$0.60 Earnings Per Share Expected for Gentherm Inc (NASDAQ:THRM) This Quarter
Wall Street analysts expect Gentherm Inc (NASDAQ:THRM) to post $0.60 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Gentherm’s earnings, with estimates ranging from $0.58 to $0.63. Gentherm reported earnings per share of $0.50 in the same quarter last year, which indicates a positive year over year growth rate of 20%. The company is scheduled to report its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Gentherm will report full year earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.47 to $2.57. For the next financial year, analysts forecast that the company will post earnings of $2.76 per share, with EPS estimates ranging from $2.61 to $2.90. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The company had revenue of $249.30 million during the quarter, compared to analysts’ expectations of $240.57 million. Gentherm had a return on equity of 19.53% and a net margin of 9.47%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share.
A number of analysts have issued reports on THRM shares. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. FBR & Co reissued an “outperform” rating and issued a $45.00 target price on shares of Gentherm in a report on Tuesday, March 28th. Barrington Research boosted their target price on Gentherm from $43.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 1st. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 target price (up from $42.00) on shares of Gentherm in a report on Wednesday, May 3rd. Finally, ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $42.25.
In other Gentherm news, insider Darren Schumacher sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $37.59, for a total transaction of $563,850.00. Following the completion of the sale, the insider now directly owns 47,881 shares of the company’s stock, valued at approximately $1,799,846.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kenneth John Phillips sold 19,500 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $37.74, for a total value of $735,930.00. Following the sale, the vice president now directly owns 55,108 shares of the company’s stock, valued at $2,079,775.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,300 shares of company stock valued at $1,370,286. 2.30% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Gentherm during the first quarter valued at approximately $124,000. First Bank & Trust increased its stake in Gentherm by 5.2% in the first quarter. First Bank & Trust now owns 3,371 shares of the auto parts company’s stock valued at $132,000 after buying an additional 166 shares in the last quarter. Victory Capital Management Inc. increased its stake in Gentherm by 17.8% in the first quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock valued at $156,000 after buying an additional 602 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Gentherm by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the auto parts company’s stock valued at $158,000 after buying an additional 90 shares in the last quarter. Finally, Forward Management LLC increased its stake in Gentherm by 5.0% in the first quarter. Forward Management LLC now owns 5,104 shares of the auto parts company’s stock valued at $201,000 after buying an additional 245 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.
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Gentherm (NASDAQ THRM) opened at 40.30 on Thursday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 16.45 and a beta of 1.96. Gentherm has a one year low of $26.60 and a one year high of $40.45. The stock has a 50 day moving average price of $38.90 and a 200-day moving average price of $36.84.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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