Brokerages Anticipate Gentex Co. (NASDAQ:GNTX) to Announce $0.38 EPS

Brokerages expect Gentex Co. (NASDAQ:GNTX – Get Rating) to report earnings of $0.38 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Gentex’s earnings, with estimates ranging from $0.36 to $0.40. Gentex reported earnings per share of $0.36 during the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Gentex will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.70. For the next fiscal year, analysts anticipate that the business will report earnings of $2.16 per share, with EPS estimates ranging from $2.01 to $2.24. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Gentex.

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

GNTX has been the topic of several research reports. Robert W. Baird boosted their price target on Gentex from $33.00 to $34.00 in a report on Monday, April 25th. The Goldman Sachs Group reduced their target price on Gentex from $28.00 to $25.00 and set a “sell” rating on the stock in a report on Tuesday, March 22nd. StockNews.com initiated coverage on Gentex in a report on Thursday, March 31st. They issued a “hold” rating on the stock. BNP Paribas initiated coverage on Gentex in a report on Monday, April 11th. They issued an “outperform” rating on the stock. Finally, Exane BNP Paribas assumed coverage on Gentex in a report on Monday, April 11th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $33.38.

Shares of NASDAQ:GNTX traded down $0.25 during midday trading on Tuesday, hitting $29.37. 3,446 shares of the stock were exchanged, compared to its average volume of 1,163,422. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.59 and a beta of 0.89. The business’s 50-day moving average price is $28.99 and its 200 day moving average price is $31.75. Gentex has a 12 month low of $27.06 and a 12 month high of $37.90.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Stockholders of record on Friday, April 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, April 7th. Gentex’s payout ratio is 34.29%.

In other news, CTO Neil Boehm sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $29.24, for a total transaction of $131,580.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Matthew Chiodo sold 5,700 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $29.24, for a total value of $166,668.00. The disclosure for this sale can be found here. Insiders have sold 13,045 shares of company stock worth $384,082 over the last ninety days. 0.16% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTX. Ariel Investments LLC raised its position in Gentex by 92.4% in the 1st quarter. Ariel Investments LLC now owns 8,174,011 shares of the auto parts company’s stock valued at $238,436,000 after buying an additional 3,925,355 shares during the last quarter. EdgePoint Investment Group Inc. raised its position in Gentex by 97.9% in the 4th quarter. EdgePoint Investment Group Inc. now owns 7,793,008 shares of the auto parts company’s stock valued at $271,586,000 after buying an additional 3,856,036 shares during the last quarter. Norges Bank purchased a new stake in shares of Gentex during the 4th quarter valued at $72,262,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Gentex during the 4th quarter valued at $67,446,000. Finally, Cooke & Bieler LP increased its position in shares of Gentex by 37.9% during the 1st quarter. Cooke & Bieler LP now owns 5,332,397 shares of the auto parts company’s stock valued at $155,546,000 after purchasing an additional 1,466,490 shares during the last quarter. 86.24% of the stock is owned by institutional investors and hedge funds.

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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