Gentex (GNTX) to Release Earnings on Friday

Gentex (NASDAQ:GNTX) is scheduled to be posting its quarterly earnings results 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 interested in participating in the company’s earnings conference call can do so using this link.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $589.13 million during the quarter, compared to analyst estimates of $563.42 million. Gentex had a return on equity of 19.25% and a net margin of 18.63%. Gentex’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 earnings per share. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Trading Up 0.2 %

NASDAQ:GNTX opened at $33.58 on Friday. The firm has a market capitalization of $7.77 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.71 and a beta of 0.99. The stock has a 50 day moving average of $35.73 and a 200-day moving average of $32.97. Gentex has a 52 week low of $25.85 and a 52 week high of $37.58.

Gentex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, April 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, April 4th. Gentex’s dividend payout ratio (DPR) is presently 26.09%.

Insider Activity

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

Institutional Trading of Gentex

Several large investors have recently made changes to their positions in GNTX. Point72 Europe London LLP bought a new position in Gentex during the fourth quarter worth $25,000. Belpointe Asset Management LLC increased its position in shares of Gentex by 414.3% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 725 shares in the last quarter. Covestor Ltd increased its position in shares of Gentex by 79.2% during the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 834 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Gentex by 31.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 2,774 shares of the auto parts company’s stock worth $78,000 after acquiring an additional 667 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in Gentex in the 4th quarter worth about $93,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Wall Street Analyst Weigh In

GNTX has been the subject of a number of research analyst reports. StockNews.com upgraded Gentex from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. upped their target price on Gentex from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. The Goldman Sachs Group increased their price objective on Gentex from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Guggenheim increased their price objective on Gentex from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley increased their price objective on Gentex from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Gentex has an average rating of “Moderate Buy” and an average target price of $37.83.

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.