Research Analysts Issue Forecasts for Gentherm Inc’s FY2017 Earnings (THRM)
Gentherm Inc (NASDAQ:THRM) – Equities researchers at B. Riley issued their FY2017 earnings estimates for shares of Gentherm in a research report issued to clients and investors on Thursday. B. Riley analyst C. Horn forecasts that the auto parts company will post earnings per share of $1.63 for the year. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Gentherm’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.73 EPS and FY2018 earnings at $2.68 EPS.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.33). The company had revenue of $235.85 million for the quarter, compared to analysts’ expectations of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/11/06/research-analysts-issue-forecasts-for-gentherm-incs-fy2017-earnings-thrm.html.
A number of other research firms have also weighed in on THRM. BMO Capital Markets increased their price objective on Gentherm from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. BidaskClub lowered Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reissued a “buy” rating on shares of Gentherm in a research note on Wednesday, October 4th. Finally, Craig Hallum downgraded Gentherm from a “buy” rating to a “hold” rating and decreased their target price for the company from $44.00 to $38.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Gentherm presently has an average rating of “Hold” and an average target price of $40.75.
Shares of Gentherm (THRM) opened at $33.30 on Monday. The firm has a market capitalization of $1,221.48, a P/E ratio of 18.71, a PEG ratio of 1.02 and a beta of 1.94. Gentherm has a 52 week low of $26.60 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.23.
Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Gentherm by 65.1% during the third quarter. BNP Paribas Arbitrage SA now owns 19,229 shares of the auto parts company’s stock valued at $714,000 after acquiring an additional 7,585 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of Gentherm by 8.9% during the third quarter. Bridge City Capital LLC now owns 27,987 shares of the auto parts company’s stock valued at $1,040,000 after acquiring an additional 2,277 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Gentherm by 37.4% during the third quarter. Victory Capital Management Inc. now owns 6,156 shares of the auto parts company’s stock valued at $229,000 after acquiring an additional 1,677 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Gentherm during the third quarter valued at approximately $267,000. Finally, Reinhart Partners Inc. raised its holdings in Gentherm by 11.9% in the third quarter. Reinhart Partners Inc. now owns 94,160 shares of the auto parts company’s stock worth $3,498,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 96.61% of the company’s stock.
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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