Equities analysts expect Gentex Co. (NASDAQ:GNTX) to post earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Gentex’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.41. Gentex posted earnings of $0.33 per share during the same quarter last year, which indicates a positive year over year growth rate of 21.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 20th.
On average, analysts expect that Gentex will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.68. For the next financial year, analysts anticipate that the business will report earnings of $1.79 per share, with EPS estimates ranging from $1.70 to $1.88. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Gentex had a net margin of 22.66% and a return on equity of 18.35%. The business had revenue of $459.57 million for the quarter, compared to analysts’ expectations of $449.43 million. During the same quarter last year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year.
Several research firms recently weighed in on GNTX. B. Riley reiterated a “buy” rating on shares of Gentex in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Gentex from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, January 31st. Craig Hallum increased their price objective on shares of Gentex from $18.00 to $23.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. Robert W. Baird reiterated a “hold” rating and set a $23.00 price objective on shares of Gentex in a research note on Friday, January 26th. Finally, BMO Capital Markets increased their price objective on shares of Gentex to $28.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.50.
In other Gentex news, General Counsel Scott P. Ryan sold 7,220 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $23.66, for a total value of $170,825.20. Following the sale, the general counsel now owns 21,329 shares in the company, valued at $504,644.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James H. Wallace sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total transaction of $280,800.00. Following the completion of the sale, the director now owns 48,304 shares in the company, valued at approximately $1,130,313.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,094 shares of company stock worth $635,877. 2.50% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Gentex in the third quarter valued at approximately $105,000. Ffcm LLC acquired a new stake in shares of Gentex in the third quarter valued at approximately $174,000. Verition Fund Management LLC acquired a new stake in shares of Gentex in the second quarter valued at approximately $195,000. Hikari Power Ltd acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $203,000. Finally, Essex Financial Services Inc. acquired a new stake in shares of Gentex in the fourth quarter valued at approximately $205,000. Institutional investors own 80.85% of the company’s stock.
Gentex (NASDAQ GNTX) traded down $0.11 on Monday, reaching $22.83. 1,373,851 shares of the company traded hands, compared to its average volume of 2,970,000. The firm has a market capitalization of $6,480.00, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32. Gentex has a 52-week low of $16.59 and a 52-week high of $24.07.
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Gentex Company Profile
Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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