Zacks: Analysts Anticipate Gentherm Inc (THRM) to Post $0.52 EPS
Brokerages expect Gentherm Inc (NASDAQ:THRM) to announce earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks. 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 reported earnings per share of $0.55 in the same quarter last year, which suggests a negative year over year growth rate of 5.5%. The business is expected to announce its next earnings report on Thursday, October 26th.
On average, analysts expect that Gentherm will report full-year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.04. For the next fiscal year, analysts expect that the firm will post earnings of $2.57 per share, with EPS estimates ranging from $2.27 to $2.75. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Gentherm.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data 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). The firm had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. Gentherm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS.
Several research firms have recently commented on THRM. FBR & Co restated a “buy” rating on shares of Gentherm in a research note on Thursday, September 14th. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. BidaskClub cut shares of Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, BMO Capital Markets dropped their price objective on shares of Gentherm from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.75.
Gentherm (THRM) opened at 37.25 on Wednesday. The stock’s 50 day moving average is $32.71 and its 200 day moving average is $35.96. Gentherm has a 12-month low of $26.60 and a 12-month high of $40.80. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.09 and a beta of 1.97.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position 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 acquiring an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Gentherm in the first quarter valued at $124,000. First Bank & Trust lifted 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 valued at $137,000 after acquiring an additional 144 shares during the period. Victory Capital Management Inc. lifted 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 valued at $156,000 after acquiring an additional 602 shares during the period. Finally, Cim Investment Mangement Inc. acquired a new stake in Gentherm in the first quarter valued at $202,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
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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