Gentex (GNTX) Set to Announce Earnings on Friday

Gentex (NASDAQ:GNTXGet Rating) will be announcing its earnings results before the market opens on Friday, January 27th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Gentex (NASDAQ:GNTXGet Rating) last released its earnings results on Friday, October 28th. The auto parts company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). Gentex had a net margin of 17.17% and a return on equity of 16.06%. The business had revenue of $493.64 million during the quarter, compared to analyst estimates of $494.82 million. During the same period last year, the business posted $0.32 EPS. Gentex’s revenue was up 23.5% compared to the same quarter last year. On average, analysts expect Gentex to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Stock Down 1.0 %

NASDAQ:GNTX opened at $28.98 on Wednesday. Gentex has a fifty-two week low of $23.28 and a fifty-two week high of $33.07. The firm’s fifty day simple moving average is $27.99 and its 200-day simple moving average is $27.20. The stock has a market cap of $6.80 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 18th. Shareholders of record on Friday, January 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, January 5th. This represents a $0.48 annualized dividend and a yield of 1.66%. Gentex’s payout ratio is currently 35.82%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GNTX. Guggenheim decreased their price target on Gentex to $29.00 in a research note on Thursday, October 27th. The Goldman Sachs Group upgraded Gentex from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, December 14th. Finally, StockNews.com lowered Gentex from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.80.

Insider Transactions at Gentex

In other news, Director James H. Wallace sold 14,000 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $26.04, for a total value of $364,560.00. Following the sale, the director now directly owns 14,709 shares in the company, valued at $383,022.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Steven R. Downing bought 10,000 shares of the stock in a transaction on Monday, October 31st. The stock was purchased at an average cost of $25.74 per share, with a total value of $257,400.00. Following the purchase, the chief executive officer now owns 118,506 shares of the company’s stock, valued at $3,050,344.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Wallace sold 14,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $26.04, for a total value of $364,560.00. Following the transaction, the director now directly owns 14,709 shares in the company, valued at approximately $383,022.36. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Gentex

Several institutional investors have recently added to or reduced their stakes in GNTX. Covestor Ltd boosted its stake in Gentex by 79.2% in the 1st quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after buying an additional 834 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Gentex during the 2nd quarter worth about $204,000. Bridgefront Capital LLC boosted its position in shares of Gentex by 11.9% in the first quarter. Bridgefront Capital LLC now owns 7,533 shares of the auto parts company’s stock worth $220,000 after acquiring an additional 803 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Gentex in the second quarter valued at approximately $225,000. Finally, Raymond James Trust N.A. increased its position in Gentex by 40.9% during the first quarter. Raymond James Trust N.A. now owns 8,688 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 2,524 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Gentex Company Profile

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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.

See Also

Earnings History for Gentex (NASDAQ:GNTX)

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