Roth Capital Comments on Gentherm Incorporated's Q4 2024 Earnings (NASDAQ:THRM)

Gentherm Incorporated (NASDAQ:THRM - Free Report) - Roth Capital cut their Q4 2024 earnings estimates for shares of Gentherm in a research note issued on Wednesday, May 1st. Roth Capital analyst M. Koranda now expects that the auto parts company will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.88. The consensus estimate for Gentherm's current full-year earnings is $2.93 per share. Roth Capital also issued estimates for Gentherm's Q1 2025 earnings at $0.75 EPS and Q2 2025 earnings at $0.85 EPS.

THRM has been the subject of several other research reports. Robert W. Baird cut their price target on Gentherm from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on Gentherm from $63.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $65.75.

Gentherm Price Performance

Shares of Gentherm stock traded down $0.26 on Friday, reaching $51.23. The company's stock had a trading volume of 165,509 shares, compared to its average volume of 183,575. Gentherm has a 52-week low of $38.21 and a 52-week high of $66.54. The company has a market capitalization of $1.62 billion, a P/E ratio of 35.09 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $54.04 and a 200-day moving average price of $50.47.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its earnings results on Tuesday, April 30th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.19. Gentherm had a net margin of 3.23% and a return on equity of 13.56%. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $361.11 million. During the same period in the prior year, the company posted $0.49 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis.

Institutional Trading of Gentherm

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Gentherm during the third quarter worth $404,000. Raymond James & Associates grew its stake in shares of Gentherm by 0.5% during the third quarter. Raymond James & Associates now owns 104,144 shares of the auto parts company's stock valued at $5,651,000 after acquiring an additional 469 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gentherm by 18.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,342 shares of the auto parts company's stock worth $398,000 after acquiring an additional 1,154 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Gentherm by 47.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,335 shares of the auto parts company's stock worth $10,870,000 after acquiring an additional 64,352 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Gentherm by 0.6% in the third quarter. Punch & Associates Investment Management Inc. now owns 153,236 shares of the auto parts company's stock valued at $8,315,000 after purchasing an additional 860 shares during the last quarter. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Phillip Eyler sold 15,000 shares of Gentherm stock in a transaction on Friday, April 5th. The shares were sold at an average price of $55.17, for a total value of $827,550.00. Following the transaction, the chief executive officer now directly owns 147,317 shares of the company's stock, valued at approximately $8,127,478.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.91% of the stock is currently owned by company insiders.

Gentherm Company Profile

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.