Q3 2016 EPS Estimates for Gentherm Inc. (THRM) Cut by FBR & Co
Gentherm Inc. (NASDAQ:THRM) – Equities researchers at FBR & Co reduced their Q3 2016 earnings estimates for shares of Gentherm in a research note issued on Thursday. FBR & Co analyst C. Horn now expects that the firm will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.67. FBR & Co has a “Outperform” rating and a $42.00 price objective 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 subject of several other reports. Zacks Investment Research downgraded shares of Gentherm from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. KeyCorp restated an “equal weight” rating on shares of Gentherm in a report on Friday, September 9th. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a report on Friday, September 23rd. Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Gentherm has a consensus rating of “Hold” and an average price target of $45.00.
Shares of Gentherm (NASDAQ:THRM) opened at 30.35 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.81 and a beta of 1.89. Gentherm has a one year low of $29.78 and a one year high of $51.71. The stock has a 50 day moving average price of $31.37 and a 200-day moving average price of $35.30.
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 earned $232.72 million during the quarter, compared to the consensus estimate of $240.54 million. Gentherm had a net margin of 9.77% and a return on equity of 20.22%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share.
A number of hedge funds have recently bought and sold shares of THRM. State Street Corp increased its stake in Gentherm by 3.3% in the first quarter. State Street Corp now owns 686,880 shares of the company’s stock worth $28,568,000 after buying an additional 21,956 shares during the last quarter. BlackRock Group LTD increased its stake in Gentherm by 24.1% in the first quarter. BlackRock Group LTD now owns 46,375 shares of the company’s stock worth $1,930,000 after buying an additional 9,011 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased 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 worth $40,369,000 after buying an additional 72,956 shares during the last quarter. Cortina Asset Management LLC increased 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 worth $4,158,000 after buying an additional 27,251 shares during the last quarter. Finally, BlackRock Inc. increased 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 last quarter. Institutional investors and hedge funds own 96.36% of the company’s stock.
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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