Analysts Expect Gentherm Inc (NASDAQ:THRM) Will Post Earnings of $0.54 Per Share

Wall Street analysts forecast that Gentherm Inc (NASDAQ:THRM) will post $0.54 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Gentherm’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.59. Gentherm also posted earnings of $0.54 per share during the same quarter last year. The business is scheduled to announce 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 financial year, with EPS estimates ranging from $2.05 to $2.20. For the next fiscal year, analysts forecast that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.25 to $2.81. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Gentherm.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The firm had revenue of $243.33 million during the quarter, compared to analyst estimates of $254.53 million. Gentherm had a net margin of 2.31% and a return on equity of 14.49%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share.

A number of equities research analysts recently commented on the company. TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. Argus cut Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. BidaskClub cut Gentherm from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine raised Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.67.

In related news, VP Kenneth John Phillips sold 3,577 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $42.38, for a total transaction of $151,593.26. Following the sale, the vice president now owns 17,069 shares in the company, valued at $723,384.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frithjof Oldorff sold 10,230 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total value of $396,821.70. Following the sale, the insider now owns 36,218 shares in the company, valued at approximately $1,404,896.22. The disclosure for this sale can be found here. Insiders have sold 15,152 shares of company stock worth $601,489 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Bremer Bank National Association bought a new stake in Gentherm in the first quarter valued at approximately $42,000. Pearl River Capital LLC bought a new stake in Gentherm during the first quarter worth $56,000. Parallel Advisors LLC lifted its stake in shares of Gentherm by 32.5% in the 2nd quarter. Parallel Advisors LLC now owns 1,915 shares of the auto parts company’s stock valued at $80,000 after acquiring an additional 470 shares during the last quarter. First Bank & Trust lifted its stake in shares of Gentherm by 45.9% in the 2nd quarter. First Bank & Trust now owns 3,234 shares of the auto parts company’s stock valued at $135,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in Gentherm during the 2nd quarter worth $146,000.

Shares of Gentherm stock traded up $0.71 during trading on Friday, reaching $37.57. 137,000 shares of the company were exchanged, compared to its average volume of 217,243. The company has a quick ratio of 1.65, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. Gentherm has a twelve month low of $36.16 and a twelve month high of $50.30. The business has a 50-day moving average price of $39.80 and a 200-day moving average price of $40.11. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.72 and a beta of 1.33.

About Gentherm

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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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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