Gentex Corp. (GNTX) Releases Quarterly Earnings, Beats Expectations By $0.06 EPS
Gentex Corp. (NASDAQ:GNTX) released its earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.06, AR Network reports. The company had revenue of $288.60 million for the quarter, compared to the consensus estimate of $277.24 million. During the same quarter last year, the company posted $0.29 earnings per share. Gentex Corp.’s revenue was up 7.6% compared to the same quarter last year.
Gentex Corp. (NASDAQ:GNTX) opened at 27.59 on Tuesday. Gentex Corp. has a one year low of $15.25 and a one year high of $27.93. The stock’s 50-day moving average is $25.3 and its 200-day moving average is $23.52. The company has a market cap of $3.980 billion and a P/E ratio of 22.07.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Gentex Corp. in a research note to investors on Monday. They now have a $27.00 price target on the stock. On the ratings front, analysts at Thomson Reuters/Verus downgraded shares of Gentex Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 14th. Finally, analysts at Thomson Reuters/Verus upgraded shares of Gentex Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Gentex Corp. presently has a consensus rating of “Hold” and a consensus target price of $23.97.
Gentex Corporation is a supplier of automatic-dimming (NASDAQ:GNTX) rear-view mirrors and camera-based lighting-assist features to the global automotive industry.
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