Analysts expect Gentex Co. (NASDAQ:GNTX – Get Rating) to announce sales of $435.16 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Gentex’s earnings. The lowest sales estimate is $408.90 million and the highest is $466.26 million. Gentex reported sales of $483.73 million during the same quarter last year, which indicates a negative year over year growth rate of 10%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Gentex will report full-year sales of $1.91 billion for the current fiscal year, with estimates ranging from $1.85 billion to $1.96 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.24 billion, with estimates ranging from $2.19 billion to $2.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Gentex.
Gentex (NASDAQ:GNTX – Get Rating) last issued its quarterly earnings data on Friday, January 28th. The auto parts company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The firm had revenue of $419.80 million during the quarter, compared to analysts’ expectations of $417.52 million. Gentex had a net margin of 20.84% and a return on equity of 18.74%. The business’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share.
Several research firms have weighed in on GNTX. The Goldman Sachs Group reduced their target price on Gentex from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Tuesday, March 22nd. Zacks Investment Research upgraded Gentex from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a research report on Wednesday, January 5th. StockNews.com started coverage on shares of Gentex in a report on Thursday, March 31st. They set a “hold” rating on the stock. BNP Paribas initiated coverage on shares of Gentex in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Exane BNP Paribas started coverage on shares of Gentex in a research report on Monday. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $34.65.
In other Gentex news, CEO Steven R. Downing sold 31,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $31.50, for a total value of $976,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven R. Downing sold 58,937 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $30.36, for a total value of $1,789,327.32. The disclosure for this sale can be found here. Insiders sold 170,354 shares of company stock worth $5,206,731 over the last quarter. 0.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. KRS Capital Management LLC acquired a new stake in Gentex in the fourth quarter valued at $28,000. National Bank of Canada FI bought a new stake in shares of Gentex in the 4th quarter valued at about $30,000. Clearstead Advisors LLC acquired a new stake in Gentex in the 3rd quarter valued at about $31,000. Benjamin Edwards Inc. bought a new position in Gentex during the fourth quarter worth about $33,000. Finally, Wagner Wealth Management LLC acquired a new position in Gentex during the fourth quarter worth approximately $35,000. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GNTX stock opened at $27.61 on Thursday. Gentex has a 12-month low of $27.06 and a 12-month high of $37.90. The firm has a fifty day moving average of $29.36 and a 200-day moving average of $32.99. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.51 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 20th. Stockholders of record on Friday, April 8th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, April 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.74%. Gentex’s dividend payout ratio is currently 32.21%.
About Gentex (Get Rating)
Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally. It operates through Automotive Products and Other segments. The company offers 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, automotive suppliers, and various aftermarket and accessory customers.
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