Gentherm Inc (THRM) Expected to Post Quarterly Sales of $239.26 Million
Wall Street brokerages expect that Gentherm Inc (NASDAQ:THRM) will announce sales of $239.26 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Gentherm’s earnings. The lowest sales estimate is $230.50 million and the highest is $251.20 million. Gentherm posted sales of $232.63 million during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that Gentherm will report full year sales of $239.26 million for the current financial year, with estimates ranging from $966.15 million to $975.40 million. For the next year, analysts forecast that the business will post sales of $1.04 billion per share, with estimates ranging from $1.01 billion to $1.08 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.38. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The firm had revenue of $243.40 million for the quarter, compared to analyst estimates of $244.48 million. During the same period last year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.
Several research firms have weighed in on THRM. BidaskClub downgraded shares of Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets decreased their price target on shares of Gentherm from $46.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, August 1st. Barrington Research decreased their price target on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, Craig Hallum downgraded shares of Gentherm from a “buy” rating to a “hold” rating and decreased their price target for the company from $44.00 to $38.00 in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Gentherm currently has an average rating of “Hold” and a consensus target price of $40.75.
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Shares of Gentherm (NASDAQ:THRM) opened at 30.50 on Friday. The firm’s 50-day moving average price is $37.03 and its 200-day moving average price is $36.84. The firm has a market capitalization of $1.12 billion, a P/E ratio of 14.00 and a beta of 1.93. Gentherm has a 12-month low of $26.60 and a 12-month high of $40.80.
In other news, VP Erin Erwine Ascher sold 1,800 shares of Gentherm stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the transaction, the vice president now directly owns 23,839 shares in the company, valued at $933,773.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of THRM. HPM Partners LLC acquired a new position in shares of Gentherm during the first quarter worth about $299,000. First Trust Advisors LP boosted its position in shares of Gentherm by 12.1% in the first quarter. First Trust Advisors LP now owns 60,668 shares of the auto parts company’s stock worth $2,381,000 after buying an additional 6,560 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Gentherm by 21.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,090 shares of the auto parts company’s stock worth $1,142,000 after buying an additional 5,066 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Gentherm by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 51,480 shares of the auto parts company’s stock worth $2,018,000 after buying an additional 3,904 shares in the last quarter. Finally, Pembroke Management LTD boosted its position in shares of Gentherm by 40.5% in the first quarter. Pembroke Management LTD now owns 631,408 shares of the auto parts company’s stock worth $24,782,000 after buying an additional 181,900 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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