Zacks: Analysts Anticipate Gentherm Incorporated (NASDAQ:THRM) Will Announce Earnings of $0.92 Per Share

Wall Street analysts forecast that Gentherm Incorporated (NASDAQ:THRM) will report earnings of $0.92 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Gentherm’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.87. Gentherm posted earnings per share of $0.91 during the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Gentherm will report full year earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.79 to $4.03. For the next financial year, analysts anticipate that the business will post earnings of $4.41 per share, with EPS estimates ranging from $4.25 to $4.63. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Gentherm.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 29th. The auto parts company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.16. Gentherm had a net margin of 10.50% and a return on equity of 22.38%.

A number of research firms recently issued reports on THRM. Roth Capital boosted their target price on shares of Gentherm from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, July 30th. Zacks Investment Research downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Wednesday, August 4th. Finally, Craig Hallum upgraded shares of Gentherm from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $110.00 in a research report on Friday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Gentherm presently has a consensus rating of “Hold” and an average target price of $88.75.

Shares of NASDAQ:THRM traded down $1.17 on Friday, hitting $79.02. 1,101 shares of the company were exchanged, compared to its average volume of 155,913. The firm has a market capitalization of $2.62 billion, a P/E ratio of 23.04 and a beta of 1.49. The stock’s 50 day moving average price is $79.29 and its 200 day moving average price is $75.43. Gentherm has a 1-year low of $38.99 and a 1-year high of $88.99. The company has a current ratio of 2.70, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07.

In related news, VP Yijing Brentano sold 1,644 shares of Gentherm stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $80.00, for a total transaction of $131,520.00. Following the transaction, the vice president now owns 10,211 shares in the company, valued at $816,880. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Paul Cameron Giberson sold 841 shares of Gentherm stock in a transaction on Thursday, July 29th. The shares were sold at an average price of $81.98, for a total value of $68,945.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,770 shares of company stock worth $224,146. Company insiders own 0.82% of the company’s stock.

A number of large investors have recently bought and sold shares of THRM. Parametric Portfolio Associates LLC grew its stake in Gentherm by 2.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 129,046 shares of the auto parts company’s stock worth $9,169,000 after purchasing an additional 3,312 shares in the last quarter. Sawtooth Solutions LLC increased its holdings in shares of Gentherm by 4.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,154 shares of the auto parts company’s stock valued at $295,000 after acquiring an additional 194 shares during the last quarter. Morgan Stanley raised its position in shares of Gentherm by 55.0% during the 2nd quarter. Morgan Stanley now owns 229,640 shares of the auto parts company’s stock worth $16,316,000 after acquiring an additional 81,458 shares in the last quarter. Mairs & Power Inc. lifted its stake in Gentherm by 11.3% during the second quarter. Mairs & Power Inc. now owns 511,817 shares of the auto parts company’s stock worth $36,365,000 after purchasing an additional 51,878 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in Gentherm by 104,100.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 9,378 shares of the auto parts company’s stock valued at $666,000 after purchasing an additional 9,369 shares in the last quarter. Institutional investors own 96.54% of the company’s stock.

Gentherm Company Profile

Gentherm, Inc engages in the designing, development, manufacturing, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Medical. 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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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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