Barrington Research Sees Gentherm As Continued Secular Growth Story

In a report published Wednesday, Barrington Research analyst Gary Prestopino reiterated an Outperform rating and $50.00 price target on Gentherm Inc (NASDAQ: THRM).

In the report, Barrington Research noted, “THRM's Q3/14 results included revenue growth of 20% to $206 million and EPS of $0.48 versus $0.24 for the comparable period of 2013. Adjusted EBITDA for Q3/14 increased 46% to $30.9 million. Our estimates called for revenue and EPS of $209 million and $0.46 for the quarter. Consensus numbers included sales of $209 million and EPS of $0.42. The company does not give any quarterly guidance. Solid Q3/14 results were driven by strong revenue generation and product mix that continues to shift in favor of the Climate Controlled Seat offering, as well as operational efficiencies throughout the company that led to solid gross and operating margin expansion.”

Gentherm closed on Tuesday at $39.74.