Equities research analysts forecast that Gentherm Inc (NASDAQ:THRM) will post $252.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided 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 in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The company is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that Gentherm will report full-year sales of $252.81 million for the current year, with estimates ranging from $973.79 million to $986.00 million. For the next year, analysts expect that the company will post sales of $1.08 billion per share, with estimates ranging from $1.01 billion to $1.16 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Gentherm.
THRM has been the subject of a number of research reports. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Gentherm from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Argus dropped their target price on shares of Gentherm to $40.00 and set a “buy” rating for the company in a report on Friday, December 15th. B. Riley reaffirmed a “buy” rating on shares of Gentherm in a report on Thursday, November 2nd. Finally, Longbow Research initiated coverage on shares of Gentherm in a report on Friday, January 5th. They set an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.57.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in shares of Gentherm by 3.3% in the fourth quarter. Swiss National Bank now owns 62,000 shares of the auto parts company’s stock valued at $1,969,000 after purchasing an additional 2,000 shares during the period. Anchor Capital Advisors LLC purchased a new stake in shares of Gentherm in the fourth quarter valued at about $819,000. Teacher Retirement System of Texas purchased a new stake in shares of Gentherm in the fourth quarter valued at about $403,000. Rockefeller Financial Services Inc. grew its holdings in shares of Gentherm by 12.7% in the fourth quarter. Rockefeller Financial Services Inc. now owns 528,503 shares of the auto parts company’s stock valued at $16,780,000 after purchasing an additional 59,366 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Gentherm in the fourth quarter valued at about $1,374,000. 99.42% of the stock is owned by hedge funds and other institutional investors.
Gentherm (NASDAQ:THRM) opened at $31.65 on Thursday. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1,160.00, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.49 and a beta of 1.86. Gentherm has a 12-month low of $29.50 and a 12-month high of $40.80.
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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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