Gentherm Inc (NASDAQ:THRM) Announces $1.90 Special Dividend

Gentherm Inc (NASDAQ:THRM) declared a special dividend on Thursday, September 17th. Investors of record on Monday, September 28th will be given a dividend of 1.90 per share by the auto parts company on Wednesday, October 7th. The ex-dividend date is Monday, September 28th.

Gentherm Stock Down 3.4%

NASDAQ:THRM traded down $1.27 on Friday, hitting $36.38. 183,710 shares of the company’s stock were exchanged, compared to its average volume of 315,304. The firm has a 50-day moving average price of $39.94 and a 200-day moving average price of $34.55. Gentherm has a 52 week low of $27.00 and a 52 week high of $48.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 1.49. The company has a market cap of $1.12 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 0.87 and a beta of 1.34.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.56 by $0.19. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The firm had revenue of $416.17 million during the quarter, compared to analysts’ expectations of $382.90 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Gentherm will post 2.92 EPS for the current fiscal year.

Gentherm declared that its board has authorized a stock buyback plan on Thursday, July 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 36.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Gentherm Company Profile

Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.

For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.

In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.