GTX - Garrett Motion Inc.

NYSE - NYSE Delayed Price. Currency in USD
10.63
+0.68 (+6.83%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Trade prices are not sourced from all markets
Previous Close9.95
Open10.00
Bid9.34 x 1100
Ask11.23 x 1200
Day's Range9.60 - 10.65
52 Week Range8.46 - 19.71
Volume593,118
Avg. Volume721,943
Market Cap793.223M
Beta (3Y Monthly)N/A
PE Ratio (TTM)3.65
EPS (TTM)2.91
Earnings DateNov. 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est10.75
  • Business Wire

    Garrett Motion Reports Third Quarter 2019 Financial Results

    Third Quarter 2019 Highlights

  • Jim Cramer Bullish on Honeywell, Weighs In on Spin-Offs
    Market Realist

    Jim Cramer Bullish on Honeywell, Weighs In on Spin-Offs

    On Friday, Jim Cramer said Honeywell was “a very smart company” for spinning off Garrett Motion (GTX) and Resideo Technology (REZI).

  • What's in the Offing for Cummins (CMI) This Earnings Season?
    Zacks

    What's in the Offing for Cummins (CMI) This Earnings Season?

    While Cummins' (CMI) Q3 results will likely reflect gains on high truck demand in the North American market, lower demand in Chinese, Indian and European markets might have dented overall profits.

  • Can North American Unit Aid General Motors (GM) Q3 Earnings?
    Zacks

    Can North American Unit Aid General Motors (GM) Q3 Earnings?

    While higher year-over-year vehicle sales in North America are likely to have buoyed third-quarter earnings of General Motors (GM), sagging vehicle sales in China may have dented overall profits.

  • Business Wire

    Garrett Motion to Hold Third Quarter 2019 Conference Call on Friday, November 8, 2019

    Garrett Motion Inc. , a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it plans to issue financial results for the third quarter of 2019 on Friday, November 8, 2019, before the opening of The New York Stock Exchange.

  • Factory Slump Is Flyover Country at Honeywell
    Bloomberg

    Factory Slump Is Flyover Country at Honeywell

    (Bloomberg Opinion) -- Honeywell International Inc.’s aerospace halo is worth its weight in jet fuel.The $120 billion conglomerate reported its third-quarter results on Thursday, and while there was evidence of the slowdown gripping the rest of the manufacturing industry, there was also proof that everything that’s made Honeywell an industrial  darling of Wall Street this past year still holds true. On the one hand, Honeywell cut its 2019 sales outlook. Revenue at its safety and productivity unit slumped 8% in the third quarter, excluding the impact of currency swings and M&A, as inventory piled up and projects got pushed out. Offsetting that bleak result was Honeywell’s aerospace division, which delivered robust 10% organic revenue growth. And Honeywell raised its 2019 earnings forecast.So in the end, what could have been an ugly earnings day for Honeywell ended up eliciting a polite clap. As trading began in New York, the stock was up about 1%.For Honeywell and other industrial companies, aerospace has been a rare bright spot at a time when many other sectors, particularly automotive, electronics and increasingly construction-related businesses, are slowing down. The decline appears to be accelerating: railroad Union Pacific Corp. on Thursday reported an 8% slump in carload volumes in the third quarter while construction-rental equipment company United Rentals Inc. trimmed its revenue guidance late Wednesday. Meanwhile, a report from the Federal Reserve on Thursday showed that U.S. factory output declined in September by the most in five months as a strike at General Motors Co., the trade war and generally sluggish demand weighed on production.The sustainability of the years-long aerospace boom has come into question as a wobbling Chinese economy and the prolonged trade war risk damping demand for travel. Global passenger traffic grew 3.8% in August, well off the pace of the past few years, according to the International Air Transport Association. But that’s still growth, at least for now. Parts makers like Honeywell are also seeing more demand for services on older aircraft while the Boeing Co. 737 Max remains grounded.In its earnings presentation, Honeywell said it expects further growth in commercial flight hours and the rollout of new jet programs to continue to boost sales at the aerospace division in 2020. Margins may get squeezed, because the business will tilt more heavily toward the less profitable work of installing new equipment versus maintaining older versions.The generally upbeat aerospace narrative contrasts with downbeat performances elsewhere at the company. The sales decline at the safety and productivity unit was the worst for the business since 2016, when the manufacturing sector was emerging from a mini-recession sparked by the plunge in oil prices. Margins in the safety and productivity business fell 320 basis points to 13.4%. Honeywell still recorded healthy growth in its chemicals and materials unit and building-technologies division, but the pace slackened from the second quarter. Honeywell now expects total company organic sales to grow at best 5% this year, down from an earlier projection of as much as 6%.Amid what it deemed an “uncertain macro environment,” Honeywell reiterated its ability to protect its earnings through a downturn by continuing to cut costs and using its ample balance sheet for M&A and share buybacks. CEO Darius Adamczyk has largely sat comfortably on the M&A sidelines the past few years, holding out for lower valuations that may now be coming. There had been some concern when he took over from former leader Dave Cote and talked passionately about accelerating Honeywell’s revenue growth that such an effort would come at the expense of the company’s almost religious commitment to margin improvements. That concern was ill-founded. Honeywell boosted its margin guidance for the full year in part because of the benefits of previously funded restructuring, operating improvements and the spinoffs of the less profitable Garrett Motion Inc. turbocharger and Resideo Technologies Inc. consumer-facing home products businesses last year.Honeywell is making a good case for why it’s a decent place to hide in the event of a manufacturing slowdown, or perhaps broader recession. But the fact that it’s making this argument increasingly loudly should be a warning for the rest of the industrial sector.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Top Ranked Value Stocks to Buy for October 16th
    Zacks

    Top Ranked Value Stocks to Buy for October 16th

    Top Ranked Value Stocks to Buy for October 16th

  • Cooper-Standard Tumbles 43% YTD: Will the Bad Spell Stay?
    Zacks

    Cooper-Standard Tumbles 43% YTD: Will the Bad Spell Stay?

    Lower industry volumes, adverse customer mix and higher commodity prices amid trade tiff have been weighing on Cooper-Standard (CPS) lately.

  • Those Who Purchased Garrett Motion (NYSE:GTX) Shares A Year Ago Have A 33% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Garrett Motion (NYSE:GTX) Shares A Year Ago Have A 33% Loss To Show For It

    It's nice to see the Garrett Motion Inc. (NYSE:GTX) share price up 14% in a week. But in truth the last year hasn't...

  • Thomson Reuters StreetEvents

    Edited Transcript of GTX.N earnings conference call or presentation 30-Jul-19 12:30pm GMT

    Q2 2019 Garrett Motion Inc Earnings Call

  • Garrett Motion Inc. (GTX) Q2 2019 Earnings Call Transcript
    Motley Fool

    Garrett Motion Inc. (GTX) Q2 2019 Earnings Call Transcript

    GTX earnings call for the period ending June 30, 2019.

  • Do Institutions Own Garrett Motion Inc. (NYSE:GTX) Shares?
    Simply Wall St.

    Do Institutions Own Garrett Motion Inc. (NYSE:GTX) Shares?

    The big shareholder groups in Garrett Motion Inc. (NYSE:GTX) have power over the company. Insiders often own a large...

  • Thomson Reuters StreetEvents

    Edited Transcript of GTX.N earnings conference call or presentation 7-May-19 12:30pm GMT

    Q1 2019 Garrett Motion Inc Earnings Call

  • Garrett Motion Inc. (GTX) Q1 2019 Earnings Call Transcript
    Motley Fool

    Garrett Motion Inc. (GTX) Q1 2019 Earnings Call Transcript

    GTX earnings call for the period ending March 31, 2019.

  • Business Wire

    Garrett Motion Reports First Quarter 2019 Financial Results

    First Quarter 2019 Highlights

  • Business Wire

    Garrett Motion to Hold First Quarter 2019 Conference Call on Tuesday, May 7, 2019

    Garrett Motion Inc. , a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced it plans to issue financial results for the first quarter of 2019 on Tuesday, May 7, 2019, before the opening of The New York Stock Exchange.

  • Canada’s Warren Buffett Adds 7 New Stocks
    The Motley Fool

    Canada’s Warren Buffett Adds 7 New Stocks

    Fairfax Financial Holdings Ltd.'s (TSX:FFH) Prem Watsa has added seven new stocks to his portfolio; however, the additions might not move the needle for the multi-billion-dollar holding company.

  • Copart (CPRT) Q2 Earnings Surpass Estimates, Improve Y/Y
    Zacks

    Copart (CPRT) Q2 Earnings Surpass Estimates, Improve Y/Y

    Copart's (CPRT) revenues rise year over year while missing estimates in second-quarter fiscal 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of GTX.N earnings conference call or presentation 20-Feb-19 1:30pm GMT

    Q4 2018 Garrett Motion Inc Earnings Call

  • Sonic Automotive (SAH) Q4 Earnings Beat, Revenues Miss
    Zacks

    Sonic Automotive (SAH) Q4 Earnings Beat, Revenues Miss

    Sonic Automotive's (SAH) EchoPark stores retail 8,762 units in fourth-quarter 2018, up 94.9% on a year-over-year basis.