Gentherm (THRM) Scheduled to Post Earnings on Wednesday

Gentherm (NASDAQ:THRM) will announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Gentherm has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $375.70 million for 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%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. On average, analysts expect Gentherm to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Gentherm Stock Performance

NASDAQ:THRM opened at $40.31 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.46 and a current ratio of 2.11. The stock has a market capitalization of $1.28 billion, a PE ratio of 27.61 and a beta of 1.43. Gentherm has a fifty-two week low of $38.21 and a fifty-two week high of $62.93. The company has a fifty day moving average of $46.68 and a two-hundred day moving average of $49.51.

Insider Buying and Selling

In other Gentherm news, CEO Phillip Eyler sold 4,402 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $50.20, for a total value of $220,980.40. Following the completion of the sale, the chief executive officer now owns 147,317 shares in the company, valued at approximately $7,395,313.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on THRM shares. StockNews.com upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded Gentherm from an “underweight” rating to a “neutral” rating and set a $56.00 target price on the stock in a research report on Monday. Finally, Robert W. Baird lowered their price target on Gentherm from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.00.

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.