Gentex (NASDAQ:GNTX) Issues Earnings Results

Gentex (NASDAQ:GNTX) issued its quarterly earnings data on Friday. The auto parts company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02, RTT News reports. Gentex had a return on equity of 23.08% and a net margin of 23.28%. The firm had revenue of $468.71 million for the quarter, compared to analyst estimates of $462.65 million. During the same period in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Gentex updated its FY 2019 guidance to EPS and its FY 2020 guidance to EPS.

Shares of NASDAQ GNTX opened at $25.82 on Monday. The firm has a fifty day moving average price of $23.77. Gentex has a one year low of $17.80 and a one year high of $25.90. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 3.69 and a beta of 1.21.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 10th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, July 9th. Gentex’s dividend payout ratio is 28.40%.

A number of research analysts have commented on GNTX shares. Zacks Investment Research raised Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, June 12th. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets reaffirmed a “hold” rating on shares of First Majestic Silver in a report on Tuesday, April 2nd. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Gentex currently has an average rating of “Hold” and an average target price of $22.28.

In other news, Director Gary F. Goode sold 5,045 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $23.20, for a total transaction of $117,044.00. Following the sale, the director now directly owns 21,045 shares of the company’s stock, valued at approximately $488,244. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of Gentex during the 1st quarter worth $27,000. Bremer Bank National Association acquired a new stake in shares of Gentex during the 1st quarter worth $29,000. Icon Wealth Partners LLC acquired a new stake in shares of Gentex during the 1st quarter worth $31,000. Carroll Financial Associates Inc. grew its holdings in shares of Gentex by 159.1% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,285 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 789 shares in the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Gentex during the 1st quarter worth $33,000. 82.58% of the stock is currently owned by institutional investors.

Gentex Company Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Earnings History for Gentex (NASDAQ:GNTX)

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