Brokerages forecast that Gentherm Inc (NASDAQ:THRM) will post sales of $251.75 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Gentherm’s earnings, with estimates ranging from $245.45 million to $259.20 million. Gentherm posted sales of $263.78 million during the same quarter last year, which suggests a negative year over year growth rate of 4.6%. The business is scheduled to issue its next earnings report before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Gentherm will report full year sales of $1.02 billion for the current year, with estimates ranging from $1.01 billion to $1.03 billion. For the next year, analysts expect that the company will post sales of $1.08 billion, with estimates ranging from $1.05 billion to $1.09 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.43 by $0.12. Gentherm had a return on equity of 14.71% and a net margin of 3.61%. The firm had revenue of $257.92 million for the quarter, compared to analysts’ expectations of $250.39 million. During the same period last year, the firm earned $0.52 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year.
In related news, insider Frithjof Oldorff sold 10,230 shares of Gentherm stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total transaction of $396,821.70. Following the completion of the sale, the insider now owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kenneth John Phillips sold 9,000 shares of Gentherm stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $42.98, for a total value of $386,820.00. Following the sale, the vice president now directly owns 38,677 shares of the company’s stock, valued at approximately $1,662,337.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,374 shares of company stock valued at $1,457,164. 1.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund bought a new position in shares of Gentherm in the fourth quarter worth about $530,000. AlphaCrest Capital Management LLC bought a new position in shares of Gentherm in the fourth quarter worth about $300,000. Ontario Teachers Pension Plan Board bought a new position in shares of Gentherm in the fourth quarter worth about $427,000. Advisor Group Inc. increased its stake in shares of Gentherm by 70.1% in the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 558 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Gentherm by 99.3% in the fourth quarter. Citigroup Inc. now owns 14,356 shares of the auto parts company’s stock worth $574,000 after purchasing an additional 7,152 shares during the period.
THRM traded up $0.94 during trading hours on Friday, hitting $40.19. The company’s stock had a trading volume of 114,222 shares, compared to its average volume of 224,112. Gentherm has a fifty-two week low of $36.16 and a fifty-two week high of $50.30. The company has a quick ratio of 1.74, a current ratio of 2.42 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.96 and a beta of 1.34. The business’s 50-day moving average is $39.88.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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