Gentex (NASDAQ:GNTX) posted its quarterly earnings data on Friday. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42, MarketWatch Earnings reports. The firm had revenue of $460.25 million for the quarter, compared to the consensus estimate of $465.51 million. Gentex had a net margin of 24.25% and a return on equity of 20.27%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. Gentex updated its FY 2018 guidance to EPS and its FY 2019 guidance to EPS.

GNTX opened at $19.93 on Friday. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.03 and a beta of 1.31. Gentex has a 1 year low of $17.80 and a 1 year high of $25.41.

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 dividend of $0.11 per share. 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 related news, Director Richard O. Schaum purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were bought at an average cost of $22.99 per share, with a total value of $114,950.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Nash sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $21.50, for a total transaction of $129,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,732 shares in the company, valued at $703,738. The disclosure for this sale can be found here. Insiders purchased a total of 5,155 shares of company stock worth $117,777 over the last three months. 0.60% of the stock is owned by insiders.

A number of research firms have issued reports on GNTX. BidaskClub downgraded shares of Gentex from a “buy” rating to a “hold” rating in a report on Saturday, June 23rd. Zacks Investment Research raised shares of Gentex from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Longbow Research set a $28.00 price objective on shares of Gentex and gave the stock a “buy” rating in a report on Friday, August 24th. Finally, ValuEngine downgraded shares of Gentex from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.38.

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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Earnings History for Gentex (NASDAQ:GNTX)

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