Gentherm (NASDAQ:THRM) Announces Quarterly Earnings Results

Gentherm (NASDAQ:THRM - Get Free Report) announced its quarterly earnings results on Tuesday. The auto parts company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.19, Briefing.com reports. Gentherm had a net margin of 2.75% and a return on equity of 12.91%. The company had revenue of $356.00 million for the quarter, compared to analysts' expectations of $361.11 million. During the same period in the prior year, the company posted $0.49 EPS. Gentherm's revenue was down 2.1% compared to the same quarter last year. Gentherm updated its FY 2024 guidance to EPS.

Gentherm Price Performance

Shares of NASDAQ THRM traded up $1.35 during mid-day trading on Wednesday, reaching $51.92. 238,041 shares of the company were exchanged, compared to its average volume of 183,464. Gentherm has a 52 week low of $38.21 and a 52 week high of $66.54. The company's 50 day moving average price is $54.27 and its 200 day moving average price is $50.49. The stock has a market capitalization of $1.64 billion, a PE ratio of 42.21 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Gentherm from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of 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 Gentherm from a "hold" rating to a "buy" rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Gentherm presently has an average rating of "Hold" and a consensus price target of $65.75.

Insider Activity at Gentherm

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