FY2024 Earnings Forecast for Gentherm Issued By Roth Capital

Gentherm Incorporated (NASDAQ:THRM) – Stock analysts at Roth Capital decreased their FY2024 EPS estimates for shares of Gentherm in a research report issued to clients and investors on Wednesday, October 30th. Roth Capital analyst M. Koranda now expects that the auto parts company will post earnings of $2.70 per share for the year, down from their previous 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.

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Craig Hallum reduced their price target on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Monday, October 21st. Finally, Robert W. Baird reduced their price objective on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company 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 stock. According to MarketBeat, Gentherm currently has a consensus rating of “Hold” and an average price target of $57.00.

Gentherm Trading Up 3.1 %

NASDAQ:THRM opened at $43.27 on Friday. Gentherm has a one year low of $39.86 and a one year high of $62.93. 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 firm has a market cap of $1.36 billion, a P/E ratio of 20.22 and a beta of 1.43. The firm has a 50-day simple moving average of $45.37 and a 200-day simple moving average of $48.95.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data 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. The company had revenue of $371.50 million during 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 firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS.

Institutional Trading of Gentherm

Large investors have recently made changes to their positions in the business. Van Berkom & Associates Inc. boosted its holdings in Gentherm by 1.5% during the second 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 in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings 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 worth $56,551,000 after buying an additional 8,049 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $56,539,000 after buying an additional 37,365 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Gentherm by 1.1% during 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 buying an additional 10,402 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its holdings in Gentherm by 13.1% during the first quarter. Global Alpha Capital Management Ltd. now owns 362,073 shares of the auto parts company’s stock worth $20,848,000 after buying an additional 41,900 shares in the last quarter. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Phillip Eyler sold 4,402 shares of the business’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 transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.91% of the stock is currently owned by company insiders.

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.