Gentherm Inc (NASDAQ:THRM – Get Free Report) declared a special dividend on Thursday, September 17th. Stockholders of record on Monday, September 28th will be given a dividend of 1.90 per share by the auto parts company on Wednesday, October 7th. The ex-dividend date is Monday, September 28th.
Gentherm Price Performance
Shares of THRM opened at $36.35 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 41.78, a P/E/G ratio of 0.86 and a beta of 1.34. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $39.95 and a two-hundred day simple moving average of $34.56. Gentherm has a 1-year low of $27.00 and a 1-year high of $48.35.
Gentherm (NASDAQ:THRM – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.19. The firm had revenue of $416.17 million for the quarter, compared to analysts’ expectations of $382.90 million. Gentherm had a return on equity of 12.06% and a net margin of 1.68%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities analysts anticipate that Gentherm will post 2.92 EPS for the current year.
Trending Headlines about Gentherm
- Positive Sentiment: Gentherm declared an estimated $58.3 million special cash dividend, or $1.90 per share. Shareholders of record on September 28 are expected to receive payment on October 7, provided the Modine transaction closes. Gentherm Declares Special Cash Dividend Payable After Completion of Modine Deal
- Positive Sentiment: The companies set September 28 as the record date for Modine’s Performance Technologies spin-off, with the spin-off and merger targeted for October 1. Gentherm shareholders are expected to own approximately 56.4% of the combined company, potentially giving them a controlling economic interest in the expanded business. Gentherm and Modine Transaction Announcement
- Positive Sentiment: JPMorgan reportedly upgraded Gentherm’s stock rating, adding potential analyst support to the shares. Gentherm Stock Rating Upgraded by JPMorgan
- Neutral Sentiment: The transaction received a favorable IRS private-letter ruling and prior Gentherm shareholder approval, but additional closing requirements remain, including SpinCo financing, solvency approval and Nasdaq listing approval.
- Negative Sentiment: Gentherm expects to issue approximately 2.9 million additional shares to complete the merger. Although the exchange-ratio adjustment is intended to preserve the deal’s economics, the increased share count could raise dilution concerns and reduce per-share value.
- Negative Sentiment: The special dividend is conditional: it will not be paid if the merger fails or is delayed. The final dividend amount, exchange ratio and share issuance may also differ from current estimates, leaving investors exposed to transaction and timing risk. Gentherm to Issue Shares and Declare Dividend in Modine Deal
About Gentherm
Gentherm Inc (NASDAQ: THRM) develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company’s products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.
For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.
In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.
Featured Articles
- Five stocks we like better than Gentherm
- Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike
- MarketBeat Week in Review – 09/14 – 09/18
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
Receive News & Ratings for Gentherm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm and related companies with MarketBeat.com's FREE daily email newsletter.
