Gentex Co. (NASDAQ:GNTX) Expected to Post Quarterly Sales of $263.19 Million

Analysts predict that Gentex Co. (NASDAQ:GNTX) will announce $263.19 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Gentex’s earnings. The highest sales estimate is $310.40 million and the lowest is $207.30 million. Gentex posted sales of $468.71 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 43.8%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, July 24th.

According to Zacks, analysts expect that Gentex will report full year sales of $1.62 billion for the current financial year, with estimates ranging from $1.58 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.91 billion, with estimates ranging from $1.79 billion to $2.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Gentex.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $453.76 million during the quarter, compared to analysts’ expectations of $430.65 million. Gentex had a return on equity of 21.58% and a net margin of 22.23%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS.

A number of equities research analysts have commented on the company. Goldman Sachs Group assumed coverage on Gentex in a research note on Tuesday, April 14th. They issued a “sell” rating and a $19.00 price target for the company. B. Riley reiterated a “buy” rating and issued a $32.00 price target on shares of Gentex in a research note on Monday. JPMorgan Chase & Co. increased their price target on Gentex from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, June 19th. BidaskClub cut Gentex from a “hold” rating to a “sell” rating in a research note on Friday, March 27th. Finally, Cfra decreased their price target on Gentex from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Gentex presently has a consensus rating of “Hold” and a consensus target price of $29.38.

Shares of NASDAQ GNTX traded up $0.45 during mid-day trading on Tuesday, reaching $25.98. 1,147,815 shares of the company were exchanged, compared to its average volume of 2,391,235. The firm has a 50-day moving average of $26.19 and a 200 day moving average of $26.71. Gentex has a 1 year low of $19.48 and a 1 year high of $31.27. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 16.14 and a beta of 1.14.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Friday, July 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, July 9th. Gentex’s dividend payout ratio (DPR) is 28.92%.

A number of institutional investors have recently bought and sold shares of the stock. Smithfield Trust Co. boosted its position in Gentex by 174.7% during the first quarter. Smithfield Trust Co. now owns 1,305 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 830 shares in the last quarter. Tompkins Financial Corp purchased a new position in Gentex during the first quarter worth approximately $29,000. Chevy Chase Trust Holdings Inc. purchased a new position in Gentex during the fourth quarter worth approximately $39,000. GQ Asset Management LLC purchased a new position in Gentex during the first quarter worth approximately $32,000. Finally, Private Capital Group LLC boosted its position in Gentex by 2,267.6% during the first quarter. Private Capital Group LLC now owns 1,681 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 1,610 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other 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 and Estimates for Gentex (NASDAQ:GNTX)

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