Seaport Res Ptn Comments on Gentherm Incorporated’s Q2 2024 Earnings (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM) – Analysts at Seaport Res Ptn cut their Q2 2024 earnings per share estimates for Gentherm in a research note issued on Tuesday, April 30th. Seaport Res Ptn analyst G. Chin now forecasts that the auto parts company will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.68. The consensus estimate for Gentherm’s current full-year earnings is $2.93 per share. Seaport Res Ptn also issued estimates for Gentherm’s Q4 2024 earnings at $0.85 EPS, FY2024 earnings at $2.83 EPS and FY2025 earnings at $3.24 EPS.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.19. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. Gentherm had a return on equity of 13.56% and a net margin of 3.23%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.

Several other equities analysts have also weighed in on THRM. Robert W. Baird reduced their target price on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com upgraded Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.75.

Gentherm Trading Down 0.5 %

Shares of THRM stock opened at $51.23 on Thursday. Gentherm has a fifty-two week low of $38.21 and a fifty-two week high of $66.54. The firm’s 50 day moving average price is $54.04 and its two-hundred day moving average price is $50.47. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 35.09 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $8,127,478.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gentherm

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its position in shares of Gentherm by 211.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,149 shares of the auto parts company’s stock worth $60,000 after buying an additional 780 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in Gentherm by 44,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,762 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Gentherm by 14.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,123 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 276 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Gentherm during the 3rd quarter worth $207,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Gentherm in the 3rd quarter worth about $210,000. 97.13% of the stock is owned by institutional investors and hedge funds.

About Gentherm

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.