Gentex (GNTX) to Release Earnings on Friday

Gentex (NASDAQ:GNTX) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Gentex has set its FY 2025 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The firm had revenue of $589.13 million during the quarter, compared to the consensus estimate of $563.42 million. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Stock Up 0.2 %

Shares of NASDAQ:GNTX opened at $33.58 on Friday. The business has a 50 day moving average price of $35.73 and a 200 day moving average price of $32.97. Gentex has a twelve month low of $25.85 and a twelve month high of $37.58. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 0.71 and a beta of 0.99.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.43%. Gentex’s payout ratio is 26.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GNTX. JPMorgan Chase & Co. raised their price objective on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Guggenheim boosted their price target on Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday. B. Riley lifted their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. StockNews.com upgraded Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group boosted their target price on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.83.

Insider Activity at Gentex

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the transaction, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.93, for a total value of $204,326.46. Following the transaction, the director now directly owns 62,555 shares of the company’s stock, valued at $2,122,491.15. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GNTX. Diversified Trust Co bought a new stake in Gentex in the third quarter valued at approximately $211,000. Okabena Investment Services Inc. grew its position in Gentex by 4,271.6% during the fourth quarter. Okabena Investment Services Inc. now owns 6,470 shares of the auto parts company’s stock worth $211,000 after buying an additional 6,322 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Gentex during the second quarter worth approximately $204,000. Advisor Partners II LLC acquired a new stake in shares of Gentex in the 1st quarter valued at $202,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Gentex in the 1st quarter valued at $201,000. 86.76% of the stock is owned by institutional investors and hedge funds.

About Gentex

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, Republic of Korea, 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.