Equities analysts expect Gentex Co. (NASDAQ:GNTX) to report sales of $484.61 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Gentex’s earnings. The highest sales estimate is $504.56 million and the lowest is $476.29 million. Gentex posted sales of $459.57 million in the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is expected to issue its next quarterly earnings report on Friday, January 25th.
According to Zacks, analysts expect that Gentex will report full-year sales of $1.87 billion for the current fiscal year, with estimates ranging from $1.86 billion to $1.89 billion. For the next year, analysts expect that the firm will post sales of $1.99 billion, with estimates ranging from $1.97 billion to $2.01 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $460.25 million during the quarter, compared to analysts’ expectations of $465.51 million. Gentex had a return on equity of 21.83% and a net margin of 25.11%. Gentex’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share.
GNTX has been the subject of several research reports. BidaskClub raised Gentex from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Gentex in a report on Wednesday, November 14th. BMO Capital Markets reduced their price objective on Gentex from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 22nd. Longbow Research set a $28.00 price objective on Gentex and gave the stock a “buy” rating in a report on Friday, August 24th. Finally, ValuEngine raised Gentex from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Gentex has a consensus rating of “Hold” and an average target price of $24.44.
In other news, CFO Kevin C. Nash sold 6,000 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $21.50, for a total value of $129,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,732 shares of the company’s stock, valued at $703,738. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 1,155 shares of company stock valued at $23,237. Insiders own 0.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNTX. Bank of Montreal Can lifted its position in shares of Gentex by 21.4% during the second quarter. Bank of Montreal Can now owns 117,524 shares of the auto parts company’s stock valued at $2,705,000 after purchasing an additional 20,710 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Gentex by 17.1% during the second quarter. Janney Montgomery Scott LLC now owns 28,594 shares of the auto parts company’s stock valued at $658,000 after purchasing an additional 4,178 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Gentex by 166.6% during the second quarter. BNP Paribas Arbitrage SA now owns 28,807 shares of the auto parts company’s stock valued at $663,000 after purchasing an additional 18,003 shares in the last quarter. Aperio Group LLC lifted its position in shares of Gentex by 14.3% during the second quarter. Aperio Group LLC now owns 96,065 shares of the auto parts company’s stock valued at $2,211,000 after purchasing an additional 12,051 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Gentex by 21.3% during the second quarter. Alps Advisors Inc. now owns 24,857 shares of the auto parts company’s stock valued at $521,000 after purchasing an additional 4,373 shares in the last quarter. 85.83% of the stock is owned by institutional investors.
Shares of GNTX stock opened at $21.66 on Friday. The firm has a market cap of $5.76 billion, a P/E ratio of 16.92, a PEG ratio of 1.21 and a beta of 1.14. Gentex has a 1 year low of $17.80 and a 1 year high of $25.41.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, January 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.03%. Gentex’s dividend payout ratio (DPR) is 34.38%.
Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features 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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