Equities research analysts expect Gentex Co. (NASDAQ:GNTX) to announce sales of $467.10 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Gentex’s earnings. The lowest sales estimate is $458.80 million and the highest is $470.42 million. Gentex reported sales of $454.98 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report on Friday, July 19th.

On average, analysts expect that Gentex will report full-year sales of $1.88 billion for the current fiscal year, with estimates ranging from $1.87 billion to $1.90 billion. For the next fiscal year, analysts expect that the business will report sales of $1.99 billion, with estimates ranging from $1.93 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Gentex.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Wednesday, April 24th. The auto parts company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Gentex had a return on equity of 23.03% and a net margin of 23.45%. The company had revenue of $468.60 million for the quarter, compared to analysts’ expectations of $463.79 million. During the same period in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis.

GNTX has been the topic of a number of recent research reports. Wells Fargo & Co reissued a “buy” rating on shares of Gentex in a report on Wednesday, January 30th. BidaskClub cut Gentex from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Jefferies Financial Group restated a “hold” rating and issued a $23.00 price target on shares of Gentex in a research report on Monday, February 4th. Zacks Investment Research cut Gentex from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Longbow Research cut Gentex from a “buy” rating to a “neutral” rating and set a $20.65 price target for the company. in a research report on Tuesday, February 5th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $22.28.

In related news, Director Gary F. Goode sold 5,045 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $23.20, for a total transaction of $117,044.00. Following the completion of the sale, the director now owns 21,045 shares in the company, valued at $488,244. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew Chiodo sold 3,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.82, for a total value of $62,460.00. Following the sale, the vice president now owns 34,454 shares of the company’s stock, valued at approximately $717,332.28. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 2,009 shares of company stock valued at $35,318 and have sold 10,731 shares valued at $235,427. Company insiders own 0.37% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GNTX. Bremer Trust National Association bought a new position in Gentex during the fourth quarter valued at approximately $25,000. Bremer Bank National Association acquired a new stake in shares of Gentex during the 1st quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Gentex during the 1st quarter valued at approximately $27,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Gentex during the 4th quarter valued at approximately $27,000. Finally, Brand Asset Management Group Inc. acquired a new stake in shares of Gentex during the 1st quarter valued at approximately $70,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Shares of NASDAQ:GNTX traded down $0.29 during midday trading on Friday, reaching $22.08. 635,405 shares of the company’s stock traded hands, compared to its average volume of 1,781,526. The company has a market cap of $5.72 billion, a P/E ratio of 13.63, a PEG ratio of 2.24 and a beta of 1.14. Gentex has a one year low of $17.80 and a one year high of $25.41.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.115 per share. The ex-dividend date was Tuesday, April 9th. This represents a $0.46 annualized dividend and a dividend yield of 2.08%. This is a boost from Gentex’s previous quarterly dividend of $0.11. Gentex’s dividend payout ratio (DPR) is currently 28.40%.

Gentex Company Profile

Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.

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Earnings History and Estimates for Gentex (NASDAQ:GNTX)

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