Q3 2022 Earnings Estimate for Gentherm Incorporated (NASDAQ:THRM) Issued By Seaport Res Ptn

Gentherm Incorporated (NASDAQ:THRMGet Rating) – Equities researchers at Seaport Res Ptn reduced their Q3 2022 earnings per share estimates for Gentherm in a note issued to investors on Wednesday, August 3rd. Seaport Res Ptn analyst G. Chin now expects that the auto parts company will earn $0.47 per share for the quarter, down from their previous forecast of $0.87. The consensus estimate for Gentherm’s current full-year earnings is $2.62 per share. Seaport Res Ptn also issued estimates for Gentherm’s Q4 2022 earnings at $0.61 EPS, FY2022 earnings at $1.75 EPS and FY2023 earnings at $3.21 EPS.

A number of other brokerages have also weighed in on THRM. TheStreet lowered Gentherm from a “b” rating to a “c+” rating in a research note on Friday, May 20th. Roth Capital restated a “buy” rating on shares of Gentherm in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.00.

Gentherm Price Performance

Shares of NASDAQ THRM opened at $60.67 on Friday. The firm has a market cap of $2.01 billion, a P/E ratio of 37.22 and a beta of 1.18. The company has a current ratio of 2.48, a quick ratio of 1.75 and a debt-to-equity ratio of 0.05. Gentherm has a 1-year low of $55.02 and a 1-year high of $99.00. The business’s 50 day moving average is $63.64 and its 200-day moving average is $71.37.

Gentherm (NASDAQ:THRMGet Rating) last announced its earnings results on Tuesday, August 2nd. The auto parts company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The firm had revenue of $260.70 million for the quarter, compared to the consensus estimate of $258.79 million. Gentherm had a return on equity of 9.13% and a net margin of 5.35%. Gentherm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS.

Institutional Investors Weigh In On Gentherm

A number of large investors have recently modified their holdings of THRM. Allspring Global Investments Holdings LLC acquired a new stake in shares of Gentherm in the 4th quarter valued at $3,143,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Gentherm by 2.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 32,842 shares of the auto parts company’s stock valued at $2,854,000 after purchasing an additional 820 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Gentherm in the 4th quarter valued at $2,670,000. Assenagon Asset Management S.A. boosted its holdings in shares of Gentherm by 97.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 35,713 shares of the auto parts company’s stock valued at $3,103,000 after acquiring an additional 17,668 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Gentherm by 35.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,130 shares of the auto parts company’s stock valued at $446,000 after acquiring an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 99.08% of the company’s stock.

Insiders Place Their Bets

In other Gentherm news, SVP Thomas Stocker sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $70.06, for a total transaction of $175,150.00. Following the transaction, the senior vice president now owns 9,410 shares in the company, valued at approximately $659,264.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.32% of the company’s stock.

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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