Gentherm Inc. (NASDAQ:THRM) – Investment analysts at FBR & Co dropped their Q3 2016 earnings estimates for shares of Gentherm in a research note issued to investors on Thursday. FBR & Co analyst C. Horn now anticipates that the brokerage will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.67. FBR & Co currently has a “Outperform” rating and a $42.00 price target on the stock. FBR & Co also issued estimates for Gentherm’s Q4 2016 earnings at $0.57 EPS, FY2016 earnings at $1.96 EPS, Q1 2017 earnings at $0.59 EPS, Q2 2017 earnings at $0.61 EPS, Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.66 EPS and FY2017 earnings at $2.53 EPS.
THRM has been the topic of several other reports. Zacks Investment Research lowered Gentherm from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. KeyCorp reiterated an “equal weight” rating on shares of Gentherm in a research note on Friday, September 9th. Argus lowered Gentherm from a “buy” rating to a “hold” rating in a research note on Friday, September 23rd. Barrington Research lowered Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.
Shares of Gentherm (NASDAQ:THRM) traded down 0.50% during trading on Friday, hitting $29.97. The stock had a trading volume of 182,999 shares. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.65 and a beta of 1.89. Gentherm has a 52 week low of $29.78 and a 52 week high of $51.71. The stock’s 50 day moving average is $31.43 and its 200 day moving average is $35.37.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.07. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The firm had revenue of $232.72 million for the quarter, compared to analyst estimates of $240.54 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC raised its stake in Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the period. PineBridge Investments L.P. raised its stake in Gentherm by 4.1% in the second quarter. PineBridge Investments L.P. now owns 4,621 shares of the company’s stock worth $158,000 after buying an additional 183 shares during the period. Teacher Retirement System of Texas raised its stake in Gentherm by 21.3% in the second quarter. Teacher Retirement System of Texas now owns 5,115 shares of the company’s stock worth $175,000 after buying an additional 898 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Gentherm during the first quarter worth approximately $213,000. Institutional investors and hedge funds own 96.36% of the company’s stock.
Gentherm Company Profile