Gentex (GNTX) Set to Announce Quarterly Earnings on Friday

Gentex (NASDAQ:GNTX) is scheduled to be issuing its quarterly earnings data 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Gentex had a return on equity of 19.25% and a net margin of 18.63%. The firm had revenue of $589.13 million for the quarter, compared to the consensus estimate of $563.42 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue was up 19.3% compared to the same quarter last year. 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 1.4 %

Shares of NASDAQ GNTX opened at $35.16 on Thursday. Gentex has a twelve month low of $25.85 and a twelve month high of $37.58. The stock’s 50 day moving average price is $35.69 and its 200-day moving average price is $33.05. The company has a market capitalization of $8.13 billion, a PE ratio of 19.11, a PEG ratio of 0.72 and a beta of 0.99.

Gentex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, April 5th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.48 annualized dividend and a yield of 1.37%. Gentex’s payout ratio is 26.09%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Gentex

In other Gentex news, Director Richard O. Schaum sold 6,022 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now directly owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Richard O. Schaum sold 6,022 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $33.93, for a total transaction of $204,326.46. Following the completion of the sale, the director now directly owns 62,555 shares in the company, valued at $2,122,491.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin C. Nash sold 13,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $33.04, for a total transaction of $446,040.00. Following the sale, the chief financial officer now owns 44,321 shares of the company’s stock, valued at $1,464,365.84. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.