Gentherm Incorporated to Post Q2 2024 Earnings of $0.62 Per Share, Seaport Res Ptn Forecasts (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM) – Equities research analysts at Seaport Res Ptn dropped their Q2 2024 earnings estimates for Gentherm in a research report issued on Tuesday, April 30th. Seaport Res Ptn analyst G. Chin now anticipates that the auto parts company will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.68. The consensus estimate for Gentherm’s current full-year earnings is $2.93 per share. Seaport Res Ptn also issued estimates for Gentherm’s Q4 2024 earnings at $0.85 EPS, FY2024 earnings at $2.83 EPS and FY2025 earnings at $3.24 EPS.

A number of other analysts also recently issued reports on the company. Robert W. Baird cut their price objective on Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $63.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.75.

Gentherm Price Performance

NASDAQ:THRM opened at $51.23 on Thursday. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.54. The stock’s fifty day moving average is $54.04 and its two-hundred day moving average is $50.47. The company has a market capitalization of $1.62 billion, a P/E ratio of 35.09 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The business had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. During the same quarter last year, the firm earned $0.49 EPS. The business’s revenue was down 2.1% compared to the same quarter last year.

Insider Buying and Selling at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Gentherm

Several hedge funds have recently modified their holdings of THRM. Quadrant Capital Group LLC increased its stake in shares of Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after buying an additional 780 shares during the period. TFO Wealth Partners LLC raised its holdings in shares of Gentherm by 44,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,762 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Gentherm during the third quarter worth $207,000. Finally, Panagora Asset Management Inc. purchased a new position in Gentherm in the third quarter valued at $210,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.