Gentex - GNTX Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gentex in the last year. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GNTX shares.
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5 brokerages have issued 1-year price targets for Gentex's stock. Their GNTX share price forecasts range from $25.00 to $35.00. On average, they expect the company's share price to reach $30.60 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
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Gentex's stock was trading at $34.85 on January 1st, 2022. Since then, GNTX shares have decreased by 21.7% and is now trading at $27.29.
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Gentex saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,860,000 shares, an increase of 26.1% from the October 31st total of 3,060,000 shares. Based on an average daily volume of 999,200 shares, the short-interest ratio is presently 3.9 days. Approximately 1.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 27th 2023.
View our GNTX earnings forecast.

Gentex Co. (NASDAQ:GNTX) released its earnings results on Friday, October, 28th. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.07. The auto parts company had revenue of $493.64 million for the quarter, compared to analyst estimates of $494.82 million. Gentex had a trailing twelve-month return on equity of 16.06% and a net margin of 17.17%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share.

Gentex announced a quarterly dividend on Wednesday, November 30th. Stockholders of record on Friday, January 6th will be given a dividend of $0.12 per share on Wednesday, January 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Thursday, January 5th.
Read our dividend analysis for GNTX.

Gentex (NASDAQ:GNTX) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.75%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GNTX will have a dividend payout ratio of 26.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GNTX.

Shares of Gentex split on the morning of Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly issued shares were payable to shareholders after the market closes on Wednesday, December 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Gentex issued an update on its FY 2022 earnings guidance on Sunday, November, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.90 billion-$1.95 billion, compared to the consensus revenue estimate of $1.92 billion.

54 employees have rated Gentex Chief Executive Officer Steve Downing on Glassdoor.com. Steve Downing has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gentex investors own include Intel (INTC), Johnson & Johnson (JNJ), Gilead Sciences (GILD), Cisco Systems (CSCO), Walt Disney (DIS), CVS Health (CVS), Micron Technology (MU), Pfizer (PFE), Visa (V) and NVIDIA (NVDA).

Gentex trades on the NASDAQ under the ticker symbol "GNTX."

Gentex's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.01%), BlackRock Inc. (8.88%), EdgePoint Investment Group Inc. (3.67%), Maj Invest Holding A S (3.10%), State Street Corp (2.81%) and Cooke & Bieler LP (2.34%). Insiders that own company stock include Gary F Goode, James A Hollars, James H Wallace, John A Mulder, Kevin C Nash, Ling Zang, Matthew Chiodo, Neil Boehm, Richard O Schaum, Scott P Ryan, Scott P Ryan, Steven R Downing and Steven R Downing.
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Shares of GNTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GNTX stock can currently be purchased for approximately $27.29.

Gentex (NASDAQ:GNTX) has a market capitalization of $6.40 billion and generates $1.73 billion in revenue each year. The auto parts company earns $360.80 million in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 4,998 workers across the globe.

Gentex's mailing address is 600 NORTH CENTENNIAL STREET, ZEELAND MI, 49464. The official website for the company is www.gentex.com. The auto parts company can be reached via phone at (616) 772-1800, via email at marketing@gentex.com, or via fax at 616-772-7348.