Gentex (GNTX) Set to Announce Quarterly Earnings on Friday

Gentex (NASDAQ:GNTX) is set to issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Gentex has set its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). Gentex had a return on equity of 17.78% and a net margin of 17.87%. The business had revenue of $572.93 million during the quarter, compared to the consensus estimate of $623.28 million. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Stock Performance

GNTX opened at $29.52 on Thursday. The stock has a market capitalization of $6.82 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The stock’s 50 day moving average price is $29.90 and its 200-day moving average price is $32.27. Gentex has a 52-week low of $27.86 and a 52-week high of $37.58.

Gentex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. Gentex’s dividend payout ratio is 25.40%.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com lowered shares of Gentex from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Bank of America reduced their target price on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on Gentex from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. BNP Paribas downgraded shares of Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group reduced their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.13.

Insider Buying and Selling

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of $5.00 per share, for a total transaction of $15,762,500.00. Following the purchase, the insider now owns 6,463,808 shares in the company, valued at $32,319,040. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Gentex Company Profile

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.