Roth Capital Comments on Gentherm Incorporated’s Q2 2024 Earnings (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM) – Research analysts at Roth Capital raised their Q2 2024 earnings per share estimates for Gentherm in a research report issued on Wednesday, May 1st. Roth Capital analyst M. Koranda now anticipates that the auto parts company will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.60. The consensus estimate for Gentherm’s current full-year earnings is $2.80 per share. Roth Capital also issued estimates for Gentherm’s Q3 2024 earnings at $0.86 EPS, FY2024 earnings at $2.98 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $3.69 EPS.

THRM has been the topic of several other reports. Robert W. Baird cut their target price on Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $65.75.

Gentherm Stock Performance

Shares of Gentherm stock opened at $51.92 on Thursday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 42.21 and a beta of 1.49. Gentherm has a twelve month low of $38.21 and a twelve month high of $66.54. The company’s fifty day moving average is $54.27 and its 200 day moving average is $50.49. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34.

Gentherm (NASDAQ:THRM) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS.

Insider Buying and Selling at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $55.17, for a total transaction of $827,550.00. Following the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $8,127,478.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of THRM. Assenagon Asset Management S.A. increased its stake in Gentherm by 25.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 175,591 shares of the auto parts company’s stock valued at $9,194,000 after purchasing an additional 35,854 shares in the last quarter. Bridge City Capital LLC increased its position in Gentherm by 40.6% in the 3rd quarter. Bridge City Capital LLC now owns 40,039 shares of the auto parts company’s stock valued at $2,173,000 after buying an additional 11,555 shares in the last quarter. Trigran Investments Inc. raised its stake in Gentherm by 6.1% during the 3rd quarter. Trigran Investments Inc. now owns 1,704,687 shares of the auto parts company’s stock worth $92,496,000 after buying an additional 97,293 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Gentherm by 127.1% in the third quarter. Envestnet Asset Management Inc. now owns 169,381 shares of the auto parts company’s stock worth $9,191,000 after acquiring an additional 94,809 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in Gentherm by 107.4% in the third quarter. Hsbc Holdings PLC now owns 10,513 shares of the auto parts company’s stock valued at $576,000 after acquiring an additional 5,443 shares during the period. 97.13% of the stock is owned by institutional investors.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.