Gentherm (NASDAQ:THRM) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Gentherm (NASDAQ:THRM) announced its quarterly earnings results on Wednesday. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09, Briefing.com reports. The firm 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 14.36%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. Gentherm updated its FY 2024 guidance to EPS.

Gentherm Trading Up 3.1 %

THRM traded up $1.32 on Friday, hitting $43.27. The company had a trading volume of 309,281 shares, compared to its average volume of 184,835. The firm has a market cap of $1.36 billion, a P/E ratio of 20.22 and a beta of 1.43. Gentherm has a 1 year low of $39.86 and a 1 year high of $62.93. The company’s fifty day moving average price is $45.23 and its 200 day moving average price is $48.89. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Craig Hallum decreased their price objective on Gentherm from $85.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 price objective for the company in a report on Monday, October 21st. Finally, Robert W. Baird reduced 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average price target of $57.00.

Insider Activity at Gentherm

In other 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 transaction of $220,980.40. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $7,395,313.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.91% of the stock is owned by 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.