Analysts expect Gentex Co. (NASDAQ:GNTX) to post earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Gentex’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.40. Gentex also reported earnings per share of $0.40 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Friday, July 19th.
On average, analysts expect that Gentex will report full year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.67. For the next financial year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.50 to $1.85. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Wednesday, April 24th. The auto parts company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.01. Gentex had a return on equity of 23.03% and a net margin of 23.45%. The company had revenue of $468.60 million during the quarter, compared to the consensus estimate of $463.79 million. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis.
Shares of GNTX traded down $0.05 during midday trading on Thursday, reaching $23.38. 1,269,694 shares of the stock were exchanged, compared to its average volume of 1,759,868. The company has a market capitalization of $5.88 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. Gentex has a 12-month low of $17.80 and a 12-month high of $25.41.
In other Gentex news, Director Gary F. Goode sold 5,045 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $23.20, for a total value of $117,044.00. Following the sale, the director now owns 21,045 shares of the company’s stock, valued at approximately $488,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew Chiodo sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.82, for a total value of $62,460.00. Following the completion of the sale, the vice president now directly owns 34,454 shares in the company, valued at approximately $717,332.28. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 2,009 shares of company stock worth $35,318 and sold 10,731 shares worth $235,427. Company insiders own 0.37% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norris Perne & French LLP MI lifted its holdings in shares of Gentex by 2.9% in the 1st quarter. Norris Perne & French LLP MI now owns 19,431 shares of the auto parts company’s stock worth $402,000 after acquiring an additional 544 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Gentex by 23.7% in the 1st quarter. Parallel Advisors LLC now owns 2,857 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 547 shares during the last quarter. Azimuth Capital Management LLC lifted its holdings in shares of Gentex by 0.5% in the 1st quarter. Azimuth Capital Management LLC now owns 106,800 shares of the auto parts company’s stock worth $2,209,000 after acquiring an additional 550 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Gentex by 0.4% in the 1st quarter. Mason Street Advisors LLC now owns 137,852 shares of the auto parts company’s stock worth $2,851,000 after acquiring an additional 555 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Gentex by 4.1% in the 1st quarter. Strs Ohio now owns 14,086 shares of the auto parts company’s stock worth $291,000 after acquiring an additional 558 shares during the last quarter. 82.67% 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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