$ 0.92 EPS expected for Gentherm Incorporated (NASDAQ: THRM) this quarter
Analysts expect Gentherm Incorporated (NASDAQ: THRM) to report earnings of $ 0.92 per share for the current fiscal quarter, according to Zacks. Three analysts have released estimates for Gentherm’s earnings, with the highest EPS estimate at $ 0.95 and the lowest estimate at $ 0.87. Gentherm posted earnings of $ 0.91 per share in the same quarter last year, suggesting a positive growth rate of 1.1% year-over-year. The company is expected to release its next quarterly results on Thursday, November 4.
On average, analysts expect Gentherm to report annual earnings of $ 3.89 per share for the current year, with EPS estimates ranging from $ 3.79 to $ 4.03. For the next fiscal year, analysts expect the company to report earnings of $ 4.36 per share, with EPS estimates ranging from $ 4.19 to $ 4.63. Zacks’ EPS calculations are an average based on a survey of sales analysts who provide coverage for Gentherm.
Gentherm (NASDAQ: THRM) last released its quarterly earnings data on Thursday, July 29. The auto parts company reported earnings per share (EPS) of $ 0.85 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.69 of $ 0.16. Gentherm recorded a return on equity of 22.38% and a net margin of 10.50%.
Several equity analysts weighed on the company. Zacks Investment Research downgraded Gentherm from a “buy” rating to a “keep” rating in a Thursday, July 8 research note. Roth Capital raised its price target on Gentherm from $ 85.00 to $ 92.00 and gave the company a “buy” rating in a research note on Friday. Finally, Craig Hallum downgraded Gentherm from a “keep” rating to a “buy” rating and raised his target price for the company from $ 70.00 to $ 110.00 in a research note on Friday. Two equity research analysts rated the stock with a sell rating, one assigned a conservation rating, and two assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $ 87.33.
NASDAQ: THRM opened at $ 83.99 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 2.03, and a debt ratio of 0.07. Gentherm has a fifty-two week low of $ 38.99 and a fifty-two week high of $ 85.57. The company’s 50-day simple moving average is $ 71.56. The stock has a market cap of $ 2.78 billion, a PE ratio of 24.14 and a beta of 1.49.
In related news, Executive Vice President Paul Cameron Giberson sold 841 shares of the company in a transaction that took place on Thursday, July 29. The stock was sold for an average price of $ 81.98, for a total value of $ 68,945.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through the SEC website. In addition, Vice President Yijing Brentano sold 1,644 shares of the company in a transaction that took place on Thursday, July 29. The stock was sold for an average price of $ 80.00, for a total value of $ 131,520.00. Following the transaction, the Vice President now owns 10,211 shares of the company, valued at $ 816,880. Disclosure of this sale can be found here. Insiders own 0.82% of the company’s shares.
Several hedge funds have recently changed their holdings in the company. The Manufacturers Life Insurance Company increased its stake in Gentherm shares by 5.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,450 shares of the auto parts business valued at $ 1,269,000 after purchasing an additional 1,013 shares in the last quarter. LPL Financial LLC increased its stake in Gentherm shares by 92.9% in the fourth quarter. LPL Financial LLC now owns 9,928 shares of the auto parts company valued at $ 648,000 after purchasing an additional 4,781 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Gentherm shares by 9.2% in the fourth quarter. Nuveen Asset Management LLC now owns 286,440 shares of the auto parts company valued at $ 18,682,000 after purchasing an additional 24,171 shares in the last quarter. Morgan Stanley increased its position in Gentherm by 10.4% in the fourth quarter. Morgan Stanley now owns 166,536 shares of the auto parts company valued at $ 10,862,000 after acquiring an additional 15,685 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Gentherm in the fourth quarter valued at $ 384,000. Institutional investors hold 97.57% of the shares of the company.
Gentherm Incorporated designs, develops, manufactures and markets thermal management technologies. The company operates through two segments, automotive and medical. The Automotive segment offers climatic comfort system solutions, which include seat heaters, fans and thermoelectric devices for variable temperature seats and steering wheel heaters designed to provide thermal comfort to car passengers; integrated electronic components, such as electronic control units that use proprietary electronic technology and software; and other climate comfort system solutions including neck conditioners and air conditioning system products for door panels, armrests, cup holders and storage bins.
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