Gentherm Inc (THRM) Expected to Announce Quarterly Sales of $236.94 Million
Analysts predict that Gentherm Inc (NASDAQ:THRM) will report sales of $236.94 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Gentherm’s earnings, with the lowest sales estimate coming in at $230.50 million and the highest estimate coming in at $240.40 million. Gentherm reported sales of $232.63 million in the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, October 26th.
On average, analysts expect that Gentherm will report full-year sales of $236.94 million for the current year, with estimates ranging from $966.15 million to $980.60 million. For the next financial year, analysts expect that the firm will report sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.07 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Gentherm.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business 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 business earned $0.59 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis.
Several research firms have recently issued reports on THRM. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets upped their target price on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, July 14th. FBR & Co reaffirmed a “buy” rating on shares of Gentherm in a report on Thursday, September 14th. Roth Capital set a $33.00 target price on Gentherm and gave the company a “hold” rating in a report on Friday, July 28th. Finally, Craig Hallum lowered Gentherm from a “buy” rating to a “hold” rating and reduced their target price for the company from $44.00 to $38.00 in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.75.
Shares of Gentherm (NASDAQ THRM) opened at 35.90 on Tuesday. The firm has a market capitalization of $1.32 billion, a PE ratio of 16.48 and a beta of 1.97. The stock has a 50 day moving average price of $35.27 and a 200-day moving average price of $35.93. Gentherm has a 52-week low of $26.60 and a 52-week high of $40.80.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Gentherm by 152,589.9% in the first quarter. BlackRock Inc. now owns 4,608,180 shares of the auto parts company’s stock valued at $180,872,000 after purchasing an additional 4,605,162 shares during the last quarter. Vanguard Group Inc. lifted its stake in Gentherm by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,227,072 shares of the auto parts company’s stock valued at $125,210,000 after purchasing an additional 14,890 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Gentherm by 39.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,885,661 shares of the auto parts company’s stock valued at $73,164,000 after purchasing an additional 532,415 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in Gentherm by 2.9% in the second quarter. Van Berkom & Associates Inc. now owns 1,850,238 shares of the auto parts company’s stock valued at $71,789,000 after purchasing an additional 51,960 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Gentherm by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,298 shares of the auto parts company’s stock valued at $57,048,000 after purchasing an additional 14,626 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.
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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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