Zacks: Analysts Anticipate Gentex Co. (NASDAQ:GNTX) to Announce $0.38 Earnings Per Share

Analysts predict that Gentex Co. (NASDAQ:GNTXGet Rating) will announce $0.38 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Gentex’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.40. Gentex posted earnings of $0.36 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Gentex will report full-year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.56 to $1.70. For the next fiscal year, analysts expect that the business will report earnings of $2.16 per share, with EPS estimates ranging from $2.01 to $2.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Gentex.

Gentex (NASDAQ:GNTXGet Rating) last posted its earnings results on Friday, April 22nd. The auto parts company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Gentex had a net margin of 19.52% and a return on equity of 17.46%. The firm had revenue of $468.50 million for the quarter, compared to the consensus estimate of $432.40 million. During the same period in the previous year, the firm posted $0.46 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis.

GNTX has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Gentex from $28.00 to $25.00 and set a “sell” rating for the company in a research note on Tuesday, March 22nd. StockNews.com began coverage on shares of Gentex in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Exane BNP Paribas began coverage on shares of Gentex in a research report on Monday, April 11th. They issued an “outperform” rating for the company. Zacks Investment Research raised shares of Gentex from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research report on Wednesday, April 27th. Finally, BNP Paribas began coverage on shares of Gentex in a research report on Monday, April 11th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $33.38.

In other Gentex news, VP Matthew Chiodo sold 14,931 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $30.36, for a total transaction of $453,305.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven R. Downing sold 31,000 shares of the company’s stock in a transaction that occurred on 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. In the last quarter, insiders have sold 170,354 shares of company stock valued at $5,206,731. 0.16% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in GNTX. EdgePoint Investment Group Inc. increased its stake in shares of Gentex by 97.9% in the fourth quarter. EdgePoint Investment Group Inc. now owns 7,793,008 shares of the auto parts company’s stock worth $271,586,000 after acquiring an additional 3,856,036 shares during the period. Ceredex Value Advisors LLC increased its stake in shares of Gentex by 879.0% in the third quarter. Ceredex Value Advisors LLC now owns 3,434,617 shares of the auto parts company’s stock worth $113,274,000 after acquiring an additional 3,083,776 shares during the period. Norges Bank acquired a new stake in shares of Gentex in the fourth quarter worth $72,262,000. Allspring Global Investments Holdings LLC purchased a new stake in Gentex during the fourth quarter worth $67,446,000. Finally, Sprucegrove Investment Management Ltd. purchased a new stake in Gentex during the third quarter worth $44,543,000. Hedge funds and other institutional investors own 86.24% of the company’s stock.

GNTX stock opened at $29.19 on Tuesday. Gentex has a 12 month low of $27.06 and a 12 month high of $37.90. The company has a 50-day moving average price of $28.83 and a 200 day moving average price of $32.35. The stock has a market cap of $6.86 billion, a PE ratio of 20.85, a P/E/G ratio of 1.58 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Friday, April 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, April 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. Gentex’s dividend payout ratio (DPR) is presently 34.29%.

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.

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