Gentex Corp. (NASDAQ:GNTX) is set to announce its earnings results before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
Gentex Corp. (NASDAQ:GNTX) last issued its quarterly earnings data 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 analysts’ expectations of $416.99 million. Gentex Corp. had a return on equity of 19.26% and a net margin of 20.52%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. 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.
Shares of Gentex Corp. (NASDAQ:GNTX) opened at 17.27 on Wednesday. Gentex Corp. has a one year low of $12.93 and a one year high of $18.30. The company’s 50-day moving average price is $17.57 and its 200-day moving average price is $16.68. The stock has a market cap of $4.95 billion, a PE ratio of 15.15 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Friday, October 7th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, October 5th. Gentex Corp.’s payout ratio is 31.30%.
In other Gentex Corp. news, Director Gary F. Goode sold 24,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $17.57, for a total transaction of $421,680.00. Following the completion of the sale, the director now owns 28,000 shares of the company’s stock, valued at $491,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Scott P. Ryan sold 5,132 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $17.77, for a total value of $91,195.64. Following the sale, the general counsel now directly owns 14,446 shares of the company’s stock, valued at approximately $256,705.42. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Pine River Capital Management L.P. bought a new stake in Gentex Corp. during the second quarter valued at about $933,000. AHL Partners LLP raised its stake in Gentex Corp. by 52.3% in the second quarter. AHL Partners LLP now owns 37,064 shares of the company’s stock valued at $573,000 after buying an additional 12,730 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Gentex Corp. by 98.2% in the second quarter. Cubist Systematic Strategies LLC now owns 53,728 shares of the company’s stock valued at $830,000 after buying an additional 26,621 shares in the last quarter. Paloma Partners Management Co raised its stake in Gentex Corp. by 132.1% in the second quarter. Paloma Partners Management Co now owns 46,806 shares of the company’s stock valued at $723,000 after buying an additional 26,639 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Gentex Corp. by 1.7% in the second quarter. Parametric Portfolio Associates LLC now owns 415,983 shares of the company’s stock valued at $6,427,000 after buying an additional 7,073 shares in the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on GNTX. Zacks Investment Research raised Gentex Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, July 27th. Wells Fargo & Co. reissued an “outperform” rating and issued a $19.00 target price on shares of Gentex Corp. in a report on Tuesday, September 13th.
Gentex Corp. Company Profile
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.
Receive News & Ratings for Gentex Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex Corp. and related companies with MarketBeat.com's FREE daily email newsletter.