The Q3 2016 Earnings Estimate for Gentherm Inc. (THRM) Issued By Barrington Research

The Q3 2016 Earnings Estimate for Gentherm Inc. (THRM) Issued By Barrington Research

Gentherm Inc. (NASDAQ:THRM) – Analysts at Barrington Research cut their Q3 2016 EPS estimates for Gentherm in a research report issued on Tuesday. Barrington Research analyst G. Prestopino now anticipates that the brokerage will post earnings of $0.57 per share for the quarter, down from their prior estimate of $0.59. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Gentherm’s Q4 2016 earnings at $0.56 EPS, Q1 2017 earnings at $0.63 EPS, Q2 2017 earnings at $0.64 EPS, Q3 2017 earnings at $0.65 EPS, Q4 2017 earnings at $0.61 EPS and FY2017 earnings at $2.53 EPS.

THRM has been the topic of a number of other reports. FBR & Co upgraded Gentherm from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Thursday. Zacks Investment Research cut Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Argus cut Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. JPMorgan Chase & Co. decreased their price target on Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Finally, KeyCorp restated an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Gentherm currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Gentherm (NASDAQ:THRM) opened at 30.12 on Thursday. Gentherm has a 52 week low of $29.78 and a 52 week high of $51.71. The company’s 50-day moving average price is $31.43 and its 200 day moving average price is $35.37. The stock has a market capitalization of $1.10 billion, a P/E ratio of 12.71 and a beta of 1.89.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, July 28th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in THRM. State Street Corp boosted its stake in Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock valued at $28,568,000 after buying an additional 21,956 shares during the last quarter. BlackRock Group LTD boosted its stake in Gentherm by 24.1% in the first quarter. BlackRock Group LTD now owns 46,375 shares of the company’s stock valued at $1,930,000 after buying an additional 9,011 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Gentherm by 8.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 970,640 shares of the company’s stock valued at $40,369,000 after buying an additional 72,956 shares during the last quarter. Cortina Asset Management LLC boosted its stake in Gentherm by 28.9% in the second quarter. Cortina Asset Management LLC now owns 121,404 shares of the company’s stock valued at $4,158,000 after buying an additional 27,251 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. 96.36% of the stock is owned by hedge funds and other institutional investors.

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