Gentherm (NASDAQ:THRM – Get Free Report) announced its quarterly earnings data 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 company had revenue of $371.50 million for the quarter, compared to the consensus estimate of $372.89 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. Gentherm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 EPS. Gentherm updated its FY 2024 guidance to EPS.
Gentherm Trading Down 1.3 %
NASDAQ:THRM traded down $0.55 on Thursday, reaching $41.65. 136,294 shares of the company’s stock were exchanged, compared to its average volume of 183,149. The business has a fifty day moving average of $45.51 and a 200-day moving average of $49.00. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.49 and a beta of 1.43. The company has a quick ratio of 1.46, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. Gentherm has a 52-week low of $38.21 and a 52-week high of $62.93.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Robert W. Baird dropped their target price on shares of Gentherm from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. raised Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday, October 21st. 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. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. 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.com, Gentherm has a consensus rating of “Hold” and a consensus price target of $57.00.
Insider Buying and Selling at Gentherm
In related news, CEO Phillip Eyler sold 4,402 shares of the firm’s 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 sale, the chief executive officer now owns 147,317 shares in the company, valued at $7,395,313.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.91% of the stock is 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.
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