B. Riley Has Bearish Estimate for Gentex FY2025 Earnings

Gentex Co. (NASDAQ:GNTX) – Equities researchers at B. Riley reduced their FY2025 EPS estimates for shares of Gentex in a research report issued on Monday, April 28th. B. Riley analyst J. Nichols now expects that the auto parts company will post earnings of $1.59 per share for the year, down from their previous forecast of $1.89. B. Riley currently has a “Buy” rating and a $32.50 target price on the stock. The consensus estimate for Gentex’s current full-year earnings is $2.04 per share. B. Riley also issued estimates for Gentex’s FY2026 earnings at $1.69 EPS.

GNTX has been the subject of several other reports. Robert W. Baird reissued a “neutral” rating and set a $25.00 price target (down from $31.00) on shares of Gentex in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Baird R W cut Gentex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. The Goldman Sachs Group decreased their target price on Gentex from $28.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Guggenheim cut their price target on Gentex from $30.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.31.

Gentex Price Performance

GNTX stock opened at $21.78 on Thursday. The stock has a market capitalization of $4.93 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.84 and a beta of 0.84. Gentex has a fifty-two week low of $20.28 and a fifty-two week high of $35.33. The business has a 50-day moving average of $23.07 and a 200-day moving average of $26.73.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, April 25th. The auto parts company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $576.77 million for the quarter, compared to analysts’ expectations of $578.68 million. Gentex had a net margin of 17.49% and a return on equity of 16.74%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS.

Gentex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.20%. Gentex’s payout ratio is presently 28.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Michigan Retirement System raised its holdings in Gentex by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 54,440 shares of the auto parts company’s stock valued at $1,268,000 after acquiring an additional 600 shares in the last quarter. MJP Associates Inc. ADV raised its position in shares of Gentex by 27.9% in the 1st quarter. MJP Associates Inc. ADV now owns 10,541 shares of the auto parts company’s stock valued at $246,000 after buying an additional 2,300 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Gentex by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 632,955 shares of the auto parts company’s stock worth $14,748,000 after acquiring an additional 45,544 shares during the period. Values First Advisors Inc. boosted its position in shares of Gentex by 1.3% during the 1st quarter. Values First Advisors Inc. now owns 51,873 shares of the auto parts company’s stock worth $1,209,000 after acquiring an additional 676 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in Gentex in the first quarter valued at approximately $303,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Gentex Company Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.