Brokerages expect that Gentherm Inc (NASDAQ:THRM) will post $248.95 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Gentherm’s earnings, with estimates ranging from $245.29 million to $257.30 million. Gentherm reported sales of $236.54 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The company is expected to announce its next earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Gentherm will report full-year sales of $248.95 million for the current financial year, with estimates ranging from $973.79 million to $985.70 million. For the next year, analysts forecast that the company will post sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Gentherm.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.33). The company had revenue of $235.85 million for 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 firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS.
A number of analysts have commented on the stock. BidaskClub cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. FBR & Co reaffirmed a “buy” rating on shares of Gentherm in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Craig Hallum cut shares of 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. Finally, Barrington Research reduced their target price on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.75.
Gentherm (THRM) opened at $34.27 on Monday. Gentherm has a 52-week low of $29.35 and a 52-week high of $40.80. The firm has a market cap of $1,257.24, a P/E ratio of 19.26, a P/E/G ratio of 1.05 and a beta of 1.94. The company has a current ratio of 3.23, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.
Several large investors have recently modified their holdings of THRM. Riverhead Capital Management LLC boosted its position in shares of Gentherm by 70.6% during the second quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 1,130 shares during the last quarter. First Bank & Trust boosted its position in shares of Gentherm by 4.3% during the second quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 144 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Gentherm by 12.7% during the second quarter. Victory Capital Management Inc. now owns 4,479 shares of the auto parts company’s stock worth $174,000 after acquiring an additional 504 shares during the last quarter. Forward Management LLC boosted its position in shares of Gentherm by 6.0% during the second quarter. Forward Management LLC now owns 5,409 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 305 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Gentherm by 0.7% during the second quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 95.51% 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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