Gentherm (NASDAQ:THRM) Issues Earnings Results

Gentherm (NASDAQ:THRM) announced its earnings results on Wednesday. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04, Briefing.com reports. The company had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $375.82 million. Gentherm had a net margin of 4.61% and a return on equity of 14.03%. Gentherm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Gentherm updated its FY 2024 guidance to EPS.

Gentherm Price Performance

THRM stock traded down $2.27 during midday trading on Friday, reaching $51.83. The company had a trading volume of 153,957 shares, compared to its average volume of 162,785. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 35.50 and a beta of 1.45. The stock has a 50 day moving average price of $51.23 and a 200-day moving average price of $51.81. Gentherm has a 1-year low of $38.21 and a 1-year high of $65.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.44.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on THRM shares. StockNews.com cut shares of Gentherm from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on shares of Gentherm from $60.00 to $56.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Finally, Robert W. Baird reduced their target price on shares of Gentherm from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Gentherm has a consensus rating of “Hold” and a consensus target price of $63.50.

Insiders Place Their Bets

In other Gentherm news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $50.40, for a total transaction of $756,000.00. Following the completion of the transaction, the chief executive officer now owns 147,317 shares of the company’s stock, valued at $7,424,776.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 45,000 shares of company stock valued at $2,338,650. 1.91% of the stock is currently owned by corporate insiders.

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.