Gentherm (NASDAQ:THRM) Posts Earnings Results, Beats Expectations By $0.09 EPS

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

Gentherm Trading Down 0.6 %

Shares of THRM stock traded down $0.25 during trading hours on Thursday, reaching $41.95. The company's stock had a trading volume of 367,650 shares, compared to its average volume of 184,245. The company has a current ratio of 2.11, a quick ratio of 1.46 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 capitalization of $1.31 billion, a P/E ratio of 19.60 and a beta of 1.43. The firm's fifty day simple moving average is $45.51 and its 200 day simple moving average is $49.00.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the 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 $7,395,313.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on THRM shares. 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. Robert W. Baird lowered their price objective on Gentherm from $54.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday. StockNews.com raised Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. Finally, Craig Hallum decreased their target price on shares of Gentherm from $85.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $57.00.

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.