Gentherm (NASDAQ:THRM) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Key Points

• Gentherm reported a quarterly earnings per share (EPS) of $0.54, missing the consensus estimate by $0.05.
• The company generated $375.09 million in revenue for the quarter, slightly above the expected $358.09 million, but showed a 0.2% decline compared to the same quarter last year.
• Research analysts generally maintain a positive outlook on Gentherm, with a consensus rating of "Buy" and an average price target of $50.33.

Gentherm (NASDAQ:THRM - Get Free Report) issued its earnings results on Thursday. The auto parts company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05), Zacks reports. Gentherm had a net margin of 2.18% and a return on equity of 9.90%. The firm had revenue of $375.09 million during the quarter, compared to analysts' expectations of $358.09 million. During the same quarter in the prior year, the company earned $0.66 EPS. Gentherm's quarterly revenue was down .2% on a year-over-year basis. Gentherm updated its FY 2025 guidance to EPS.

Gentherm Trading Down 2.7%

Shares of NASDAQ:THRM traded down $0.92 during trading on Wednesday, reaching $33.03. The company's stock had a trading volume of 140,461 shares, compared to its average volume of 322,125. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. Gentherm has a 12 month low of $22.75 and a 12 month high of $56.68. The firm's 50 day simple moving average is $29.15 and its two-hundred day simple moving average is $30.36. The stock has a market capitalization of $1.02 billion, a PE ratio of 32.38 and a beta of 1.42.

Institutional Investors Weigh In On Gentherm

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in Gentherm by 389.2% during the first quarter. Jane Street Group LLC now owns 84,403 shares of the auto parts company's stock worth $2,257,000 after acquiring an additional 67,150 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Gentherm by 5.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,613 shares of the auto parts company's stock valued at $2,904,000 after purchasing an additional 5,824 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Gentherm by 93.4% during the first quarter. Millennium Management LLC now owns 155,617 shares of the auto parts company's stock worth $4,161,000 after buying an additional 75,170 shares in the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THRM has been the topic of several research analyst reports. Baird R W raised Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Robert W. Baird raised their price target on Gentherm from $28.00 to $35.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Wall Street Zen raised Gentherm from a "hold" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Gentherm has an average rating of "Buy" and a consensus target price of $46.00.

About Gentherm

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.