Wall Street analysts expect Gentex Co. (NASDAQ:GNTX) to announce $449.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Gentex’s earnings, with estimates ranging from $437.31 million to $456.00 million. Gentex reported sales of $419.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, January 26th.
On average, analysts expect that Gentex will report full year sales of $449.68 million for the current fiscal year, with estimates ranging from $1.77 billion to $1.79 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.93 billion per share, with estimates ranging from $1.89 billion to $1.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $438.63 million during the quarter, compared to analysts’ expectations of $452.42 million. Gentex had a return on equity of 18.45% and a net margin of 20.80%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNTX. Northwestern Mutual Wealth Management Co. lifted its stake in Gentex by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,293 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 368 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Gentex during the third quarter worth $105,000. Ffcm LLC bought a new stake in Gentex during the third quarter worth $174,000. Verition Fund Management LLC bought a new stake in Gentex during the second quarter worth $195,000. Finally, Hikari Power Ltd bought a new stake in Gentex during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 81.67% of the company’s stock.
Shares of Gentex (GNTX) remained flat at $$22.81 during mid-day trading on Friday. 1,293,721 shares of the company traded hands, compared to its average volume of 2,751,777. The firm has a market capitalization of $6,440.00, a P/E ratio of 18.10, a PEG ratio of 1.66 and a beta of 1.22. Gentex has a one year low of $16.59 and a one year high of $23.14.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, January 4th. Gentex’s payout ratio is presently 31.75%.
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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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