Gentherm (THRM) to Release Quarterly Earnings on Wednesday

Gentherm (NASDAQ:THRM - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Gentherm has set its FY 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Gentherm (NASDAQ:THRM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.04. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The firm had revenue of $375.70 million for the quarter, compared to analysts' expectations of $375.82 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Gentherm's revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect Gentherm to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Gentherm Stock Performance

Shares of NASDAQ THRM traded down $0.01 during trading on Wednesday, reaching $40.30. The stock had a trading volume of 297,383 shares, compared to its average volume of 180,934. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The stock has a market cap of $1.28 billion, a PE ratio of 27.61 and a beta of 1.43. Gentherm has a one year low of $38.21 and a one year high of $62.93. The firm's 50 day moving average price is $46.68 and its two-hundred day moving average price is $49.51.

Analysts Set New Price Targets

A number of brokerages recently commented on THRM. StockNews.com upgraded Gentherm from a "hold" rating to a "buy" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised shares of Gentherm from an "underweight" rating to a "neutral" rating and set a $56.00 price objective on the stock in a report on Monday. Finally, Robert W. Baird reduced their target price on shares of Gentherm from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Gentherm has a consensus rating of "Hold" and an average price target of $62.00.

Insider Activity

In related news, CEO Phillip Eyler sold 15,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $50.03, for a total value of $750,450.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,370,269.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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.