Q3 2016 Earnings Estimate for Gentherm Inc. Issued By Barrington Research (THRM)
Gentherm Inc. (NASDAQ:THRM) – Equities researchers at Barrington Research reduced their Q3 2016 earnings per share (EPS) estimates for Gentherm in a note issued to investors on Tuesday. Barrington Research analyst G. Prestopino now anticipates that the brokerage will earn $0.57 per share for the quarter, down from their previous estimate of $0.59. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Gentherm’s Q4 2016 earnings at $0.56 EPS, Q1 2017 earnings at $0.63 EPS, Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.65 EPS, Q4 2017 earnings at $0.61 EPS and FY2017 earnings at $2.53 EPS.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The business earned $232.72 million during the quarter, compared to analyst estimates of $240.54 million. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS.
Other equities research analysts also recently issued research reports about the stock. KeyCorp restated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. FBR & Co reiterated a “hold” rating on shares of Gentherm in a research report on Friday, September 9th. Finally, Roth Capital downgraded shares of Gentherm from a “buy” rating to a “neutral” rating and lifted their price target for the company from $33.00 to $53.00 in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.
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Gentherm (NASDAQ:THRM) traded up 0.59% during trading on Thursday, reaching $30.58. The company had a trading volume of 409,499 shares. Gentherm has a 1-year low of $29.78 and a 1-year high of $51.71. The firm has a 50-day moving average of $31.53 and a 200-day moving average of $35.40. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.91 and a beta of 1.89.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Gentherm by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,872,522 shares of the company’s stock valued at $98,383,000 after buying an additional 79,754 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Gentherm by 3.2% in the second quarter. BlackRock Fund Advisors now owns 2,301,303 shares of the company’s stock valued at $78,820,000 after buying an additional 70,875 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of Gentherm by 28.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,550,480 shares of the company’s stock valued at $53,104,000 after buying an additional 346,873 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gentherm by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,363,784 shares of the company’s stock valued at $46,709,000 after buying an additional 4,142 shares in the last quarter. Finally, Pembroke Management LTD increased its position in shares of Gentherm by 51.5% in the second quarter. Pembroke Management LTD now owns 1,034,508 shares of the company’s stock valued at $35,431,000 after buying an additional 351,500 shares in the last quarter. Hedge funds and other institutional investors own 96.36% of the company’s stock.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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