Equities research analysts expect Gentex Co. (NASDAQ:GNTX) to report sales of $478.41 million for the current quarter, according to Zacks. Five analysts have provided estimates for Gentex’s earnings, with the highest sales estimate coming in at $482.40 million and the lowest estimate coming in at $475.70 million. Gentex posted sales of $460.25 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to report its next earnings report on Friday, October 18th.
According to Zacks, analysts expect that Gentex will report full year sales of $1.89 billion for the current fiscal year, with estimates ranging from $1.88 billion to $1.89 billion. For the next financial year, analysts forecast that the business will report sales of $1.98 billion, with estimates ranging from $1.95 billion to $2.02 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last posted its earnings results on Friday, July 19th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. Gentex had a net margin of 23.28% and a return on equity of 23.08%. The firm had revenue of $468.71 million during the quarter, compared to the consensus estimate of $462.65 million. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS.
In related news, Director James A. Hollars sold 14,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $25.32, for a total value of $354,480.00. Following the transaction, the director now owns 51,707 shares in the company, valued at $1,309,221.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary F. Goode sold 2,586 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $27.60, for a total value of $71,373.60. Following the completion of the transaction, the director now directly owns 22,989 shares of the company’s stock, valued at approximately $634,496.40. The disclosure for this sale can be found here. Insiders sold 37,543 shares of company stock valued at $952,059 over the last 90 days. Insiders own 0.37% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its position in shares of Gentex by 4.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 35,250 shares of the auto parts company’s stock worth $867,000 after purchasing an additional 1,367 shares during the last quarter. Country Trust Bank grew its stake in Gentex by 1.9% in the second quarter. Country Trust Bank now owns 1,026,687 shares of the auto parts company’s stock worth $25,267,000 after purchasing an additional 18,937 shares in the last quarter. Boston Partners acquired a new position in Gentex in the first quarter worth about $76,910,000. Fort L.P. increased its holdings in Gentex by 38.9% in the first quarter. Fort L.P. now owns 80,992 shares of the auto parts company’s stock valued at $1,675,000 after buying an additional 22,700 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Gentex by 86.3% in the second quarter. State of Alaska Department of Revenue now owns 55,685 shares of the auto parts company’s stock valued at $1,369,000 after buying an additional 25,793 shares during the last quarter. Institutional investors own 80.99% of the company’s stock.
GNTX traded up $0.46 during trading on Friday, hitting $27.94. 910,158 shares of the company’s stock were exchanged, compared to its average volume of 1,536,093. Gentex has a 1 year low of $17.80 and a 1 year high of $27.94. The stock has a 50 day moving average price of $26.84 and a 200 day moving average price of $23.43. The firm has a market cap of $7.00 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.25 and a beta of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.65%. Gentex’s payout ratio is currently 28.40%.
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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