Brokerages Expect Gentherm Inc (THRM) to Post $0.60 EPS

Brokerages predict that Gentherm Inc (NASDAQ:THRM) will report earnings of $0.60 per share for the current quarter, Zacks reports. Five analysts have made estimates for Gentherm’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.64. Gentherm reported earnings per share of $0.69 during the same quarter last year, which suggests a negative year over year growth rate of 13%. The company is expected to issue its next earnings report before the market opens on Thursday, April 26th.

On average, analysts expect that Gentherm will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.55. For the next fiscal year, analysts forecast that the firm will report earnings of $2.69 per share, with EPS estimates ranging from $2.60 to $2.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Gentherm.

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Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.08. The firm had revenue of $257.19 million for the quarter, compared to analyst estimates of $253.48 million. Gentherm had a net margin of 3.57% and a return on equity of 11.81%. Gentherm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS.

THRM has been the topic of a number of research reports. JPMorgan Chase reissued an “overweight” rating and issued a $39.00 target price (down from $40.00) on shares of Gentherm in a research note on Wednesday, February 21st. Longbow Research initiated coverage on shares of Gentherm in a research note on Friday, January 5th. They issued an “underperform” rating on the stock. BidaskClub lowered shares of Gentherm from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Craig Hallum raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Finally, Zacks Investment Research raised shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.56.

THRM traded up $0.05 during trading on Friday, reaching $35.65. The company’s stock had a trading volume of 164,831 shares, compared to its average volume of 193,671. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.98. Gentherm has a 1 year low of $29.50 and a 1 year high of $40.80. The firm has a market capitalization of $1,311.71, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.71.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BancorpSouth Bank acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $228,000. Jefferies Group LLC acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $254,000. Teacher Retirement System of Texas acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $403,000. Guggenheim Capital LLC increased its holdings in shares of Gentherm by 17.1% during the 4th quarter. Guggenheim Capital LLC now owns 14,240 shares of the auto parts company’s stock worth $451,000 after buying an additional 2,075 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Gentherm during the 4th quarter worth approximately $549,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

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About Gentherm

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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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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