Gentherm Inc (NASDAQ:THRM) to Issue Special Dividend of $1.90

Gentherm Inc (NASDAQ:THRM) announced a special dividend on Thursday, September 17th. Shareholders of record on Monday, September 28th will be given a dividend of 1.90 per share by the auto parts company on Wednesday, October 7th. The ex-dividend date is Monday, September 28th.

Gentherm Stock Down 3.4%

THRM stock traded down $1.27 during mid-day trading on Friday, hitting $36.38. The stock had a trading volume of 219,716 shares, compared to its average volume of 315,346. The company has a fifty day moving average of $39.94 and a 200 day moving average of $34.55. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. Gentherm has a 1-year low of $27.00 and a 1-year high of $48.35. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 0.87 and a beta of 1.34.

Gentherm (NASDAQ:THRM) last posted its earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.56 by $0.19. The business had revenue of $416.17 million during the quarter, compared to the consensus estimate of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.Gentherm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. On average, equities analysts expect that Gentherm will post 2.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on THRM. CJS Securities started coverage on shares of Gentherm in a research note on Monday. They set an “outperform” rating and a $50.00 price target on the stock. Weiss Ratings raised Gentherm from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on shares of Gentherm from $44.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Freedom Capital lowered Gentherm from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Zacks Research raised Gentherm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

About Gentherm

Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.

For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.

In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.