Gentex Corp. (GNTX) Set to Announce Earnings on Thursday
Gentex Corp. (NASDAQ:GNTX) is set to post its quarterly earnings results before the market opens on Thursday, October 20th. Analysts expect Gentex Corp. to post earnings of $0.30 per share for the quarter.
Gentex Corp. (NASDAQ:GNTX) last announced its earnings results on Friday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $423.80 million for the quarter, compared to analyst estimates of $416.99 million. Gentex Corp. had a net margin of 20.52% and a return on equity of 19.26%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect Gentex Corp. to post $1.2 EPS for the current fiscal year and $1.3 EPS for the next fiscal year.
Gentex Corp. (NASDAQ:GNTX) opened at 17.43 on Tuesday. Gentex Corp. has a 12 month low of $12.93 and a 12 month high of $18.30. The stock’s 50 day moving average is $17.59 and its 200-day moving average is $16.67. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 15.29 and a beta of 1.10.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Friday, October 7th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, October 5th. Gentex Corp.’s dividend payout ratio (DPR) is presently 31.30%.
Several equities analysts recently commented on GNTX shares. Wells Fargo & Co. reissued an “outperform” rating and set a $19.00 price target on shares of Gentex Corp. in a research report on Tuesday, September 13th. Zacks Investment Research raised Gentex Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Friday, June 24th.
In other Gentex Corp. news, CFO Steven R. Downing sold 8,820 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $17.62, for a total value of $155,408.40. Following the transaction, the chief financial officer now directly owns 49,615 shares of the company’s stock, valued at approximately $874,216.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gary F. Goode sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $17.57, for a total value of $421,680.00. Following the completion of the transaction, the director now directly owns 28,000 shares in the company, valued at $491,960. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Reliance Trust Co. of Delaware raised its stake in Gentex Corp. by 1.3% in the second quarter. Reliance Trust Co. of Delaware now owns 22,223 shares of the company’s stock valued at $344,000 after buying an additional 284 shares in the last quarter. United Services Automobile Association raised its stake in Gentex Corp. by 2.5% in the second quarter. United Services Automobile Association now owns 25,650 shares of the company’s stock valued at $396,000 after buying an additional 630 shares in the last quarter. Sei Investments Co. raised its stake in Gentex Corp. by 0.3% in the second quarter. Sei Investments Co. now owns 216,629 shares of the company’s stock valued at $3,348,000 after buying an additional 639 shares in the last quarter. Allianz Asset Management AG raised its stake in Gentex Corp. by 5.0% in the second quarter. Allianz Asset Management AG now owns 31,534 shares of the company’s stock valued at $487,000 after buying an additional 1,500 shares in the last quarter. Finally, Redmond Asset Management LLC raised its stake in Gentex Corp. by 1.5% in the second quarter. Redmond Asset Management LLC now owns 157,035 shares of the company’s stock valued at $2,426,000 after buying an additional 2,370 shares in the last quarter. 86.15% of the stock is currently owned by institutional investors.
About Gentex Corp.
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 segments include Automotive Products and Other, which includes Fire Protection Products and Dimmable Aircraft Windows.
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