Research Analysts Set Expectations for Gentherm Incorporated’s Q3 2024 Earnings (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM) – Research analysts at Seaport Res Ptn decreased their Q3 2024 earnings estimates for shares of Gentherm in a research note issued on Thursday, August 1st. Seaport Res Ptn analyst G. Chin now forecasts that the auto parts company will post earnings per share of $0.66 for the quarter, down from their prior forecast of $0.74. The consensus estimate for Gentherm’s current full-year earnings is $2.89 per share. Seaport Res Ptn also issued estimates for Gentherm’s Q4 2024 earnings at $0.84 EPS.

A number of other research firms have also commented on THRM. Robert W. Baird lowered their price target on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, July 12th. JPMorgan Chase & Co. lowered their price objective on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com cut Gentherm from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.50.

Gentherm Stock Performance

Shares of THRM stock opened at $50.17 on Monday. The company has a market capitalization of $1.59 billion, a P/E ratio of 34.36 and a beta of 1.45. Gentherm has a fifty-two week low of $38.21 and a fifty-two week high of $65.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.44 and a current ratio of 2.11. The stock has a 50 day moving average price of $51.23 and a two-hundred day moving average price of $51.90.

Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. Gentherm had a return on equity of 14.03% and a net margin of 4.61%. The firm had revenue of $375.70 million for the quarter, compared to the consensus estimate of $375.82 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis.

Insider Activity at Gentherm

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.40, for a total value of $756,000.00. Following the completion of the transaction, the chief executive officer now directly owns 147,317 shares in the company, valued at approximately $7,424,776.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC boosted its position in shares of Gentherm by 86.1% during the first quarter. Headlands Technologies LLC now owns 523 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 242 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Gentherm by 211.4% in the 4th 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 during the period. TFO Wealth Partners LLC grew its position in shares of Gentherm by 44,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,766 shares of the auto parts company’s stock worth $92,000 after buying an additional 1,762 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Gentherm by 9.2% in the 4th quarter. Handelsbanken Fonder AB now owns 5,916 shares of the auto parts company’s stock worth $310,000 after acquiring an additional 500 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Gentherm by 30.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,011 shares of the auto parts company’s stock valued at $315,000 after acquiring an additional 1,399 shares during the period. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Gentherm Company Profile

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.