Roth Capital Comments on Gentherm Incorporated’s Q2 2024 Earnings (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM) – Research analysts at Roth Capital raised their Q2 2024 earnings per share estimates for shares of Gentherm in a research report issued on Wednesday, May 1st. Roth Capital analyst M. Koranda now expects that the auto parts company will earn $0.65 per share for the quarter, up from their previous estimate of $0.60. The consensus estimate for Gentherm’s current full-year earnings is $2.80 per share. Roth Capital also issued estimates for Gentherm’s Q3 2024 earnings at $0.86 EPS, FY2024 earnings at $2.98 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.02 EPS and FY2025 earnings at $3.69 EPS.

THRM has been the subject of several other research reports. Robert W. Baird lowered their target price on shares of Gentherm from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on Gentherm from $63.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, April 22nd. Finally, StockNews.com raised Gentherm from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Gentherm presently has an average rating of “Hold” and an average price target of $65.75.

Gentherm Stock Performance

Shares of Gentherm stock opened at $51.92 on Thursday. The firm has a fifty day moving average of $54.27 and a two-hundred day moving average of $50.49. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 42.21 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.48 and a current ratio of 2.12. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.54.

Gentherm (NASDAQ:THRM) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.19. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The business had revenue of $356.00 million during the quarter, compared to the consensus estimate of $361.11 million. During the same period in the previous year, the firm posted $0.49 earnings per share. Gentherm’s revenue for the quarter was down 2.1% compared to the same quarter last year.

Insider Transactions at Gentherm

In related news, CEO Phillip Eyler sold 15,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the sale, the chief executive officer now directly owns 147,317 shares of the company’s stock, valued at approximately $8,127,478.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Gentherm by 2,995.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 268,920 shares of the auto parts company’s stock worth $15,484,000 after acquiring an additional 260,233 shares in the last quarter. Norges Bank acquired a new position in Gentherm during the fourth quarter worth $10,991,000. RK Capital Management LLC bought a new position in Gentherm in the third quarter valued at $11,020,000. Trigran Investments Inc. increased its stake in Gentherm by 10.7% in the 4th quarter. Trigran Investments Inc. now owns 1,887,857 shares of the auto parts company’s stock valued at $98,848,000 after buying an additional 183,170 shares during the last quarter. Finally, Granahan Investment Management LLC lifted its position in Gentherm by 61.2% during the 4th quarter. Granahan Investment Management LLC now owns 412,971 shares of the auto parts company’s stock worth $21,623,000 after buying an additional 156,842 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors.

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.