Equities analysts predict that Gentherm Inc (NASDAQ:THRM) will report $267.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Gentherm’s earnings, with estimates ranging from $259.40 million to $280.46 million. Gentherm posted sales of $243.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The company is scheduled to announce its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Gentherm will report full year sales of $1.08 billion for the current year, with estimates ranging from $1.06 billion to $1.08 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.16 billion per share, with estimates ranging from $1.15 billion to $1.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Gentherm.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.10). Gentherm had a return on equity of 9.98% and a net margin of 2.28%. The business had revenue of $261.88 million during the quarter, compared to analyst estimates of $268.85 million. During the same period in the previous year, the company earned $0.77 EPS. Gentherm’s revenue was up 5.0% on a year-over-year basis.
In other Gentherm news, VP Ryan Wesley Gaul sold 900 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $34.68, for a total transaction of $31,212.00. Following the transaction, the vice president now directly owns 28,433 shares in the company, valued at approximately $986,056.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Gentherm by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 281,155 shares of the auto parts company’s stock valued at $9,545,000 after acquiring an additional 6,666 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in Gentherm during the 1st quarter valued at $333,000. Barclays PLC boosted its stake in Gentherm by 7.9% during the 1st quarter. Barclays PLC now owns 22,189 shares of the auto parts company’s stock valued at $753,000 after acquiring an additional 1,625 shares during the last quarter. Global Alpha Capital Management Ltd. boosted its stake in Gentherm by 18.4% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 275,379 shares of the auto parts company’s stock valued at $9,349,000 after acquiring an additional 42,800 shares during the last quarter. Finally, Hawk Ridge Capital Management LP boosted its stake in Gentherm by 123.4% during the 1st quarter. Hawk Ridge Capital Management LP now owns 371,075 shares of the auto parts company’s stock valued at $12,598,000 after acquiring an additional 205,000 shares during the last quarter. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Shares of Gentherm traded down $0.15, hitting $37.15, during trading hours on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 231,500 shares, compared to its average volume of 206,967. Gentherm has a 1-year low of $29.50 and a 1-year high of $40.80. The firm has a market capitalization of $1.37 billion, a P/E ratio of 16.21, a PEG ratio of 0.64 and a beta of 1.68. The company has a quick ratio of 1.98, a current ratio of 2.71 and a debt-to-equity ratio of 0.17.
Gentherm Company Profile
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.
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