Wall Street analysts expect Gentex Co. (NASDAQ:GNTX) to announce earnings per share of $0.36 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Gentex’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.31. Gentex posted earnings per share of $0.42 during the same quarter last year, which would indicate a negative year-over-year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report on Friday, July 17th.
On average, analysts expect that Gentex will report full-year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.23 to $1.32. For the next financial year, analysts anticipate that the company will report earnings of $1.70 per share, with EPS estimates ranging from $1.50 to $1.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last issued its earnings results on Friday, April 24th. The auto parts company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $453.76 million during the quarter, compared to analysts’ expectations of $430.65 million. Gentex had a net margin of 22.23% and a return on equity of 21.58%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS.
A number of equities analysts recently issued reports on GNTX shares. BidaskClub cut shares of Gentex from a “hold” rating to a “sell” rating in a research report on Friday, March 27th. Cfra lowered their price target on shares of Gentex from $35.00 to $30.00 and set a “buy” rating for the company in a report on Friday, April 24th. Goldman Sachs Group started coverage on Gentex in a research note on Tuesday, April 14th. They issued a “sell” rating and a $19.00 price target for the company. Zacks Investment Research lowered Gentex from a “hold” rating to a “sell” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, April 28th. Finally, Robert W. Baird upgraded Gentex from a “neutral” rating to an “outperform” rating and increased their target price for the company from $27.00 to $32.00 in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Gentex presently has a consensus rating of “Hold” and a consensus price target of $29.38.
Gentex stock opened at $25.77 on Friday. The stock has a market capitalization of $6.31 billion, a P/E ratio of 16.01 and a beta of 1.15. Gentex has a 52 week low of $19.48 and a 52 week high of $31.27. The stock has a fifty day moving average of $26.17 and a 200-day moving average of $26.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Friday, July 10th will be given a $0.12 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%. Gentex’s dividend payout ratio (DPR) is presently 28.92%.
Institutional investors and hedge funds have recently modified their holdings of the company. Smithfield Trust Co. boosted its holdings in Gentex by 174.7% in the first quarter. Smithfield Trust Co. now owns 1,305 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 830 shares during the last quarter. Tompkins Financial Corp acquired a new position in shares of Gentex in the 1st quarter worth approximately $29,000. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Gentex in the 4th quarter worth approximately $39,000. GQ Asset Management LLC acquired a new stake in shares of Gentex during the first quarter worth $32,000. Finally, Private Capital Group LLC raised its stake in Gentex by 2,267.6% during the first quarter. Private Capital Group LLC now owns 1,681 shares of the auto parts company’s stock worth $37,000 after buying an additional 1,610 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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