Brokerages Anticipate Gentex Co. (GNTX) to Post $0.39 EPS
Equities research analysts predict that Gentex Co. (NASDAQ:GNTX) will announce earnings of $0.39 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Gentex’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. Gentex posted earnings of $0.40 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings results on Friday, April 19th.
According to Zacks, analysts expect that Gentex will report full-year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.67. For the next year, analysts forecast that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.45 to $1.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Wednesday, January 30th. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The business had revenue of $453.40 million for the quarter, compared to analyst estimates of $477.41 million. Gentex had a return on equity of 23.06% and a net margin of 23.88%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share.
Shares of NASDAQ:GNTX traded down $0.13 during midday trading on Thursday, reaching $20.55. 1,567,372 shares of the company’s stock were exchanged, compared to its average volume of 2,118,240. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.51 and a beta of 1.11. Gentex has a fifty-two week low of $17.80 and a fifty-two week high of $25.41.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.115 dividend. This is an increase from Gentex’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 2.24%. The ex-dividend date is Tuesday, April 9th. Gentex’s payout ratio is currently 27.16%.
In other Gentex news, Director James H. Wallace sold 24,000 shares of Gentex stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $21.40, for a total value of $513,600.00. Following the completion of the transaction, the director now directly owns 29,400 shares of the company’s stock, valued at approximately $629,160. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Scott P. Ryan sold 3,000 shares of Gentex stock in a transaction dated Sunday, December 30th. The shares were sold at an average price of $19.88, for a total value of $59,640.00. Following the completion of the transaction, the general counsel now directly owns 22,513 shares of the company’s stock, valued at $447,558.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock valued at $632,880. 0.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTX. Bremer Trust National Association purchased a new position in shares of Gentex in the 4th quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Gentex in the 4th quarter valued at about $27,000. Lindbrook Capital LLC purchased a new position in shares of Gentex in the 4th quarter valued at about $32,000. Enlightenment Research LLC purchased a new position in shares of Gentex in the 4th quarter valued at about $36,000. Finally, Parallel Advisors LLC boosted its stake in shares of Gentex by 728.0% in the 4th quarter. Parallel Advisors LLC now owns 2,310 shares of the auto parts company’s stock valued at $46,000 after buying an additional 2,031 shares during the period. 82.46% of the stock is owned by institutional investors.
Gentex Corporation provides automatic-dimming and non-dimming rearview mirrors, and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features 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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