Seaport Res Ptn Weighs in on Gentex Co.’s Q3 2024 Earnings (NASDAQ:GNTX)

Gentex Co. (NASDAQ:GNTX) – Analysts at Seaport Res Ptn boosted their Q3 2024 EPS estimates for Gentex in a report released on Sunday, April 28th. Seaport Res Ptn analyst G. Chin now expects that the auto parts company will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.53. The consensus estimate for Gentex’s current full-year earnings is $2.17 per share. Seaport Res Ptn also issued estimates for Gentex’s Q4 2024 earnings at $0.56 EPS and FY2025 earnings at $2.31 EPS.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, April 26th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $590.23 million for the quarter, compared to analysts’ expectations of $600.38 million. Gentex had a return on equity of 19.19% and a net margin of 18.77%. Gentex’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share.

A number of other research analysts have also commented on GNTX. The Goldman Sachs Group upped their price target on Gentex from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Guggenheim upped their target price on shares of Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on Gentex from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. StockNews.com cut Gentex from a “buy” rating to a “hold” rating in a report on Monday. Finally, B. Riley boosted their price target on shares of Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Gentex presently has a consensus rating of “Hold” and an average target price of $37.83.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $33.96 on Tuesday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.73 and a beta of 0.99. The business has a 50-day moving average of $35.63 and a two-hundred day moving average of $33.15. Gentex has a fifty-two week low of $25.86 and a fifty-two week high of $37.58.

Gentex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, April 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.41%. Gentex’s dividend payout ratio (DPR) is presently 25.40%.

Insider Buying and Selling

In other Gentex 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 transaction, the chief financial officer now owns 44,321 shares in the company, valued at approximately $1,464,365.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Gentex

A number of large investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new position in shares of Gentex during the fourth quarter worth $29,000. National Bank of Canada FI increased its stake in shares of Gentex by 159.1% in the 4th quarter. National Bank of Canada FI now owns 930 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 571 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Gentex by 123.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,203 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 665 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Gentex in the 4th quarter valued at about $46,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Gentex by 371.3% during the fourth quarter. Global Retirement Partners LLC now owns 2,738 shares of the auto parts company’s stock valued at $89,000 after acquiring an additional 2,157 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Company Profile

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.