Gentherm (NASDAQ:THRM) Posts Earnings Results, Beats Estimates By $0.19 EPS

Gentherm (NASDAQ:THRM) announced its quarterly earnings results on Tuesday. The auto parts company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19, Briefing.com reports. The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Gentherm updated its FY 2024 guidance to EPS.

Gentherm Stock Performance

NASDAQ THRM traded up $0.72 during trading hours on Thursday, hitting $52.64. The company’s stock had a trading volume of 2,794 shares, compared to its average volume of 181,321. Gentherm has a 12 month low of $38.21 and a 12 month high of $66.54. The company’s 50 day simple moving average is $54.27 and its two-hundred day simple moving average is $50.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.10 and a quick ratio of 1.48. The company has a market cap of $1.66 billion, a P/E ratio of 35.56 and a beta of 1.49.

Insider Activity

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the sale, the chief executive officer now owns 147,317 shares of the company’s stock, valued at approximately $8,127,478.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.91% of the company’s stock.

Analysts Set New Price Targets

THRM has been the topic of a number of research analyst reports. 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. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Finally, Robert W. Baird lowered their price objective on Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Gentherm has an average rating of “Hold” and an average price target of $65.75.

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.