Gentex (GNTX) Scheduled to Post Earnings on Friday

Gentex (NASDAQ:GNTX) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Gentex has set its FY 2025 guidance at EPS and its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $589.13 million during the quarter, compared to analysts’ expectations of $563.42 million. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Trading Up 1.2 %

GNTX opened at $34.66 on Wednesday. The stock has a market capitalization of $8.02 billion, a PE ratio of 18.84, a PEG ratio of 0.72 and a beta of 0.99. Gentex has a 1-year low of $25.85 and a 1-year high of $37.58. The firm has a 50-day moving average price of $35.68 and a two-hundred day moving average price of $33.04.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s payout ratio is presently 26.09%.

Analysts Set New Price Targets

Several brokerages have recently commented on GNTX. The Goldman Sachs Group lifted their price target on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Guggenheim lifted their price target on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. B. Riley lifted their price target on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, StockNews.com upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gentex presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Buying and Selling

In other Gentex news, Director Richard O. Schaum sold 6,022 shares of Gentex stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard O. Schaum sold 6,022 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now directly owns 62,555 shares in the company, valued at approximately $2,122,491.15. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Gentex Company Profile

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, Republic of Korea, 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.