Gentex Co. (GNTX) Expected to Announce Quarterly Sales of $471.70 Million
Analysts predict that Gentex Co. (NASDAQ:GNTX) will report sales of $471.70 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Gentex’s earnings, with the lowest sales estimate coming in at $462.86 million and the highest estimate coming in at $483.44 million. Gentex posted sales of $438.63 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The company is expected to issue its next quarterly earnings report before the market opens on Friday, October 19th.
According to Zacks, analysts expect that Gentex will report full-year sales of $1.89 billion for the current year, with estimates ranging from $1.87 billion to $1.90 billion. For the next financial year, analysts forecast that the company will report sales of $2.05 billion, with estimates ranging from $2.02 billion to $2.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Gentex.
Gentex (NASDAQ:GNTX) last posted its quarterly earnings results on Friday, October 19th. The auto parts company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Gentex had a return on equity of 20.27% and a net margin of 24.25%. The business had revenue of $460.25 million for the quarter, compared to analysts’ expectations of $465.51 million. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.
GNTX opened at $19.93 on Friday. Gentex has a 1-year low of $17.80 and a 1-year high of $25.41. The firm has a market capitalization of $5.09 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.04 and a beta of 1.31.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Friday, October 5th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, October 4th. Gentex’s dividend payout ratio is 34.38%.
In other news, CFO Kevin C. Nash sold 6,000 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $21.50, for a total transaction of $129,000.00. Following the sale, the chief financial officer now directly owns 32,732 shares of the company’s stock, valued at approximately $703,738. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard O. Schaum bought 5,000 shares of Gentex stock in a transaction dated Thursday, August 2nd. The shares were bought at an average cost of $22.99 per share, for a total transaction of $114,950.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 5,155 shares of company stock worth $117,777. Insiders own 0.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. West Coast Financial LLC grew its holdings in shares of Gentex by 66.0% during the 3rd quarter. West Coast Financial LLC now owns 240,438 shares of the auto parts company’s stock worth $5,160,000 after purchasing an additional 95,603 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Gentex during the 3rd quarter worth $505,000. Northstar Investment Advisors LLC acquired a new stake in shares of Gentex during the 3rd quarter worth $6,032,000. Hendershot Investments Inc. grew its holdings in shares of Gentex by 21.6% during the 3rd quarter. Hendershot Investments Inc. now owns 241,945 shares of the auto parts company’s stock worth $5,192,000 after purchasing an additional 43,010 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Gentex by 27.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 199,220 shares of the auto parts company’s stock worth $4,275,000 after purchasing an additional 42,400 shares in the last quarter. 85.80% of the stock is currently owned by institutional investors.
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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