Zacks: Brokerages Anticipate Gentex Co. (NASDAQ:GNTX) Will Announce Earnings of $0.38 Per Share

Wall Street analysts forecast that Gentex Co. (NASDAQ:GNTX – Get Rating) will report earnings per share (EPS) of $0.38 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Gentex’s earnings, with estimates ranging from $0.36 to $0.40. Gentex posted earnings per share of $0.36 in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Gentex will report full year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.56 to $1.70. For the next financial year, analysts expect that the company will report earnings of $2.16 per share, with EPS estimates ranging from $2.01 to $2.24. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Gentex.

Gentex (NASDAQ:GNTX – Get Rating) last announced its earnings results on Friday, April 22nd. The auto parts company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Gentex had a net margin of 19.52% and a return on equity of 17.46%. The company had revenue of $468.50 million during the quarter, compared to the consensus estimate of $432.40 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis.

A number of equities analysts have weighed in on the stock. Exane BNP Paribas began coverage on shares of Gentex in a research note on Monday, April 11th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Wednesday, April 27th. BNP Paribas began coverage on shares of Gentex in a research report on Monday, April 11th. They set an “outperform” rating for the company. The Goldman Sachs Group lowered their price target on shares of Gentex from $28.00 to $25.00 and set a “sell” rating for the company in a research report on Tuesday, March 22nd. Finally, StockNews.com began coverage on shares of Gentex in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $33.38.

Shares of NASDAQ GNTX traded down $0.51 during trading on Tuesday, reaching $28.58. The company had a trading volume of 1,074,241 shares, compared to its average volume of 1,189,835. Gentex has a 52 week low of $27.06 and a 52 week high of $37.90. The stock has a market cap of $6.70 billion, a PE ratio of 20.31, a PEG ratio of 1.56 and a beta of 0.89. The business’s 50 day moving average price is $28.81 and its 200-day moving average price is $32.20.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Friday, April 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, April 7th. Gentex’s dividend payout ratio is currently 34.29%.

In other news, VP Matthew Chiodo sold 5,700 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $29.24, for a total value of $166,668.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven R. Downing sold 31,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $31.50, for a total transaction of $976,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,354 shares of company stock valued at $5,206,731. Corporate insiders own 0.16% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in GNTX. KRS Capital Management LLC bought a new stake in shares of Gentex in the fourth quarter worth $28,000. National Bank of Canada FI bought a new stake in shares of Gentex in the fourth quarter worth $30,000. Clearstead Advisors LLC bought a new stake in shares of Gentex in the third quarter worth $31,000. Benjamin Edwards Inc. bought a new stake in shares of Gentex in the fourth quarter worth $33,000. Finally, Wagner Wealth Management LLC bought a new stake in shares of Gentex in the fourth quarter worth $35,000. Institutional investors own 86.24% of the company’s stock.

Gentex Company Profile (Get Rating)

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, 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.

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