Gentherm Inc (NASDAQ:THRM) – Investment analysts at Barrington Research decreased their FY2019 earnings estimates for Gentherm in a research note issued to investors on Monday, January 6th, according to Zacks Investment Research. Barrington Research analyst G. Prestopino now forecasts that the auto parts company will earn $2.05 per share for the year, down from their previous forecast of $2.23. Barrington Research has a “Buy” rating and a $50.00 price objective on the stock. Barrington Research also issued estimates for Gentherm’s Q4 2019 earnings at $0.35 EPS, Q3 2020 earnings at $0.71 EPS and Q4 2020 earnings at $0.57 EPS.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.16. The business had revenue of $240.06 million during the quarter, compared to the consensus estimate of $250.14 million. Gentherm had a return on equity of 15.78% and a net margin of 3.99%. Gentherm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share.
Other research analysts also recently issued research reports about the company. TheStreet raised Gentherm from a “c+” rating to a “b+” rating in a research note on Tuesday, October 29th. Zacks Investment Research raised Gentherm from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Friday, January 10th. BidaskClub raised Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday. Roth Capital began coverage on Gentherm in a research note on Monday, December 9th. They set a “buy” rating and a $50.00 target price for the company. Finally, ValuEngine downgraded Gentherm from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Gentherm presently has an average rating of “Buy” and an average price target of $46.20.
Shares of NASDAQ THRM opened at $46.82 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.46 and a beta of 1.31. Gentherm has a 12 month low of $35.63 and a 12 month high of $46.95. The stock has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $41.41.
In other news, VP Paul Cameron Giberson sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $42.78, for a total value of $256,680.00. Following the completion of the transaction, the vice president now owns 11,865 shares of the company’s stock, valued at $507,584.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new stake in Gentherm in the third quarter valued at approximately $167,000. BB&T Securities LLC bought a new stake in Gentherm in the second quarter valued at approximately $203,000. Equitable Trust Co. bought a new stake in Gentherm in the second quarter valued at approximately $209,000. Toth Financial Advisory Corp bought a new stake in Gentherm in the third quarter valued at approximately $212,000. Finally, Advisors Capital Management LLC bought a new stake in Gentherm in the second quarter valued at approximately $219,000.
Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.
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