B. Riley Has Pessimistic Outlook of Gentex FY2025 Earnings

Gentex Co. (NASDAQ:GNTX) – Investment analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for Gentex in a research report issued on Monday, February 3rd. B. Riley analyst J. Nichols now anticipates that the auto parts company will post earnings per share of $1.89 for the year, down from their prior forecast of $2.01. B. Riley currently has a “Buy” rating and a $32.50 price target on the stock. The consensus estimate for Gentex’s current full-year earnings is $2.10 per share. B. Riley also issued estimates for Gentex’s FY2026 earnings at $2.04 EPS.

Several other analysts have also recently commented on GNTX. Bank of America lowered their price target on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Guggenheim lowered their price target on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, November 21st. UBS Group lowered their price target on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday. Robert W. Baird lifted their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.06.

Gentex Stock Up 2.2 %

GNTX opened at $25.72 on Wednesday. The business’s fifty day simple moving average is $28.82 and its 200 day simple moving average is $29.68. Gentex has a 52 week low of $24.57 and a 52 week high of $37.58. The firm has a market cap of $5.85 billion, a P/E ratio of 14.61, a PEG ratio of 0.86 and a beta of 0.91.

Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, January 31st. The auto parts company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.10). Gentex had a net margin of 17.49% and a return on equity of 16.74%. During the same period last year, the business posted $0.50 EPS.

Hedge Funds Weigh In On Gentex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Gentex by 179.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,796 shares of the auto parts company’s stock worth $59,404,000 after acquiring an additional 1,285,519 shares in the last quarter. Geode Capital Management LLC increased its holdings in Gentex by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,368,004 shares of the auto parts company’s stock worth $159,406,000 after purchasing an additional 285,802 shares during the last quarter. Barclays PLC increased its holdings in Gentex by 54.4% during the 3rd quarter. Barclays PLC now owns 107,930 shares of the auto parts company’s stock worth $3,205,000 after purchasing an additional 38,027 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Gentex by 1.9% during the 4th quarter. Reinhart Partners LLC. now owns 1,124,403 shares of the auto parts company’s stock worth $32,304,000 after purchasing an additional 20,624 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Gentex by 10.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 392,445 shares of the auto parts company’s stock worth $11,651,000 after purchasing an additional 36,134 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Gentex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, January 8th. Gentex’s dividend payout ratio (DPR) is presently 27.27%.

About Gentex

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.