Gentex (GNTX) Releases Earnings Results, Hits Estimates

Gentex (NASDAQ:GNTX) released its earnings results on Friday. The auto parts company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42, MarketWatch Earnings reports. The firm had revenue of $460.25 million for the quarter, compared to analysts’ expectations of $465.51 million. Gentex had a return on equity of 20.27% and a net margin of 24.25%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Gentex updated its FY 2018 guidance to EPS and its FY 2019 guidance to EPS.

Shares of NASDAQ GNTX traded up $1.09 during trading hours on Friday, reaching $19.71. The stock had a trading volume of 248,303 shares, compared to its average volume of 2,575,641. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.04 and a beta of 1.31. Gentex has a 52-week low of $18.51 and a 52-week high of $25.41.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, October 5th were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.23%. Gentex’s payout ratio is 34.38%.

In related news, Director Richard O. Schaum bought 5,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was bought at an average price of $22.99 per share, for a total transaction of $114,950.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Nash sold 6,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $21.50, for a total value of $129,000.00. Following the sale, the chief financial officer now owns 32,732 shares of the company’s stock, valued at approximately $703,738. The disclosure for this sale can be found here. Insiders purchased 5,155 shares of company stock valued at $117,777 in the last quarter. 0.60% of the stock is owned by company insiders.

A number of research analysts have recently commented on GNTX shares. Longbow Research reaffirmed a “buy” rating and set a $28.00 target price on shares of Gentex in a research note on Monday, July 23rd. BidaskClub raised Gentex from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised Gentex from a “sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, ValuEngine lowered 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 assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.75.

Gentex Company Profile

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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