Gentex (GNTX) Announces Earnings Results
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%.
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.
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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