Analysts Expect Gentex Co. (GNTX) Will Post Earnings of $0.32 Per Share
Equities research analysts expect Gentex Co. (NASDAQ:GNTX) to report earnings of $0.32 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Gentex’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.30. Gentex posted earnings per share of $0.31 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The company is scheduled to issue its next quarterly earnings report before the market opens on Friday, January 26th.
According to Zacks, analysts expect that Gentex will report full year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.30. For the next year, analysts anticipate that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.34 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Gentex.
Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, October 20th. The auto parts company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $438.63 million during the quarter, compared to the consensus estimate of $452.42 million. Gentex had a net margin of 20.80% and a return on equity of 18.45%. Gentex’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS.
Shares of Gentex (NASDAQ:GNTX) opened at $22.80 on Wednesday. The company has a market cap of $6,470.00, a PE ratio of 18.10, a P/E/G ratio of 1.70 and a beta of 1.22. Gentex has a twelve month low of $16.59 and a twelve month high of $23.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, January 4th. Gentex’s dividend payout ratio (DPR) is 31.75%.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Gentex by 4.4% in the 2nd quarter. BlackRock Inc. now owns 24,223,258 shares of the auto parts company’s stock worth $459,513,000 after purchasing an additional 1,009,789 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Gentex by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,196,105 shares of the auto parts company’s stock valued at $440,030,000 after buying an additional 358,903 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Gentex by 3.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 6,827,345 shares of the auto parts company’s stock valued at $135,181,000 after buying an additional 237,855 shares in the last quarter. Scharf Investments LLC raised its position in shares of Gentex by 1.9% in the 3rd quarter. Scharf Investments LLC now owns 6,195,520 shares of the auto parts company’s stock valued at $122,671,000 after buying an additional 116,104 shares in the last quarter. Finally, Riverbridge Partners LLC raised its position in shares of Gentex by 12.6% in the 3rd quarter. Riverbridge Partners LLC now owns 5,273,063 shares of the auto parts company’s stock valued at $104,407,000 after buying an additional 592,011 shares in the last quarter. Institutional investors and hedge funds own 81.67% of the company’s stock.
Gentex Corporation designs and manufactures automatic-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. The Company’s business segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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