Gentherm Inc. (NASDAQ:THRM) – Stock analysts at FBR & Co decreased their Q3 2016 earnings per share (EPS) estimates for shares of Gentherm in a note issued to investors on Thursday. FBR & Co analyst C. Horn now anticipates that the firm will post earnings per share of $0.56 for the quarter, down from their prior 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 a number of other research reports. Zacks Investment Research downgraded Gentherm from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Argus downgraded Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. JPMorgan Chase & Co. reduced their price objective on Gentherm from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. KeyCorp reiterated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. Finally, Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.00.
Gentherm (NASDAQ:THRM) opened at 30.35 on Friday. The stock has a 50 day moving average price of $31.37 and a 200 day moving average price of $35.30. The company has a market cap of $1.11 billion, a PE ratio of 12.81 and a beta of 1.89. Gentherm has a 1-year low of $29.78 and a 1-year high of $51.71.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) 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 earned $232.72 million during the quarter, compared to the consensus estimate of $240.54 million. During the same period in the previous year, the company posted $0.54 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position 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 period. Springbok Capital Management LLC boosted 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 in the last quarter. PineBridge Investments L.P. boosted 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 in the last quarter. Teacher Retirement System of Texas boosted 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Gentherm during the first quarter worth $213,000. 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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