Garrett Motion Inc. (NASDAQ:GTX) Announces Quarterly Dividend of $0.08

Garrett Motion Inc. (NASDAQ:GTX) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.08 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 1st.

Garrett Motion Stock Up 25.0%

Shares of NASDAQ GTX traded up $5.12 during trading on Thursday, hitting $25.61. The company had a trading volume of 7,280,041 shares, compared to its average volume of 2,355,393. The stock has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $17.85. Garrett Motion has a fifty-two week low of $9.57 and a fifty-two week high of $25.77. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 20.17 and a beta of 0.44.

Garrett Motion (NASDAQ:GTX) last announced its earnings results on Thursday, April 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. Garrett Motion had a net margin of 8.12% and a negative return on equity of 38.75%. Garrett Motion’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts anticipate that Garrett Motion will post 1.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GTX. Freedom Capital upgraded shares of Garrett Motion to a “strong-buy” rating in a research report on Monday, April 6th. BWS Financial restated a “buy” rating on shares of Garrett Motion in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.80.

Garrett Motion Company Profile

Garrett Motion Inc is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies.