Analysts Expect Gentherm Inc (NASDAQ:THRM) Will Announce Quarterly Sales of $247.02 Million

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Brokerages predict that Gentherm Inc (NASDAQ:THRM) will announce sales of $247.02 million for the current quarter, according to Zacks. Three analysts have made estimates for Gentherm’s earnings. The lowest sales estimate is $235.63 million and the highest is $259.30 million. Gentherm posted sales of $258.94 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.6%. The company is expected to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Gentherm will report full year sales of $982.32 million for the current financial year, with estimates ranging from $970.24 million to $1.00 billion. For the next financial year, analysts expect that the company will post sales of $1.03 billion, with estimates ranging from $996.72 million to $1.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Gentherm.

Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $243.33 million for the quarter, compared to analyst estimates of $254.53 million. Gentherm had a return on equity of 14.49% and a net margin of 2.31%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 earnings per share.

THRM has been the topic of a number of analyst reports. TheStreet lowered shares of Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, July 25th. BidaskClub lowered shares of Gentherm from a “hold” rating to a “sell” rating in a research report on Saturday, August 17th. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. ValuEngine raised shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $43.67.

NASDAQ THRM traded down $0.27 during mid-day trading on Tuesday, reaching $36.00. 2,854 shares of the stock were exchanged, compared to its average volume of 165,903. Gentherm has a 1-year low of $36.06 and a 1-year high of $50.30. The business’s fifty day simple moving average is $38.98 and its 200 day simple moving average is $39.87. The stock has a market capitalization of $1.19 billion, a PE ratio of 16.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.65 and a current ratio of 2.34.

In related news, insider Frithjof Oldorff sold 10,230 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were 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 approximately $1,404,896.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth John Phillips sold 3,577 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $42.38, for a total transaction of $151,593.26. Following the sale, the vice president now directly owns 17,069 shares of the company’s stock, valued at $723,384.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,152 shares of company stock worth $601,489. 1.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THRM. JPMorgan Chase & Co. grew its holdings in Gentherm by 2,342.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 380,573 shares of the auto parts company’s stock valued at $15,774,000 after purchasing an additional 364,991 shares in the last quarter. Norges Bank acquired a new position in Gentherm during the 4th quarter worth $9,992,000. UBS Group AG grew its holdings in Gentherm by 178.1% during the 2nd quarter. UBS Group AG now owns 332,030 shares of the auto parts company’s stock worth $13,889,000 after acquiring an additional 212,618 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Gentherm during the 2nd quarter worth $6,228,000. Finally, Westwood Holdings Group Inc. grew its holdings in Gentherm by 48.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 441,659 shares of the auto parts company’s stock worth $16,280,000 after acquiring an additional 143,973 shares in 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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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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