Analysts expect Gentherm Inc (NASDAQ:THRM) to report earnings of $0.54 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Gentherm’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.52. Gentherm also posted earnings per share of $0.54 in the same quarter last year. The company is scheduled to issue its next earnings report on Thursday, October 24th.
According to Zacks, analysts expect that Gentherm will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.20. For the next fiscal year, analysts anticipate that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.25 to $2.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.01). The company had revenue of $243.33 million during the quarter, compared to the consensus estimate of $254.53 million. Gentherm had a return on equity of 14.49% and a net margin of 2.31%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share.
A number of research firms have recently commented on THRM. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Argus cut shares of Gentherm from a “buy” rating to a “hold” rating in a report on Monday, July 29th. BidaskClub cut shares of Gentherm from a “hold” rating to a “sell” rating in a report on Saturday, August 17th. ValuEngine upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, TheStreet cut shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.67.
Shares of NASDAQ THRM traded down $1.27 during mid-day trading on Friday, reaching $36.19. The company had a trading volume of 122,890 shares, compared to its average volume of 177,344. The business’s 50-day moving average is $39.24 and its 200-day moving average is $39.96. The company has a current ratio of 2.34, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 17.07 and a beta of 1.33. Gentherm has a 52 week low of $36.06 and a 52 week high of $50.30.
In other Gentherm news, insider Frithjof Oldorff sold 10,230 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $38.79, for a total transaction of $396,821.70. Following the transaction, the insider now directly owns 36,218 shares in the company, valued at approximately $1,404,896.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kenneth John Phillips sold 1,345 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $39.46, for a total transaction of $53,073.70. Following the transaction, the vice president now owns 16,069 shares in the company, valued at $634,082.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,152 shares of company stock worth $601,489. 1.50% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in THRM. JPMorgan Chase & Co. lifted its position in shares of Gentherm by 2,342.4% during the second quarter. JPMorgan Chase & Co. now owns 380,573 shares of the auto parts company’s stock valued at $15,774,000 after buying an additional 364,991 shares during the last quarter. Norges Bank purchased a new stake in shares of Gentherm during the fourth quarter valued at about $9,992,000. UBS Group AG lifted its position in shares of Gentherm by 178.1% during the second quarter. UBS Group AG now owns 332,030 shares of the auto parts company’s stock valued at $13,889,000 after buying an additional 212,618 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Gentherm during the second quarter valued at about $6,228,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of Gentherm by 48.4% during the first quarter. Westwood Holdings Group Inc. now owns 441,659 shares of the auto parts company’s stock valued at $16,280,000 after buying an additional 143,973 shares during the last quarter.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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