Gentherm (THRM) to Release Quarterly Earnings on Wednesday

Gentherm (NASDAQ:THRMGet Rating) is set to announce its earnings results before the market opens on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Gentherm has set its FY 2022 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Gentherm (NASDAQ:THRMGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.27. Gentherm had a return on equity of 15.70% and a net margin of 8.93%. The firm had revenue of $248.23 million for the quarter, compared to the consensus estimate of $241.34 million. During the same quarter in the prior year, the business earned $1.16 EPS. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, analysts expect Gentherm to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ:THRM opened at $65.47 on Wednesday. The stock’s fifty day moving average price is $73.80 and its two-hundred day moving average price is $82.01. Gentherm has a 52-week low of $61.15 and a 52-week high of $99.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.91 and a current ratio of 2.66. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 23.38 and a beta of 1.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Gentherm by 1.8% in the 4th quarter. BlackRock Inc. now owns 5,060,873 shares of the auto parts company’s stock worth $439,790,000 after purchasing an additional 87,417 shares during the period. Morgan Stanley boosted its stake in shares of Gentherm by 55.0% during the 2nd quarter. Morgan Stanley now owns 229,640 shares of the auto parts company’s stock worth $16,316,000 after buying an additional 81,458 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Gentherm by 309.6% during the 4th quarter. Marshall Wace LLP now owns 37,944 shares of the auto parts company’s stock worth $3,298,000 after buying an additional 28,681 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Gentherm by 53.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 66,885 shares of the auto parts company’s stock worth $5,812,000 after buying an additional 23,209 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Gentherm by 5.4% during the 4th quarter. Legal & General Group Plc now owns 96,966 shares of the auto parts company’s stock worth $8,427,000 after buying an additional 4,993 shares during the last quarter. Institutional investors and hedge funds own 98.71% of the company’s stock.

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

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.

See Also

Earnings History for Gentherm (NASDAQ:THRM)

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