Equities analysts forecast that Gentex Co. (NASDAQ:GNTX) will announce sales of $465.39 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Gentex’s earnings, with the highest sales estimate coming in at $473.90 million and the lowest estimate coming in at $454.60 million. Gentex reported sales of $465.42 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 19th.
According to Zacks, analysts expect that Gentex will report full-year sales of $1.88 billion for the current fiscal year, with estimates ranging from $1.85 billion to $1.89 billion. For the next financial year, analysts expect that the company will post sales of $1.98 billion, with estimates ranging from $1.92 billion to $2.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gentex.
Get Gentex alerts:Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Wednesday, January 30th. The auto parts company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). The firm had revenue of $453.40 million during the quarter, compared to analysts’ expectations of $477.41 million. Gentex had a net margin of 23.88% and a return on equity of 23.06%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS.
Several research firms have weighed in on GNTX. Wells Fargo & Co reiterated a “buy” rating on shares of Gentex in a research note on Wednesday, January 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $23.00 price objective on shares of Gentex in a research note on Monday, February 4th. ValuEngine upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research lowered shares of Gentex from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 7th. Finally, BidaskClub lowered shares of Gentex from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.46.
In other news, Director James H. Wallace sold 24,000 shares of the stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $21.40, for a total transaction of $513,600.00. Following the transaction, the director now owns 29,400 shares in the company, valued at approximately $629,160. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Scott P. Ryan sold 3,000 shares of the stock in a transaction on Sunday, December 30th. The stock was sold at an average price of $19.88, for a total transaction of $59,640.00. Following the transaction, the general counsel now owns 22,513 shares in the company, valued at approximately $447,558.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,000 shares of company stock worth $632,880. 0.60% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in Gentex by 20.4% in the 4th quarter. Bessemer Group Inc. now owns 3,891 shares of the auto parts company’s stock valued at $78,000 after buying an additional 658 shares during the last quarter. ETF Managers Group LLC grew its stake in Gentex by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 5,663 shares of the auto parts company’s stock valued at $114,000 after buying an additional 771 shares during the last quarter. Gagnon Securities LLC grew its stake in Gentex by 1.9% in the 4th quarter. Gagnon Securities LLC now owns 46,114 shares of the auto parts company’s stock valued at $932,000 after buying an additional 842 shares during the last quarter. Cardinal Capital Management grew its stake in Gentex by 3.0% in the 4th quarter. Cardinal Capital Management now owns 30,619 shares of the auto parts company’s stock valued at $618,000 after buying an additional 901 shares during the last quarter. Finally, Cascade Investment Advisors Inc. grew its stake in Gentex by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 44,000 shares of the auto parts company’s stock valued at $889,000 after buying an additional 925 shares during the last quarter. Institutional investors own 82.46% of the company’s stock.
Gentex stock traded down $0.13 during trading hours on Friday, hitting $20.55. The company had a trading volume of 1,567,372 shares, compared to its average volume of 2,118,240. The firm has a market cap of $5.36 billion, a PE ratio of 12.69, a P/E/G ratio of 1.51 and a beta of 1.11. Gentex has a fifty-two week low of $17.80 and a fifty-two week high of $25.41.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.115 per share. This is a positive change from Gentex’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $0.46 annualized dividend and a dividend yield of 2.24%. Gentex’s dividend payout ratio is 27.16%.
About Gentex
Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features 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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