Equities research analysts forecast that Gentherm Inc (NASDAQ:THRM) will post $251.75 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Gentherm’s earnings, with estimates ranging from $245.45 million to $259.20 million. Gentherm reported sales of $263.78 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.6%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, July 25th.
According to Zacks, analysts expect that Gentherm will report full-year sales of $1.02 billion for the current financial year, with estimates ranging from $1.01 billion to $1.03 billion. For the next financial year, analysts expect that the company will report sales of $1.08 billion, with estimates ranging from $1.05 billion to $1.09 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Gentherm.
Gentherm (NASDAQ:THRM) last issued its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.12. The firm had revenue of $257.92 million during the quarter, compared to analyst estimates of $250.39 million. Gentherm had a net margin of 3.61% and a return on equity of 14.71%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share.
A number of brokerages have recently issued reports on THRM. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.63.
Shares of THRM traded up $0.94 during trading hours on Friday, reaching $40.19. 114,222 shares of the company traded hands, compared to its average volume of 224,112. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 18.96 and a beta of 1.34. Gentherm has a 12-month low of $36.16 and a 12-month high of $50.30. The company has a current ratio of 2.42, a quick ratio of 1.74 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $39.88.
In related news, VP Kenneth John Phillips sold 11,222 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total value of $468,855.16. Following the completion of the sale, the vice president now directly owns 18,455 shares of the company’s stock, valued at $771,049.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frithjof Oldorff sold 10,230 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $38.79, for a total transaction of $396,821.70. Following the completion of the sale, the insider now directly owns 36,218 shares of the company’s stock, valued at $1,404,896.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,374 shares of company stock valued at $1,457,164. 1.50% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in THRM. NumerixS Investment Technologies Inc lifted its position in shares of Gentherm by 200.0% during the first quarter. NumerixS Investment Technologies Inc now owns 4,200 shares of the auto parts company’s stock valued at $156,000 after buying an additional 2,800 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Gentherm by 4.2% during the first quarter. William Blair Investment Management LLC now owns 338,867 shares of the auto parts company’s stock valued at $12,491,000 after buying an additional 13,550 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Gentherm by 44.3% during the first quarter. New York State Common Retirement Fund now owns 52,100 shares of the auto parts company’s stock valued at $1,920,000 after buying an additional 16,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gentherm by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,614,527 shares of the auto parts company’s stock valued at $64,548,000 after buying an additional 31,233 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Gentherm by 70.1% during the fourth quarter. Advisor Group Inc. now owns 1,354 shares of the auto parts company’s stock valued at $54,000 after buying an additional 558 shares during the last quarter.
Gentherm Company Profile
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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