Q3 2019 EPS Estimates for Gentherm Inc (NASDAQ:THRM) Cut by Analyst

Gentherm Inc (NASDAQ:THRM) – Research analysts at B. Riley lowered their Q3 2019 earnings estimates for Gentherm in a report released on Wednesday, May 1st, Zacks Investment Research reports. B. Riley analyst C. Horn now anticipates that the auto parts company will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.60. B. Riley also issued estimates for Gentherm’s Q4 2019 earnings at $0.60 EPS, Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.70 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.73 EPS, FY2020 earnings at $2.88 EPS and FY2021 earnings at $3.65 EPS.

THRM has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. BidaskClub upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Barrington Research reiterated a “buy” rating and issued a $50.00 price target on shares of Gentherm in a research report on Tuesday, February 19th. Finally, Longbow Research set a $32.00 target price on shares of Gentherm and gave the stock a “sell” rating in a research report on Friday, February 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Gentherm currently has an average rating of “Hold” and a consensus price target of $45.22.

Shares of THRM traded down $0.42 during mid-day trading on Thursday, reaching $39.74. The stock had a trading volume of 193,300 shares, compared to its average volume of 218,573. The firm has a market cap of $1.36 billion, a P/E ratio of 18.75 and a beta of 1.32. Gentherm has a 12 month low of $34.30 and a 12 month high of $50.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.42 and a quick ratio of 1.74.

Gentherm (NASDAQ:THRM) last announced its earnings results on Tuesday, April 30th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.12. The company 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 firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc raised its stake in Gentherm by 1.9% during the third quarter. Vanguard Group Inc now owns 3,595,329 shares of the auto parts company’s stock valued at $163,408,000 after purchasing an additional 66,085 shares in the last quarter. Vanguard Group Inc. raised its stake in Gentherm by 1.9% during the third quarter. Vanguard Group Inc. now owns 3,595,329 shares of the auto parts company’s stock valued at $163,408,000 after purchasing an additional 66,085 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gentherm by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,627,206 shares of the auto parts company’s stock valued at $59,980,000 after purchasing an additional 12,679 shares in the last quarter. Trigran Investments Inc. raised its stake in Gentherm by 4.0% during the fourth quarter. Trigran Investments Inc. now owns 1,141,413 shares of the auto parts company’s stock valued at $45,634,000 after purchasing an additional 43,970 shares in the last quarter. Finally, Pembroke Management LTD raised its stake in Gentherm by 15.6% during the first quarter. Pembroke Management LTD now owns 514,747 shares of the auto parts company’s stock valued at $18,974,000 after purchasing an additional 69,575 shares in the last quarter.

In related news, VP Kenneth John Phillips sold 11,222 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $41.78, for a total transaction of $468,855.16. Following the completion of the transaction, the vice president now owns 18,455 shares in the company, valued at $771,049.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

About Gentherm

Gentherm Incorporated designs, develops, and manufactures thermal management technologies. The company operates through two segments, Automotive and Industrial. The Automotive segment offers climate comfort system solutions, including seat heaters; variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; integrated electronic components, such as blowers and electronic control units; and steering wheel heaters, neck climate control systems, and surface climate control systems for doors, armrests, cupholders, and storage products.

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