FY2024 Earnings Forecast for Gentherm Issued By Roth Capital

Gentherm Incorporated (NASDAQ:THRM) – Research analysts at Roth Capital lowered their FY2024 earnings estimates for shares of Gentherm in a report released on Wednesday, October 30th. Roth Capital analyst M. Koranda now anticipates that the auto parts company will post earnings of $2.70 per share for the year, down from their prior estimate 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 brokerages have also commented on THRM. Craig Hallum lowered their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird dropped their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price for the company in a research note on Monday, October 21st. Finally, StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Gentherm presently has an average rating of “Hold” and a consensus target price of $57.00.

Gentherm Trading Up 3.1 %

NASDAQ THRM opened at $43.27 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 20.22 and a beta of 1.43. The stock’s 50 day moving average is $45.23 and its 200 day moving average is $48.87. Gentherm has a twelve month low of $39.86 and a twelve month high of $62.93. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.34.

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

Insider Transactions at Gentherm

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of THRM. Van Berkom & Associates Inc. raised its position in Gentherm by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,364,291 shares of the auto parts company’s stock worth $67,287,000 after buying an additional 20,371 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in Gentherm by 0.7% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,146,620 shares of the auto parts company’s stock valued at $56,551,000 after purchasing an additional 8,049 shares during the period. Dimensional Fund Advisors LP lifted its position in Gentherm by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,146,375 shares of the auto parts company’s stock valued at $56,539,000 after purchasing an additional 37,365 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Gentherm by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 951,798 shares of the auto parts company’s stock worth $46,943,000 after purchasing an additional 10,402 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in Gentherm by 13.1% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 362,073 shares of the auto parts company’s stock worth $20,848,000 after purchasing an additional 41,900 shares during the period. 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.