Wall Street brokerages expect Gentex Co. (NASDAQ:GNTX) to report $471.70 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Gentex’s earnings. The lowest sales estimate is $462.86 million and the highest is $483.44 million. Gentex posted sales of $438.63 million in the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, October 19th.
On average, analysts expect that Gentex will report full year sales of $1.89 billion for the current financial year, with estimates ranging from $1.87 billion to $1.90 billion. For the next year, analysts forecast that the firm will post sales of $2.05 billion, with estimates ranging from $2.02 billion to $2.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The business had revenue of $460.25 million during the quarter, compared to analyst estimates of $465.51 million. Gentex had a net margin of 24.25% and a return on equity of 20.27%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share.
In related news, CFO Kevin C. Nash sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $21.50, for a total value of $129,000.00. Following the completion of the sale, the chief financial officer now directly owns 32,732 shares in the company, valued at $703,738. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard O. Schaum bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was bought at an average price of $22.99 per share, with a total value of $114,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 5,155 shares of company stock valued at $117,777. 0.60% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its holdings in Gentex by 0.3% in the second quarter. American International Group Inc. now owns 616,195 shares of the auto parts company’s stock valued at $14,185,000 after purchasing an additional 2,098 shares during the period. MUFG Americas Holdings Corp grew its stake in Gentex by 61.9% during the second quarter. MUFG Americas Holdings Corp now owns 5,665 shares of the auto parts company’s stock worth $130,000 after buying an additional 2,165 shares during the period. Vident Investment Advisory LLC grew its stake in Gentex by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 148,838 shares of the auto parts company’s stock worth $3,426,000 after buying an additional 2,232 shares during the period. OppenheimerFunds Inc. grew its stake in Gentex by 9.9% during the second quarter. OppenheimerFunds Inc. now owns 25,636 shares of the auto parts company’s stock worth $590,000 after buying an additional 2,309 shares during the period. Finally, Wright Investors Service Inc. grew its stake in Gentex by 4.4% during the second quarter. Wright Investors Service Inc. now owns 58,400 shares of the auto parts company’s stock worth $1,344,000 after buying an additional 2,465 shares during the period. Hedge funds and other institutional investors own 85.80% of the company’s stock.
NASDAQ:GNTX opened at $19.93 on Friday. The company has a market capitalization of $5.09 billion, a PE ratio of 15.57, a PEG ratio of 1.04 and a beta of 1.31. Gentex has a 1-year low of $17.80 and a 1-year high of $25.41.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, October 5th were issued a $0.11 dividend. The ex-dividend date was Thursday, October 4th. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. Gentex’s payout ratio is 34.38%.
Gentex Company Profile
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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