Gentex (GNTX) to Release Quarterly Earnings on Friday

Gentex (NASDAQ:GNTX - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Friday, October 25th. Analysts expect Gentex to post earnings of $0.52 per share for the quarter. Gentex has set its FY 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Gentex (NASDAQ:GNTX - Get Free Report) last released its quarterly earnings data on Friday, July 26th. The auto parts company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.15). The firm had revenue of $572.93 million for the quarter, compared to the consensus estimate of $623.28 million. Gentex had a net margin of 17.87% and a return on equity of 17.78%. On average, analysts expect Gentex to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gentex Trading Up 0.8 %

GNTX stock traded up $0.23 during midday trading on Friday, hitting $29.92. The stock had a trading volume of 964,891 shares, compared to its average volume of 1,448,822. Gentex has a 52 week low of $27.86 and a 52 week high of $37.58. The stock has a 50-day simple moving average of $29.83 and a 200 day simple moving average of $32.48. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 0.95 and a beta of 0.92.

Gentex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, October 9th. Gentex's dividend payout ratio is 25.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Gentex from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Monday, July 29th. UBS Group began coverage on shares of Gentex in a research report on Wednesday, September 4th. They set a "neutral" rating and a $34.00 target price for the company. JPMorgan Chase & Co. dropped their target price on shares of Gentex from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 22nd. BNP Paribas cut shares of Gentex from an "outperform" rating to a "neutral" rating and set a $34.00 target price for the company. in a research report on Tuesday, July 30th. Finally, B. Riley dropped their target price on shares of Gentex from $44.00 to $41.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gentex presently has an average rating of "Hold" and a consensus target price of $36.13.

Insider Activity at Gentex

In related news, major shareholder Corp Gentex acquired 3,152,500 shares of Gentex stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the transaction, the insider now directly owns 6,463,808 shares in the company, valued at $32,319,040. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

About Gentex

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers 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, automotive suppliers, and various aftermarket and accessory customers.