Brokerages expect Gentex Co. (NASDAQ:GNTX) to announce $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Gentex’s earnings, with estimates ranging from $0.38 to $0.40. Gentex reported earnings of $0.40 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.5%. The business is expected to report its next earnings report before the market opens on Wednesday, April 24th.
According to Zacks, analysts expect that Gentex will report full-year earnings of $1.62 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.67. For the next fiscal year, analysts forecast that the firm will post earnings of $1.74 per share, with EPS estimates ranging from $1.45 to $1.83. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Wednesday, January 30th. The auto parts company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). Gentex had a return on equity of 23.06% and a net margin of 23.88%. The business had revenue of $453.40 million for the quarter, compared to analyst estimates of $477.41 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was down 1.3% on a year-over-year basis.
Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Gentex from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. BMO Capital Markets lowered their price objective on shares of Gentex from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, April 2nd. Longbow Research downgraded shares of Gentex from a “buy” rating to a “neutral” rating and set a $20.65 price objective on the stock. in a report on Tuesday, February 5th. Zacks Investment Research downgraded shares of Gentex from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, Jefferies Financial Group restated a “hold” rating and set a $23.00 price objective on shares of Gentex in a report on Monday, February 4th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.58.
In other news, insider Neil Boehm sold 2,686 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.82, for a total value of $55,922.52. Following the completion of the sale, the insider now owns 42,883 shares in the company, valued at $892,824.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James H. Wallace sold 24,000 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $21.40, for a total transaction of $513,600.00. Following the completion of the sale, the director now owns 29,400 shares of the company’s stock, valued at approximately $629,160. The disclosure for this sale can be found here. In the last quarter, insiders bought 2,009 shares of company stock valued at $35,318 and sold 29,686 shares valued at $631,983. Corporate insiders own 0.37% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GNTX. Bremer Trust National Association purchased a new stake in Gentex during the fourth quarter worth about $25,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Gentex during the fourth quarter worth about $27,000. Lindbrook Capital LLC purchased a new stake in Gentex during the fourth quarter worth about $32,000. Dubuque Bank & Trust Co. purchased a new stake in Gentex during the first quarter worth about $33,000. Finally, Enlightenment Research LLC purchased a new stake in Gentex during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 85.18% of the company’s stock.
GNTX traded up $0.29 during trading on Friday, hitting $22.30. 1,147,976 shares of the company’s stock were exchanged, compared to its average volume of 1,338,954. Gentex has a fifty-two week low of $17.80 and a fifty-two week high of $25.41. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.29 and a beta of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.46 annualized dividend and a dividend yield of 2.06%. This is an increase from Gentex’s previous quarterly dividend of $0.11. Gentex’s dividend payout ratio is currently 28.40%.
Gentex Company Profile
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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