Gentherm Incorporated (NASDAQ:THRM) Expected to Post Q3 2024 Earnings of $0.66 Per Share

Gentherm Incorporated (NASDAQ:THRM) – Stock analysts at Seaport Res Ptn dropped their Q3 2024 EPS estimates for shares of Gentherm in a note issued to investors on Thursday, August 1st. Seaport Res Ptn analyst G. Chin now anticipates that the auto parts company will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.74. The consensus estimate for Gentherm’s current full-year earnings is $2.89 per share. Seaport Res Ptn also issued estimates for Gentherm’s Q4 2024 earnings at $0.84 EPS.

A number of other brokerages have also recently weighed in on THRM. StockNews.com cut shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird cut their target price on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. lowered their price target on Gentherm from $60.00 to $56.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and a consensus target price of $63.50.

Gentherm Stock Up 0.8 %

THRM opened at $50.17 on Monday. The firm has a market cap of $1.59 billion, a P/E ratio of 34.36 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.11. The business has a 50 day moving average price of $51.23 and a 200 day moving average price of $51.90. Gentherm has a twelve month low of $38.21 and a twelve month high of $65.18.

Gentherm (NASDAQ:THRM) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $375.82 million. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The business’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share.

Institutional Trading of Gentherm

A number of institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Gentherm by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 412,338 shares of the auto parts company’s stock valued at $21,590,000 after buying an additional 20,600 shares during the period. Global Alpha Capital Management Ltd. raised its position in Gentherm by 9.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 320,173 shares of the auto parts company’s stock worth $16,764,000 after purchasing an additional 28,200 shares in the last quarter. Mairs & Power Inc. raised its position in Gentherm by 9.3% in the fourth quarter. Mairs & Power Inc. now owns 395,006 shares of the auto parts company’s stock worth $20,683,000 after purchasing an additional 33,570 shares in the last quarter. Granahan Investment Management LLC lifted its stake in Gentherm by 61.2% during the fourth quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after purchasing an additional 156,842 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Gentherm in the 1st quarter valued at approximately $1,089,000. 97.13% of the stock is currently owned by institutional investors.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $54.04, for a total value of $810,600.00. Following the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,961,010.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.91% of the company’s stock.

Gentherm Company Profile

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.