FY2024 Earnings Forecast for Gentherm Issued By Roth Capital

Gentherm Incorporated (NASDAQ:THRM - Free Report) - Research analysts at Roth Capital reduced their FY2024 earnings estimates for Gentherm in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst M. Koranda now forecasts that the auto parts company will post earnings per share of $2.70 for the year, down from their prior forecast of $2.73. The consensus estimate for Gentherm's current full-year earnings is $2.75 per share. Roth Capital also issued estimates for Gentherm's Q4 2024 earnings at $0.66 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.83 EPS and Q4 2025 earnings at $0.80 EPS.

Several other equities analysts have also commented on the stock. Robert W. Baird reduced their target price on shares of Gentherm from $54.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. raised Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective on the stock in a research note on Monday, October 21st. StockNews.com raised Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Finally, Craig Hallum reduced their price target on Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Gentherm currently has a consensus rating of "Hold" and an average price target of $57.00.

Gentherm Price Performance

THRM traded up $1.10 during trading on Friday, reaching $43.05. The stock had a trading volume of 189,272 shares, compared to its average volume of 184,172. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.46 and a current ratio of 2.02. The business has a 50-day moving average of $45.37 and a 200-day moving average of $48.95. Gentherm has a one year low of $39.86 and a one year high of $62.93. The stock has a market cap of $1.35 billion, a PE ratio of 19.60 and a beta of 1.43.

Gentherm (NASDAQ:THRM - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $371.50 million for the quarter, compared to analysts' expectations of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.36%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share.

Insider Buying and Selling at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of Gentherm stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at approximately $7,395,313.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gentherm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC lifted its holdings in Gentherm by 86.1% in the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 242 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of Gentherm in the second quarter worth approximately $92,000. Hennion & Walsh Asset Management Inc. bought a new stake in Gentherm during the third quarter valued at approximately $208,000. Hsbc Holdings PLC increased its holdings in Gentherm by 3.5% during the second quarter. Hsbc Holdings PLC now owns 6,834 shares of the auto parts company's stock valued at $337,000 after buying an additional 229 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Gentherm in the first quarter worth approximately $347,000. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.