Zacks Research Issues Negative Estimate for Gentex Earnings

Gentex Corporation (NASDAQ:GNTX) – Investment analysts at Zacks Research dropped their Q1 2028 EPS estimates for Gentex in a report released on Friday, May 15th. Zacks Research analyst Team now expects that the auto parts company will earn $0.62 per share for the quarter, down from their prior estimate of $0.65. The consensus estimate for Gentex’s current full-year earnings is $1.96 per share.

Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, April 24th. The auto parts company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Gentex had a net margin of 14.75% and a return on equity of 16.27%. The business had revenue of $675.44 million during the quarter, compared to analyst estimates of $649.42 million. During the same quarter last year, the business earned $0.42 earnings per share. Gentex’s quarterly revenue was up 17.1% compared to the same quarter last year.

Several other equities analysts have also commented on the stock. B. Riley Financial reiterated a “buy” rating and set a $29.00 price objective (up from $28.00) on shares of Gentex in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Robert W. Baird increased their price objective on shares of Gentex from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. UBS Group set a $26.00 price objective on shares of Gentex in a research report on Sunday, April 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Gentex from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.83.

Gentex Stock Down 0.8%

GNTX stock opened at $22.68 on Tuesday. Gentex has a 52 week low of $20.48 and a 52 week high of $29.38. The company has a fifty day simple moving average of $22.20 and a two-hundred day simple moving average of $23.07. The firm has a market capitalization of $4.83 billion, a P/E ratio of 12.74 and a beta of 0.78.

Gentex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Gentex’s dividend payout ratio is currently 26.97%.

Insider Activity

In other news, Director Brian C. Walker sold 5,939 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total value of $136,478.22. Following the sale, the director owned 24,205 shares of the company’s stock, valued at approximately $556,230.90. This represents a 19.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph B. Anderson, Jr. sold 5,939 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $136,478.22. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 16,693 shares of company stock valued at $385,194. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its stake in Gentex by 21.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,479 shares of the auto parts company’s stock worth $58,000 after buying an additional 437 shares during the period. Gagnon Securities LLC increased its stake in Gentex by 0.8% in the 4th quarter. Gagnon Securities LLC now owns 55,672 shares of the auto parts company’s stock worth $1,295,000 after buying an additional 458 shares during the period. Arizona State Retirement System increased its stake in Gentex by 0.7% in the 3rd quarter. Arizona State Retirement System now owns 66,519 shares of the auto parts company’s stock worth $1,882,000 after buying an additional 487 shares during the period. First Citizens Bank & Trust Co. increased its stake in Gentex by 1.6% in the 1st quarter. First Citizens Bank & Trust Co. now owns 30,294 shares of the auto parts company’s stock worth $662,000 after buying an additional 487 shares during the period. Finally, Sei Investments Co. increased its stake in Gentex by 0.3% in the 1st quarter. Sei Investments Co. now owns 196,776 shares of the auto parts company’s stock worth $4,300,000 after buying an additional 521 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation (NASDAQ: GNTX) is a global technology company specializing in the design and manufacture of automotive and aerospace products. The company’s primary business centers on automatic-dimming rearview mirrors, advanced driver-assistance systems (ADAS), and camera-based driver monitoring technologies. In the automotive sector, Gentex supplies exterior and interior mirrors with integrated electronics, connectivity features, and safety capabilities to many of the world’s leading original equipment manufacturers (OEMs).