B. Riley Has Negative Estimate for Gentex FY2025 Earnings

Gentex Co. (NASDAQ:GNTX) – B. Riley reduced their FY2025 earnings estimates for shares of Gentex in a research report issued to clients and investors on Monday, April 28th. B. Riley analyst J. Nichols now forecasts that the auto parts company will earn $1.59 per share for the year, down from their prior estimate of $1.89. B. Riley has a “Buy” rating and a $32.50 price objective on the stock. The consensus estimate for Gentex’s current full-year earnings is $2.04 per share. B. Riley also issued estimates for Gentex’s FY2026 earnings at $1.69 EPS.

Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 25th. The auto parts company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. Gentex’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share.

Several other equities analysts have also weighed in on the stock. UBS Group dropped their price objective on shares of Gentex from $29.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price target (down from $31.00) on shares of Gentex in a research note on Tuesday, April 15th. The Goldman Sachs Group reduced their price objective on Gentex from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Guggenheim reduced their price target on shares of Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.31.

Gentex Stock Down 0.6 %

NASDAQ:GNTX opened at $21.66 on Thursday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex has a twelve month low of $20.28 and a twelve month high of $35.33. The company has a fifty day moving average of $23.02 and a 200-day moving average of $26.68.

Gentex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, April 9th. Gentex’s dividend payout ratio is 28.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Gentex by 179.7% in the third quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock valued at $59,404,000 after purchasing an additional 1,285,519 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Gentex by 16.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,787,311 shares of the auto parts company’s stock valued at $80,079,000 after buying an additional 386,461 shares during the period. LPL Financial LLC lifted its position in shares of Gentex by 31.6% during the 4th quarter. LPL Financial LLC now owns 189,254 shares of the auto parts company’s stock valued at $5,437,000 after buying an additional 45,475 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Gentex during the 4th quarter worth $24,479,000. Finally, Marshall Wace LLP purchased a new stake in Gentex in the 4th quarter worth about $10,868,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

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.