$ 0.32 expected EPS for Gentherm Incorporated (NASDAQ: THRM) this quarter
Wall Street analysts predict that Gentherm Incorporated (NASDAQ: THRM) will report earnings of $ 0.32 per share for the current quarter, Zacks Investment Research reports. Four analysts provided estimates of Gentherm’s earnings, with the lowest EPS estimate being $ 0.28 and the highest estimate being $ 0.36. Gentherm reported earnings of $ 1.16 per share in the same quarter last year, indicating a negative year-over-year growth rate of 72.4%. The company is expected to release its next earnings report on Monday, March 7.
According to Zacks, analysts expect Gentherm to report annual earnings of $ 2.73 per share for the current fiscal year, with EPS estimates ranging from $ 2.68 to $ 2.77. For the next fiscal year, analysts expect the company to post earnings of $ 3.20 per share, with EPS estimates ranging from $ 3.05 to $ 3.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts who cover Gentherm.
Gentherm (NASDAQ: THRM) last reported its quarterly results on Thursday, October 28. The auto parts company reported earnings per share (EPS) of $ 0.51 for the quarter, missing Zacks’ consensus estimate of $ 0.65 of ($ 0.14). Gentherm had a net margin of 9.88% and a return on equity of 19.02%. The company posted revenue of $ 243.38 million in the quarter, compared to a consensus estimate of $ 250.73 million. In the same quarter of the previous year, the company posted earnings of $ 0.91 per share. The company’s revenue was down 6.2% year-on-year.
THRM has been the subject of several research reports. Seaport Research Partners launched coverage on Gentherm in a report on Wednesday, October 27. They issued a “buy” note and a price target of $ 105 for the company. Robert W. Baird covered Gentherm in a report on Tuesday, September 21. They set an “outperformance” rating and a price target of $ 94.00 for the company. Roth Capital reduced its price target on Gentherm from $ 92.00 to $ 85.00 and set a âbuyâ rating for the company in a report released on Thursday, October 28. Seaport Res Ptn reaffirmed a âbuyâ rating on Gentherm shares in a research report on Wednesday, October 27. Finally, Craig Hallum downgraded Gentherm from a âkeepâ rating to a âbuyâ rating and raised his target price for the share from $ 70.00 to $ 110.00 in a research report on Friday July 30. Three stock research analysts rated the stock with a sell rating and six issued a buy rating for the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $ 93.14.
NASDAQ: THRM opened at $ 89.23 on Friday. The company has a market cap of $ 2.97 billion, a PE ratio of 27.71 and a beta of 1.36. Gentherm has a minimum of $ 55.53 over 52 weeks and a maximum of $ 89.59 over 52 weeks. The company has a debt ratio of 0.06, a rapid ratio of 1.95 and a current ratio of 2.66. The company has a 50-day moving average price of $ 84.03 and a 200-day moving average price of $ 78.60.
Institutional investors recently bought and sold shares in the company. The Alaska State Department of Revenue increased its stake in Gentherm shares by 5.6% in the third quarter. The Alaska State Department of Revenue now owns 24,189 shares of the auto parts company valued at $ 1,957,000 after purchasing an additional 1,274 shares in the last quarter. Teacher Retirement System of Texas strengthened its position in Gentherm by 17.5% during the second quarter. Teacher Retirement System of Texas now owns 4,299 shares of the auto parts company valued at $ 305,000 after purchasing an additional 639 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in Gentherm by 5.6% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,204,919 shares of the auto parts company valued at $ 85,609,000 after purchasing an additional 63,602 shares in the last quarter. Principal Financial Group Inc. strengthened its position in Gentherm by 3.7% during the second quarter. Principal Financial Group Inc. now owns 257,488 shares of the auto parts company valued at $ 18,295,000 after purchasing an additional 9,270 shares in the last quarter. Finally, Banque AmalgamÃ©e increased its position in Gentherm by 258.2% during the second quarter. Banque AmalgamÃ©e now owns 17,722 shares of the auto parts company valued at $ 1,259,000 after purchasing 12,774 additional shares in the last quarter. Institutional investors and hedge funds hold 96.70% of the company’s shares.
Gentherm Company Profile
Gentherm, Inc is engaged in the design, development, manufacture and marketing of heating, cooling and ventilation equipment. It operates through the following business sectors: Automotive and Medical. The Automotive segment designs, develops, produces and sells automotive seat comfort systems, specialty automotive cable systems, and automotive and non-automotive thermal convenience products.
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