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

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

Gentherm Stock Down 1.3 %

Shares of THRM traded down $0.55 on Thursday, reaching $41.65. The company’s stock had a trading volume of 136,294 shares, compared to its average volume of 183,149. The firm has a fifty day moving average of $45.51 and a 200-day moving average of $49.00. Gentherm has a twelve month low of $38.21 and a twelve month high of $62.93. The stock has a market capitalization of $1.32 billion, a PE ratio of 28.49 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.46 and a debt-to-equity ratio of 0.35.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on THRM. StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Robert W. Baird decreased their price objective on Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday. Craig Hallum lowered their target price on shares of Gentherm from $85.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gentherm has an average rating of “Hold” and an average price target of $57.00.

Insiders Place Their Bets

In related news, CEO Phillip Eyler sold 4,402 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $50.20, for a total value of $220,980.40. Following the sale, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,395,313.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.91% of the stock is currently owned by insiders.

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.