Wall Street analysts expect that Gentex Co. (NASDAQ:GNTX) will announce $474.28 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Gentex’s earnings, with estimates ranging from $465.33 million to $488.50 million. Gentex reported sales of $453.54 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.6%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 20th.
According to Zacks, analysts expect that Gentex will report full year sales of $474.28 million for the current financial year, with estimates ranging from $1.93 billion to $1.95 billion. For the next year, analysts anticipate that the company will report sales of $2.07 billion per share, with estimates ranging from $2.04 billion to $2.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Gentex had a net margin of 22.66% and a return on equity of 18.35%. The firm had revenue of $459.57 million for the quarter, compared to the consensus estimate of $449.43 million. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year.
In related news, insider Kevin C. Nash sold 7,874 shares of Gentex stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total value of $184,251.60. Following the completion of the sale, the insider now directly owns 34,062 shares in the company, valued at approximately $797,050.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott P. Ryan sold 7,220 shares of Gentex stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $23.66, for a total transaction of $170,825.20. Following the completion of the sale, the general counsel now owns 21,329 shares of the company’s stock, valued at $504,644.14. The disclosure for this sale can be found here. Insiders sold a total of 27,094 shares of company stock valued at $635,877 over the last quarter. 2.50% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its stake in Gentex by 18.1% in the 4th quarter. Aperio Group LLC now owns 87,191 shares of the auto parts company’s stock worth $1,827,000 after purchasing an additional 13,351 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Gentex by 12.7% in the 4th quarter. Victory Capital Management Inc. now owns 92,969 shares of the auto parts company’s stock worth $1,948,000 after purchasing an additional 10,453 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Gentex by 19.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,106 shares of the auto parts company’s stock worth $568,000 after purchasing an additional 4,425 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Gentex by 1.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 233,169 shares of the auto parts company’s stock valued at $4,885,000 after acquiring an additional 3,595 shares during the period. Finally, Weatherly Asset Management L. P. acquired a new stake in Gentex during the 4th quarter valued at approximately $236,000. Institutional investors own 81.39% of the company’s stock.
Gentex (NASDAQ GNTX) opened at $22.50 on Monday. Gentex has a 12-month low of $16.59 and a 12-month high of $24.07. The stock has a market cap of $6,387.81, a P/E ratio of 15.96, a PEG ratio of 1.44 and a beta of 1.31.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, January 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, January 4th. Gentex’s dividend payout ratio (DPR) is presently 28.37%.
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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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