Gentex (GNTX) Scheduled to Post Earnings on Friday

Gentex (NASDAQ:GNTX) will be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Gentex to post 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $589.13 million during the quarter, compared to the consensus estimate of $563.42 million. Gentex had a net margin of 18.63% and a return on equity of 19.25%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. 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 1.2 %

Shares of GNTX stock opened at $34.66 on Wednesday. The firm has a 50 day moving average price of $35.68 and a two-hundred day moving average price of $33.04. The company has a market capitalization of $8.02 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 0.72 and a beta of 0.99. Gentex has a 12-month low of $25.85 and a 12-month high of $37.58.

Gentex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, April 5th were given a $0.12 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.38%. Gentex’s payout ratio is 26.09%.

Insider Buying and Selling

In other Gentex news, CFO Kevin C. Nash sold 13,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total value of $446,040.00. Following the completion of the sale, the chief financial officer now directly owns 44,321 shares of the company’s stock, valued at approximately $1,464,365.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $33.04, for a total transaction 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 approximately $1,464,365.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GNTX shares. JPMorgan Chase & Co. lifted their price objective on shares of Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. StockNews.com raised shares of Gentex from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Guggenheim boosted their target price on shares of Gentex from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. B. Riley boosted their target price on shares of Gentex from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.83.

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.