Zacks: Brokerages Anticipate Gentex Co. (GNTX) to Post $0.44 Earnings Per Share
Equities research analysts predict that Gentex Co. (NASDAQ:GNTX) will post $0.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Gentex’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. Gentex posted earnings per share of $0.33 in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to issue its next quarterly earnings report on Friday, January 25th.
On average, analysts expect that Gentex will report full year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.67. For the next financial year, analysts anticipate that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.60 to $1.87. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Gentex.
Gentex (NASDAQ:GNTX) last issued its quarterly earnings data on Friday, October 19th. The auto parts company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $460.25 million during the quarter, compared to the consensus estimate of $465.51 million. Gentex had a net margin of 25.11% and a return on equity of 21.83%. Gentex’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share.
NASDAQ:GNTX traded up $0.14 during trading hours on Monday, reaching $22.65. The company’s stock had a trading volume of 1,778,100 shares, compared to its average volume of 2,283,040. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Gentex has a 12 month low of $17.80 and a 12 month high of $25.41.
In other Gentex news, CFO Kevin C. Nash sold 6,000 shares of Gentex stock in a transaction 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 transaction, the chief financial officer now directly owns 32,732 shares of the company’s stock, valued at $703,738. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 1,155 shares of company stock worth $23,237 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC purchased a new position in Gentex in the second quarter worth $112,000. Fort L.P. purchased a new stake in shares of Gentex during the second quarter valued at $115,000. MUFG Americas Holdings Corp grew its holdings in shares of Gentex by 61.9% during the second quarter. MUFG Americas Holdings Corp now owns 5,665 shares of the auto parts company’s stock valued at $130,000 after buying an additional 2,165 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Gentex during the second quarter valued at $166,000. Finally, GAM Holding AG purchased a new stake in shares of Gentex during the second quarter valued at $218,000. 86.98% of the stock is currently owned by institutional investors and hedge funds.
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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