Q2 2018 EPS Estimates for Gentherm Inc (THRM) Decreased by Analyst

Saturday, June 30 2018

Q2 2018 EPS Estimates for Gentherm Inc (THRM) Decreased by Analyst

Posted by Susan Goodwin on Jun 30th, 2018 // No Comments
Gentherm Inc (NASDAQ:THRM) – Barrington Research reduced their Q2 2018 earnings per share estimates for Gentherm in a note issued to investors on Tuesday, June 26th. Barrington Research analyst G. Prestopino now anticipates that the auto parts company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.57. Barrington Research currently has a “Outperform” rating and a $50.00 target price on the stock. Barrington Research also issued estimates for Gentherm’s FY2018 earnings at $2.19 EPS, Q1 2019 earnings at $0.58 EPS and Q4 2019 earnings at $0.84 EPS. Get Gentherm alerts:
Several other equities research analysts have also recently commented on THRM. Roth Capital boosted their price target on Gentherm from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday. B. Riley boosted their price target on Gentherm from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Buckingham Research lowered their price target on Gentherm from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, May 1st. BidaskClub cut Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, May 25th. Finally, Longbow Research set a $26.00 price target on Gentherm and gave the company a “sell” rating in a research note on Sunday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Gentherm currently has an average rating of “Hold” and a consensus price target of $39.83. Shares of Gentherm opened at $39.30 on Thursday, according to Marketbeat . The company has a market capitalization of $1.41 billion, a P/E ratio of 17.01, a PEG ratio of 0.68 and a beta of 1.68. Gentherm has a 52 week low of $29.50 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.71 and a quick ratio of 1.98.
Gentherm (NASDAQ:THRM) last released its earnings results on Thursday, April 26th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.10). Gentherm had a net margin of 2.28% and a return on equity of 9.98%. The business had revenue of $261.88 million for the quarter, compared to analysts’ expectations of $268.85 million. During the same period last year, the firm earned $0.77 EPS. The company’s revenue was up 5.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Gentherm in the 1st quarter worth approximately $112,000. Profund Advisors LLC acquired a new stake in Gentherm in the 1st quarter worth approximately $227,000. BancorpSouth Bank acquired a new stake in Gentherm in the 4th quarter worth approximately $228,000. Jefferies Group LLC acquired a new stake in Gentherm in the 4th quarter worth approximately $254,000. Finally, Palouse Capital Management Inc. acquired a new stake in Gentherm in the 1st quarter worth approximately $276,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.
In related news, VP Ryan Wesley Gaul sold 900 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $34.68, for a total value of $31,212.00. Following the completion of the sale, the vice president now directly owns 28,433 shares in the company, valued at approximately $986,056.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . 2.30% of the stock is currently owned by insiders.
About Gentherm
Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units. Receive News & Ratings for Gentherm analysts' ratings for Gentherm and related companies daily email newsletter .