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

Gentherm Inc (NASDAQ:THRM) – Analysts at B. Riley cut their Q3 2019 EPS estimates for Gentherm in a research report issued on Wednesday, October 16th. B. Riley analyst C. Horn now forecasts that the auto parts company will earn $0.54 per share for the quarter, down from their previous forecast of $0.59.

Other equities analysts also recently issued research reports about the stock. Argus downgraded shares of Gentherm from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. BidaskClub upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. TheStreet downgraded shares of Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. One 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.00.

THRM opened at $42.62 on Monday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.56 and a beta of 1.28. The company has a quick ratio of 1.65, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $40.67 and a 200-day moving average price of $40.01. Gentherm has a twelve month low of $35.63 and a twelve month high of $47.30.

Gentherm (NASDAQ:THRM) last posted 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). The business had revenue of $243.33 million during the quarter, compared to analysts’ expectations of $254.53 million. Gentherm had a return on equity of 14.49% and a net margin of 2.31%. Gentherm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS.

Several hedge funds have recently added to or reduced their stakes in THRM. Bridge City Capital LLC increased its stake in shares of Gentherm by 27.7% in the third quarter. Bridge City Capital LLC now owns 57,238 shares of the auto parts company’s stock worth $2,352,000 after buying an additional 12,400 shares during the period. Boston Trust Walden Corp increased its stake in shares of Gentherm by 0.9% in the third quarter. Boston Trust Walden Corp now owns 262,676 shares of the auto parts company’s stock worth $10,792,000 after buying an additional 2,277 shares during the period. Zeke Capital Advisors LLC increased its stake in shares of Gentherm by 51.8% in the third quarter. Zeke Capital Advisors LLC now owns 30,066 shares of the auto parts company’s stock worth $1,235,000 after buying an additional 10,255 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Gentherm in the third quarter worth $167,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of Gentherm in the third quarter worth $212,000.

Gentherm Company Profile

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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