B. Riley Has Pessimistic Outlook of Gentex FY2025 Earnings

Gentex Co. (NASDAQ:GNTX) – Research analysts at B. Riley reduced their FY2025 earnings per share estimates for Gentex in a report issued on Monday, February 3rd. B. Riley analyst J. Nichols now expects that the auto parts company will earn $1.89 per share for the year, down from their prior forecast of $2.01. B. Riley 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.

Gentex (NASDAQ:GNTX) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $0.39 earnings per share (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 company earned $0.50 earnings per share.

A number of other brokerages have also recently weighed in on GNTX. Bank of America reduced their price objective on Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. UBS Group reduced their price objective on Gentex from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on Gentex from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday. Robert W. Baird boosted 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, Guggenheim reduced their price objective on Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Gentex has an average rating of “Hold” and an average target price of $33.06.

Gentex Stock Up 2.2 %

Shares of GNTX opened at $25.72 on Wednesday. The stock has a 50 day moving average price of $28.82 and a 200 day moving average price of $29.68. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 0.86 and a beta of 0.91. Gentex has a 52-week low of $24.57 and a 52-week high of $37.58.

Gentex Dividend Announcement

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

Institutional Investors Weigh In On Gentex

Several large investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new position in Gentex in the fourth quarter worth $26,000. Synergy Asset Management LLC acquired a new stake in Gentex in the fourth quarter valued at $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after purchasing an additional 1,269 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Gentex in the third quarter valued at $125,000. Finally, GAMMA Investing LLC grew its holdings in Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock valued at $147,000 after purchasing an additional 3,152 shares during the last quarter. Hedge funds and other institutional investors 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.