Gentherm (THRM) Receiving Somewhat Positive Media Coverage, Report Finds
Media stories about Gentherm (NASDAQ:THRM) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gentherm earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 46.3943807061736 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Gentherm (NASDAQ THRM) traded up 0.66% during midday trading on Wednesday, reaching $30.40. 131,389 shares of the company traded hands. The firm has a 50-day moving average of $34.54 and a 200-day moving average of $36.47. Gentherm has a 1-year low of $26.60 and a 1-year high of $40.80. The stock has a market capitalization of $1.12 billion, a P/E ratio of 13.95 and a beta of 1.93.
Gentherm (NASDAQ:THRM) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.38. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm had revenue of $243.40 million during the quarter, compared to analysts’ expectations of $244.48 million. During the same period in the previous year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Gentherm will post $2.01 earnings per share for the current year.
THRM has been the subject of several research reports. BidaskClub raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, July 7th. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 target price (up from $42.00) on shares of Gentherm in a report on Wednesday, May 3rd. ValuEngine lowered shares of Gentherm from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, FBR & Co reissued an “outperform” rating and issued a $45.00 target price on shares of Gentherm in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.75.
In other Gentherm news, VP Erin Erwine Ascher sold 1,800 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.17, for a total transaction of $70,506.00. Following the completion of the transaction, the vice president now owns 23,839 shares of the company’s stock, valued at $933,773.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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