Gentherm Inc (NASDAQ:THRM) to Issue Special Dividend of $1.90

Key Points

• Gentherm declared a special dividend of $1.90 per share. Shareholders of record on September 28, 2020, were scheduled to receive payment on October 7, with the ex-dividend date also set for September 28.
• THRM shares fell $1.27 to $36.38 in Friday trading, while the company reported quarterly earnings of $0.75 per share and revenue of $416.17 million, exceeding analyst expectations.
• Analysts maintained a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $46.50.

Gentherm Inc (NASDAQ:THRM - Get Free Report) announced a special dividend on Thursday, September 17th. Investors of record on Monday, September 28th will be given a dividend of 1.90 per share by the auto parts company on Wednesday, October 7th. The ex-dividend date is Monday, September 28th.

Gentherm Price Performance

THRM traded down $1.27 on Friday, hitting $36.38. 183,710 shares of the company's stock were exchanged, compared to its average volume of 315,304. Gentherm has a fifty-two week low of $27.00 and a fifty-two week high of $48.35. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 0.87 and a beta of 1.34. The firm has a 50-day moving average price of $39.94 and a 200-day moving average price of $34.55. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.19. The firm had revenue of $416.17 million for the quarter, compared to analyst estimates of $382.90 million. Gentherm had a net margin of 1.68% and a return on equity of 12.06%. Gentherm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Gentherm will post 2.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on THRM shares. Wall Street Zen lowered shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Zacks Research upgraded shares of Gentherm from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Stifel Nicolaus boosted their target price on shares of Gentherm from $44.00 to $59.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Roth Capital reaffirmed a "buy" rating and set a $50.00 target price on shares of Gentherm in a report on Wednesday, July 29th. Finally, Freedom Capital downgraded Gentherm from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Gentherm presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.50.

Gentherm Company Profile

Gentherm Inc NASDAQ: THRM develops and manufactures thermal management and pneumatic comfort technologies for the automotive and medical markets. The company's products are designed to improve occupant comfort, regulate temperature and support specialized healthcare applications.

For automotive customers, Gentherm supplies heated and ventilated seating systems, climate-controlled seats, heated steering wheels, neck-conditioning systems and other interior comfort technologies. Its portfolio also includes battery thermal management and related solutions intended to help manage temperature in electrified vehicles.

In the medical market, Gentherm provides patient temperature-management systems used for warming and cooling during medical procedures and critical-care applications.

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