Equities Analysts Set Expectations for Gentherm Inc’s Q3 2019 Earnings (NASDAQ:THRM)

Gentherm Inc (NASDAQ:THRM) – B. Riley lowered their Q3 2019 EPS estimates for shares of Gentherm in a note issued to investors on Wednesday, October 16th. B. Riley analyst C. Horn now expects that the auto parts company will post earnings of $0.54 per share for the quarter, down from their prior forecast of $0.59.

Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Gentherm had a return on equity of 14.49% and a net margin of 2.31%. The business had revenue of $243.33 million for the quarter, compared to the consensus estimate of $254.53 million. During the same quarter last year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year.

Several other analysts also recently weighed in on the company. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. ValuEngine upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. TheStreet lowered Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. Finally, BidaskClub upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.00.

NASDAQ:THRM opened at $42.62 on Monday. Gentherm has a twelve month low of $35.63 and a twelve month high of $47.30. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The stock has a fifty day simple moving average of $40.67 and a 200-day simple moving average of $40.01. The company has a current ratio of 2.34, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22.

Several institutional investors have recently made changes to their positions in the company. Zions Bancorporation N.A. lifted its stake in shares of Gentherm by 6.5% in the second quarter. Zions Bancorporation N.A. now owns 4,553 shares of the auto parts company’s stock valued at $190,000 after buying an additional 276 shares in the last quarter. Mackey Komara & Dankovich LLC lifted its stake in shares of Gentherm by 17.3% in the second quarter. Mackey Komara & Dankovich LLC now owns 19,414 shares of the auto parts company’s stock valued at $812,000 after buying an additional 2,857 shares in the last quarter. HGK Asset Management Inc. lifted its stake in shares of Gentherm by 13.6% in the second quarter. HGK Asset Management Inc. now owns 11,319 shares of the auto parts company’s stock valued at $473,000 after buying an additional 1,357 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Gentherm in the second quarter valued at $146,000. Finally, Pembroke Management LTD lifted its stake in shares of Gentherm by 1.1% in the second quarter. Pembroke Management LTD now owns 520,452 shares of the auto parts company’s stock valued at $21,771,000 after buying an additional 5,705 shares in the last quarter.

About Gentherm

Gentherm, Inc engages in the design, development, manufacture, and marketing of heating, cooling, and ventilating devices. It operates through the following business segments: Automotive and Industrial.. The Automotive segment designs, develops, produces, and sells automotive seat comfort systems, specialized automotive cable systems, and automotive and non-automotive thermal convenience products.

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Earnings History and Estimates for Gentherm (NASDAQ:THRM)

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