B. Riley Predicts Gentex's FY2025 Earnings (NASDAQ:GNTX)

Key Points

• B. Riley has increased its FY2025 earnings estimate for Gentex Corporation from $1.61 to $1.74 per share, maintaining a "Buy" rating with a price target of $32.00.
• The company reported earnings of $0.47 per share for the last quarter, exceeding analysts' expectations of $0.39, and recorded a revenue of $657.86 million, up 14.8% year-over-year.
• Gentex's board has approved a stock buyback plan for 40 million shares as an indication that they believe their shares are undervalued.

Gentex Corporation (NASDAQ:GNTX - Free Report) - Investment analysts at B. Riley increased their FY2025 earnings estimates for shares of Gentex in a research report issued to clients and investors on Monday, July 28th. B. Riley analyst J. Nichols now expects that the auto parts company will post earnings of $1.74 per share for the year, up from their previous estimate of $1.61. B. Riley currently has a "Buy" rating and a $32.00 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 Q4 2025 earnings at $0.39 EPS and FY2026 earnings at $1.84 EPS.

Several other research analysts have also recently weighed in on GNTX. Baird R W cut shares of Gentex from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Robert W. Baird upped their price objective on shares of Gentex from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday. The Goldman Sachs Group restated a "neutral" rating on shares of Gentex in a report on Friday, July 11th. Wall Street Zen upgraded shares of Gentex from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Guggenheim decreased their price objective on shares of Gentex from $30.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.63.

Gentex Stock Performance

Shares of GNTX stock traded down $0.61 on Wednesday, hitting $26.42. 2,220,179 shares of the stock traded hands, compared to its average volume of 2,804,443. The firm's 50-day moving average price is $22.75 and its two-hundred day moving average price is $23.51. The stock has a market capitalization of $5.94 billion, a PE ratio of 14.93 and a beta of 0.81. Gentex has a twelve month low of $20.28 and a twelve month high of $31.75.

Gentex (NASDAQ:GNTX - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The auto parts company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.08. The firm had revenue of $657.86 million for the quarter, compared to analysts' expectations of $591.94 million. Gentex had a net margin of 16.82% and a return on equity of 16.86%. The company's revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Gentex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, July 9th. Gentex's dividend payout ratio is presently 27.12%.

Gentex declared that its Board of Directors has approved a share repurchase plan on Wednesday, July 16th that allows the company to repurchase 40,000,000 outstanding shares. This repurchase authorization allows the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Gentex

In related news, Director Joseph B. Anderson, Jr. sold 3,764 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $22.87, for a total transaction of $86,082.68. Following the sale, the director directly owned 5,939 shares in the company, valued at approximately $135,824.93. This represents a 38.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% of the company's stock.

Institutional Trading of Gentex

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Gentex by 1,471.0% in the first quarter. Larson Financial Group LLC now owns 1,084 shares of the auto parts company's stock valued at $25,000 after acquiring an additional 1,015 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Gentex by 85.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,222 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 563 shares during the period. Brooklyn Investment Group increased its holdings in shares of Gentex by 305.7% in the 1st quarter. Brooklyn Investment Group now owns 1,217 shares of the auto parts company's stock valued at $28,000 after acquiring an additional 917 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Gentex by 208.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,618 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 1,093 shares during the period. Finally, State of Wyoming acquired a new position in shares of Gentex in the 1st quarter valued at $45,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

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.