Zacks Research Has Bullish Forecast for Gentex Q1 Earnings

Gentex Corporation (NASDAQ:GNTX) – Investment analysts at Zacks Research upped their Q1 2028 earnings per share estimates for shares of Gentex in a research report issued to clients and investors on Thursday, April 9th. Zacks Research analyst Team now forecasts that the auto parts company will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.63. The consensus estimate for Gentex’s current full-year earnings is $2.04 per share. Zacks Research also issued estimates for Gentex’s FY2028 earnings at $2.60 EPS.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, January 30th. The auto parts company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Gentex had a return on equity of 16.05% and a net margin of 15.19%.The firm had revenue of $644.40 million for the quarter, compared to the consensus estimate of $650.90 million. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s revenue was up 19.0% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Robert W. Baird set a $26.00 target price on Gentex in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Gentex in a research note on Thursday, January 22nd. UBS Group set a $25.00 target price on Gentex in a research note on Monday, February 2nd. B. Riley Financial dropped their price objective on Gentex from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Finally, Freedom Capital upgraded Gentex to a “strong-buy” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.71.

Gentex Stock Down 1.0%

Shares of NASDAQ GNTX opened at $21.99 on Friday. Gentex has a twelve month low of $20.48 and a twelve month high of $29.38. The stock’s 50 day moving average price is $22.69 and its 200-day moving average price is $23.75. The company has a market capitalization of $4.74 billion, a PE ratio of 12.64 and a beta of 0.77.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $0.48 annualized dividend and a yield of 2.2%. Gentex’s dividend payout ratio is presently 27.59%.

Insider Activity at Gentex

In related news, CFO Kevin C. Nash sold 11,885 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $24.98, for a total value of $296,887.30. Following the transaction, the chief financial officer owned 59,430 shares in the company, valued at approximately $1,484,561.40. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven R. Downing sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $24.75, for a total value of $866,250.00. Following the completion of the transaction, the chief executive officer owned 211,670 shares in the company, valued at approximately $5,238,832.50. The trade was a 14.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 58,133 shares of company stock worth $1,442,313. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On Gentex

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Gentex during the third quarter worth $38,000. Arax Advisory Partners purchased a new stake in shares of Gentex during the fourth quarter worth $52,000. Employees Retirement System of Texas purchased a new stake in shares of Gentex during the fourth quarter worth $56,000. Clearstead Advisors LLC lifted its position in shares of Gentex by 82.3% during the third quarter. Clearstead Advisors LLC now owns 2,042 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 922 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Gentex by 2,420.7% during the third quarter. CIBC Private Wealth Group LLC now owns 2,067 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 1,985 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).