Analysts Anticipate Gentherm Incorporated (NASDAQ:THRM) Will Announce Quarterly Sales of $258.19 Million

Brokerages expect Gentherm Incorporated (NASDAQ:THRMGet Rating) to announce $258.19 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Gentherm’s earnings. The lowest sales estimate is $253.91 million and the highest is $262.40 million. Gentherm reported sales of $288.54 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The business is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Gentherm will report full year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.16 billion. For the next fiscal year, analysts expect that the company will report sales of $1.34 billion, with estimates ranging from $1.33 billion to $1.36 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Gentherm.

Gentherm (NASDAQ:THRMGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The auto parts company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.27. The company had revenue of $248.23 million for the quarter, compared to the consensus estimate of $241.34 million. Gentherm had a net margin of 8.93% and a return on equity of 15.70%. The firm’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period last year, the company posted $1.16 EPS.

A number of brokerages recently issued reports on THRM. StockNews.com began coverage on shares of Gentherm in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of Gentherm from a “buy” rating to a “hold” rating in a report on Tuesday, February 22nd. Finally, Robert W. Baird raised their price target on shares of Gentherm from $94.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, January 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Gentherm presently has a consensus rating of “Buy” and an average price target of $100.67.

Several large investors have recently added to or reduced their stakes in THRM. Morgan Stanley increased its stake in shares of Gentherm by 55.0% in the 2nd quarter. Morgan Stanley now owns 229,640 shares of the auto parts company’s stock valued at $16,316,000 after acquiring an additional 81,458 shares in the last quarter. New York State Teachers Retirement System grew its position in Gentherm by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 31,096 shares of the auto parts company’s stock valued at $2,517,000 after purchasing an additional 300 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Gentherm in the 3rd quarter valued at $1,070,000. Nordea Investment Management AB grew its position in Gentherm by 97.9% in the 3rd quarter. Nordea Investment Management AB now owns 251,122 shares of the auto parts company’s stock valued at $20,684,000 after purchasing an additional 124,238 shares during the period. Finally, SG Americas Securities LLC grew its position in Gentherm by 2,282.7% in the 3rd quarter. SG Americas Securities LLC now owns 40,125 shares of the auto parts company’s stock valued at $3,247,000 after purchasing an additional 38,441 shares during the period. Institutional investors own 98.71% of the company’s stock.

Shares of NASDAQ THRM opened at $70.35 on Wednesday. The company has a 50 day simple moving average of $75.75 and a 200 day simple moving average of $82.57. The firm has a market cap of $2.32 billion, a PE ratio of 25.13 and a beta of 1.24. Gentherm has a 1 year low of $61.15 and a 1 year high of $99.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.66 and a quick ratio of 1.91.

Gentherm Company Profile (Get Rating)

Gentherm Incorporated designs, develops, manufactures, and markets thermal management technologies. 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 that utilize proprietary electronics technology and software; and other climate comfort systems, including neck conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.

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