Gentex (GNTX) Set to Announce Earnings on Friday

Gentex (NASDAQ:GNTXGet Rating) is scheduled to be releasing its earnings data before the market opens on Friday, April 22nd. Analysts expect Gentex to post earnings of $0.33 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Gentex (NASDAQ:GNTXGet Rating) last announced its earnings results on Friday, January 28th. The auto parts company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $419.80 million during the quarter, compared to analyst estimates of $417.52 million. Gentex had a net margin of 20.84% and a return on equity of 18.74%. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GNTX opened at $27.59 on Friday. The firm has a market cap of $6.48 billion, a PE ratio of 18.52, a P/E/G ratio of 1.52 and a beta of 0.97. The firm has a fifty day simple moving average of $29.29 and a two-hundred day simple moving average of $32.95. Gentex has a 1-year low of $27.06 and a 1-year high of $37.90.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 20th. Stockholders of record on Friday, April 8th will be paid a $0.12 dividend. 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 (DPR) is 32.21%.

In other Gentex news, VP Matthew Chiodo sold 5,700 shares of the stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $29.24, for a total transaction of $166,668.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven R. Downing sold 31,000 shares of the stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $31.50, for a total transaction of $976,500.00. The disclosure for this sale can be found here. Insiders sold a total of 170,354 shares of company stock valued at $5,206,731 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Gentex by 3.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,855 shares of the auto parts company’s stock valued at $53,908,000 after acquiring an additional 50,922 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Gentex in the 4th quarter valued at about $229,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Gentex by 2.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 823,105 shares of the auto parts company’s stock valued at $28,685,000 after acquiring an additional 19,065 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in shares of Gentex by 8.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 42,320 shares of the auto parts company’s stock valued at $1,475,000 after acquiring an additional 3,444 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Gentex by 1.8% in the 4th quarter. Amalgamated Bank now owns 176,057 shares of the auto parts company’s stock valued at $6,136,000 after acquiring an additional 3,115 shares during the last quarter. 82.51% of the stock is owned by institutional investors and hedge funds.

GNTX has been the subject of several analyst reports. Exane BNP Paribas initiated coverage on Gentex in a research note on Monday. They issued an “outperform” rating for the company. BNP Paribas initiated coverage on Gentex in a research note on Monday. They issued an “outperform” rating for the company. StockNews.com initiated coverage on Gentex in a research note on Thursday, March 31st. They issued a “hold” rating for the company. 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 note on Wednesday, January 5th. Finally, The Goldman Sachs Group reduced their price objective on Gentex from $28.00 to $25.00 and set a “sell” rating for the company in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $34.65.

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.

See Also

Earnings History for Gentex (NASDAQ:GNTX)

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