Media coverage about Gentherm (NASDAQ:THRM) has trended somewhat negative this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gentherm earned a media sentiment score of -0.16 on AlphaOne’s scale. AlphaOne also assigned media stories about the auto parts company an impact score of 96 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near future.
A number of analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $44.00 price target (up from $42.00) on shares of Gentherm in a research note on Wednesday, May 3rd. Barrington Research lifted their price target on shares of Gentherm from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, FBR & Co reiterated an “outperform” rating and issued a $45.00 price target on shares of Gentherm in a research note on Wednesday, May 31st. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.88.
Shares of Gentherm (THRM) traded down 2.58% during mid-day trading on Friday, reaching $37.80. 308,082 shares of the company traded hands. The firm has a 50-day moving average price of $37.95 and a 200 day moving average price of $35.97. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.43 and a beta of 1.89. Gentherm has a 52 week low of $26.60 and a 52 week high of $39.90.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.14. Gentherm had a return on equity of 19.53% and a net margin of 9.47%. The business had revenue of $249.30 million during the quarter, compared to analysts’ expectations of $240.57 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Gentherm will post $2.52 earnings per share for the current year.
In related news, VP Erin Erwine Ascher sold 1,800 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the transaction, the vice president now owns 23,839 shares of the company’s stock, valued at $933,773.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Darren Schumacher sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $37.59, for a total value of $563,850.00. Following the transaction, the insider now directly owns 47,881 shares in the company, valued at approximately $1,799,846.79. The disclosure for this sale can be found here. Insiders have sold 36,300 shares of company stock worth $1,370,286 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.
WARNING: “Somewhat Negative News Coverage Extremely Likely to Affect Gentherm (THRM) Stock Price” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/06/18/somewhat-critical-news-coverage-extremely-likely-to-impact-gentherm-thrm-share-price-updated.html.
Gentherm Company Profile
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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