Brokerages expect that Gentherm Inc (NASDAQ:THRM) will post $250.95 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Gentherm’s earnings. The highest sales estimate is $257.50 million and the lowest is $245.29 million. Gentherm posted sales of $236.54 million during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is expected to issue its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Gentherm will report full-year sales of $250.95 million for the current fiscal year, with estimates ranging from $973.79 million to $986.00 million. For the next year, analysts anticipate that the firm will report sales of $1.06 billion per share, with estimates ranging from $1.01 billion to $1.11 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Gentherm.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million during the quarter, compared to the consensus estimate of $235.94 million. Gentherm had a net margin of 6.89% and a return on equity of 12.82%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share.
Gentherm (THRM) opened at $32.40 on Monday. The company has a quick ratio of 2.47, a current ratio of 3.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1,188.46, a P/E ratio of 17.90, a PEG ratio of 0.52 and a beta of 1.96. Gentherm has a 1-year low of $29.50 and a 1-year high of $40.80.
In related news, VP Erin Erwine Ascher sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $35.14, for a total value of $70,280.00. Following the completion of the sale, the vice president now owns 29,161 shares in the company, valued at approximately $1,024,717.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maurice Ep Gunderson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $33.44, for a total transaction of $334,400.00. Following the completion of the sale, the director now owns 26,557 shares of the company’s stock, valued at approximately $888,066.08. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in shares of Gentherm by 10.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 231,553 shares of the auto parts company’s stock valued at $7,352,000 after acquiring an additional 22,246 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in shares of Gentherm by 15.5% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 19,618 shares of the auto parts company’s stock valued at $622,000 after acquiring an additional 2,628 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gentherm by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock valued at $55,582,000 after acquiring an additional 25,861 shares in the last quarter. Trigran Investments Inc. lifted its position in shares of Gentherm by 35.2% in the 3rd quarter. Trigran Investments Inc. now owns 741,784 shares of the auto parts company’s stock valued at $27,558,000 after acquiring an additional 193,277 shares in the last quarter. Finally, Tiedemann Wealth Management LLC lifted its position in shares of Gentherm by 16.2% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 31,328 shares of the auto parts company’s stock valued at $192,000 after acquiring an additional 4,378 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.
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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