Brokerages Anticipate Gentherm Inc (THRM) Will Post Earnings of $0.52 Per Share
Analysts expect Gentherm Inc (NASDAQ:THRM) to announce earnings of $0.52 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Gentherm’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.57. Gentherm posted earnings of $0.55 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The business is scheduled to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Gentherm will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.86 to $2.04. For the next financial year, analysts forecast that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $2.27 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gentherm.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The business had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. During the same quarter last year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.
Several analysts recently issued reports on the company. BidaskClub downgraded Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. FBR & Co restated a “buy” rating on shares of Gentherm in a research note on Thursday. TheStreet downgraded Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Barrington Research reduced their price target on Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $40.75.
Shares of Gentherm (NASDAQ THRM) traded down 0.15% on Friday, hitting $33.30. The company had a trading volume of 65,437 shares. Gentherm has a 12-month low of $26.60 and a 12-month high of $40.80. The company has a market capitalization of $1.23 billion, a P/E ratio of 15.28 and a beta of 1.94. The firm has a 50-day moving average price of $31.44 and a 200 day moving average price of $36.06.
Institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in Gentherm by 0.8% during the 4th quarter. Teachers Advisors LLC now owns 63,073 shares of the auto parts company’s stock worth $2,135,000 after buying an additional 480 shares during the period. Great West Life Assurance Co. Can raised its stake in Gentherm by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 51,480 shares of the auto parts company’s stock worth $2,018,000 after buying an additional 3,904 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Gentherm by 21.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,090 shares of the auto parts company’s stock worth $1,142,000 after buying an additional 5,066 shares during the period. First Trust Advisors LP raised its stake in Gentherm by 12.1% during the 1st quarter. First Trust Advisors LP now owns 60,668 shares of the auto parts company’s stock worth $2,381,000 after buying an additional 6,560 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Gentherm by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,202,882 shares of the auto parts company’s stock worth $47,214,000 after buying an additional 84,240 shares during the period. Institutional investors own 96.75% of the company’s stock.
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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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