$239.26 Million in Sales Expected for Gentherm Inc (THRM) This Quarter
Brokerages expect Gentherm Inc (NASDAQ:THRM) to post sales of $239.26 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Gentherm’s earnings. The lowest sales estimate is $230.50 million and the highest is $251.20 million. Gentherm reported sales of $232.63 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Gentherm will report full-year sales of $239.26 million for the current year, with estimates ranging from $966.15 million to $975.40 million. For the next year, analysts expect that the company will post sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.08 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Gentherm.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The company had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. During the same period in the previous year, the company posted $0.59 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.
A number of research firms have recently weighed in on THRM. Roth Capital set a $33.00 target price on shares of Gentherm and gave the stock a “hold” rating in a report on Friday, July 28th. BidaskClub lowered shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. BMO Capital Markets reiterated an “outperform” rating and set a $44.00 target price (up from $42.00) on shares of Gentherm in a report on Wednesday, May 3rd. Finally, Barrington Research increased their target price on shares of Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.75.
In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total value of $70,506.00. Following the completion of the sale, the vice president now directly owns 23,839 shares in the company, valued at $933,773.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of THRM. Riverhead Capital Management LLC raised its stake in shares of Gentherm by 70.6% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock valued at $106,000 after buying an additional 1,130 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Gentherm during the first quarter valued at approximately $124,000. First Bank & Trust raised its stake in shares of Gentherm by 4.3% in the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock valued at $137,000 after buying an additional 144 shares during the period. Victory Capital Management Inc. raised its stake in shares of 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 during the period. Finally, State of Alaska Department of Revenue raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.
Gentherm (NASDAQ:THRM) opened at 30.10 on Tuesday. The firm has a 50-day moving average price of $34.54 and a 200 day moving average price of $36.47. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 13.81 and a beta of 1.93. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80.
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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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