Q3 2016 Earnings Estimate for Gentherm Inc. Issued By Barrington Research (THRM)
Gentherm Inc. (NASDAQ:THRM) – Barrington Research cut their Q3 2016 earnings per share estimates for shares of Gentherm in a research note issued to investors on Tuesday. Barrington Research analyst G. Prestopino now expects that the firm will post earnings of $0.57 per share for the quarter, down from their previous forecast of $0.59. Barrington Research currently 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.
Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $232.72 million for the quarter, compared to analysts’ expectations of $240.54 million. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share.
Other equities research analysts have also recently issued research reports about the company. FBR & Co raised Gentherm from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Thursday. Zacks Investment Research raised Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Roth Capital cut Gentherm from a “buy” rating to a “neutral” rating and increased their price target for the company from $33.00 to $53.00 in a research note on Friday, July 29th. Buckingham Research cut Gentherm from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. decreased their price target on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday, July 29th. One research 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’s stock. Gentherm presently has a consensus rating of “Hold” and an average price target of $45.00.
Shares of Gentherm (NASDAQ:THRM) traded up 0.59% during midday trading on Thursday, hitting $30.58. 409,499 shares of the stock were exchanged. Gentherm has a one year low of $29.78 and a one year high of $51.71. The stock has a market cap of $1.12 billion, a P/E ratio of 12.91 and a beta of 1.89. The stock’s 50-day moving average price is $31.53 and its 200 day moving average price is $35.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of Gentherm during the second quarter valued at about $244,000. Royal Bank of Canada raised its position in shares of Gentherm by 4.3% in the second quarter. Royal Bank of Canada now owns 484,523 shares of the company’s stock valued at $16,594,000 after buying an additional 20,073 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Gentherm by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 135,804 shares of the company’s stock valued at $4,652,000 after buying an additional 2,514 shares during the last quarter. Legal & General Group Plc raised its position in shares of Gentherm by 20.8% in the second quarter. Legal & General Group Plc now owns 9,748 shares of the company’s stock valued at $329,000 after buying an additional 1,679 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Gentherm by 1.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 25,996 shares of the company’s stock valued at $890,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 96.36% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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