Zacks: Brokerages Expect Gentherm Inc (THRM) Will Announce Quarterly Sales of $236.94 Million
Equities analysts expect Gentherm Inc (NASDAQ:THRM) to announce sales of $236.94 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Gentherm’s earnings, with estimates ranging from $230.50 million to $240.40 million. Gentherm posted sales of $232.63 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The business is expected to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Gentherm will report full year sales of $236.94 million for the current fiscal year, with estimates ranging from $966.15 million to $980.60 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for 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 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%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 earnings per share.
A number of research firms recently issued reports on THRM. BidaskClub downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, July 7th. FBR & Co restated a “buy” rating on shares of Gentherm in a report on Thursday, September 14th. TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Finally, Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $44.00 to $38.00 in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Gentherm has a consensus rating of “Hold” and a consensus price target of $40.75.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased 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 worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Gentherm in the first quarter worth about $124,000. First Bank & Trust increased 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 worth $137,000 after purchasing an additional 144 shares in the last quarter. Victory Capital Management Inc. increased 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 worth $156,000 after purchasing an additional 602 shares in the last quarter. Finally, Cim Investment Mangement Inc. purchased a new position in shares of Gentherm in the first quarter worth about $202,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
Gentherm (THRM) remained flat at $37.20 on Friday. The stock had a trading volume of 20,970 shares. The firm’s 50 day moving average price is $33.08 and its 200 day moving average price is $35.98. 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 17.07 and a beta of 1.97.
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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