$239.26 Million in Sales Expected for Gentherm Inc (THRM) This Quarter
Equities research analysts expect Gentherm Inc (NASDAQ:THRM) to report sales of $239.26 million for the current quarter, Zacks reports. Five analysts have made 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 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The business is expected to issue 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 fiscal year, analysts forecast that the company will report sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.08 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data 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). The company had revenue of $243.40 million during the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS.
THRM has been the subject of a number of research analyst reports. FBR & Co reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Gentherm in a research note on Wednesday, May 31st. ValuEngine lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Friday, July 7th. Finally, BMO Capital Markets raised their price target on Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.75.
Institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC raised its holdings in Gentherm by 70.6% in the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Gentherm in the first quarter worth $124,000. First Bank & Trust raised its holdings in Gentherm by 4.3% in the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 144 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 worth $156,000 after purchasing an additional 602 shares in the last quarter. Finally, Cim Investment Mangement Inc. bought a new position in Gentherm in the first quarter worth $202,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
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Shares of Gentherm (NASDAQ THRM) opened at 33.65 on Friday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 15.44 and a beta of 1.94. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80. The stock has a 50 day moving average of $31.40 and a 200 day moving average of $36.03.
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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