Gentherm Inc (THRM) Expected to Post Quarterly Sales of $269.61 Million

Equities analysts forecast that Gentherm Inc (NASDAQ:THRM) will announce $269.61 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Gentherm’s earnings, with the lowest sales estimate coming in at $263.70 million and the highest estimate coming in at $275.65 million. Gentherm posted sales of $249.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The company is scheduled to report its next quarterly earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Gentherm will report full-year sales of $1.08 billion for the current financial year, with estimates ranging from $1.06 billion to $1.09 billion. For the next fiscal year, analysts expect that the company will report sales of $1.15 billion per share, with estimates ranging from $1.14 billion to $1.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gentherm.

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Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.08. Gentherm had a return on equity of 11.81% and a net margin of 3.57%. The company had revenue of $257.19 million for the quarter, compared to analyst estimates of $253.48 million. During the same quarter in the prior year, the firm posted $0.68 EPS. Gentherm’s quarterly revenue was up 8.7% compared to the same quarter last year.

Several analysts recently weighed in on the company. Barrington Research restated a “buy” rating and set a $43.00 price target on shares of Gentherm in a report on Monday, February 26th. BidaskClub upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a report on Saturday, February 24th. Susquehanna Bancshares set a $35.00 price target on Gentherm and gave the company a “hold” rating in a report on Wednesday, March 14th. Finally, BMO Capital Markets set a $40.00 price target on Gentherm and gave the company a “buy” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.56.

NASDAQ:THRM opened at $36.05 on Tuesday. Gentherm has a fifty-two week low of $29.50 and a fifty-two week high of $40.80. The firm has a market cap of $1,297.72, a P/E ratio of 20.64, a P/E/G ratio of 0.60 and a beta of 1.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.98 and a current ratio of 2.69.

A number of institutional investors have recently made changes to their positions in the business. Disciplined Growth Investors Inc. MN grew its position in Gentherm by 1.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 1,874,739 shares of the auto parts company’s stock valued at $59,523,000 after acquiring an additional 32,428 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Gentherm by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,496,159 shares of the auto parts company’s stock valued at $55,582,000 after acquiring an additional 25,861 shares during the last quarter. Wells Fargo & Company MN grew its position in Gentherm by 124.9% in the 4th quarter. Wells Fargo & Company MN now owns 538,996 shares of the auto parts company’s stock valued at $17,113,000 after acquiring an additional 299,351 shares during the last quarter. Rockefeller Financial Services Inc. grew its position in Gentherm by 12.7% in the 4th quarter. Rockefeller Financial Services Inc. now owns 528,503 shares of the auto parts company’s stock valued at $16,780,000 after acquiring an additional 59,366 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in Gentherm by 83.3% in the 4th quarter. Schroder Investment Management Group now owns 495,415 shares of the auto parts company’s stock valued at $15,729,000 after acquiring an additional 225,100 shares during the last quarter. 98.47% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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