Gentherm (NASDAQ:THRM) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Gentherm (NASDAQ:THRM - Get Free Report) posted its quarterly earnings data on Wednesday. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09, Briefing.com reports. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. The company had revenue of $371.50 million for the quarter, compared to analysts' expectations of $372.89 million. During the same period in the prior year, the business earned $0.64 earnings per share. Gentherm's revenue for the quarter was up 1.4% compared to the same quarter last year. Gentherm updated its FY 2024 guidance to EPS.

Gentherm Trading Down 0.9 %

Shares of Gentherm stock traded down $0.39 on Thursday, hitting $41.81. The stock had a trading volume of 80,524 shares, compared to its average volume of 182,884. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. Gentherm has a one year low of $38.21 and a one year high of $62.93. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 28.49 and a beta of 1.43. The stock's 50-day simple moving average is $45.51 and its two-hundred day simple moving average is $49.00.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Gentherm

In other news, CEO Phillip Eyler sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total value of $750,450.00. Following the transaction, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,370,269.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.91% of the company's stock.

About Gentherm

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.

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