Gentex - GNTX Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gentex in the last twelve months. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GNTX shares.
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5 Wall Street analysts have issued 1-year target prices for Gentex's stock. Their GNTX share price forecasts range from $25.00 to $35.00. On average, they predict the company's share price to reach $31.40 in the next year. This suggests a possible upside of 26.3% from the stock's current price.
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Gentex's stock was trading at $34.85 at the start of the year. Since then, GNTX stock has decreased by 28.6% and is now trading at $24.87.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our GNTX earnings forecast.

Gentex Co. (NASDAQ:GNTX) announced its quarterly earnings data on Thursday, October, 21st. The auto parts company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.04. The auto parts company earned $399.60 million during the quarter, compared to analysts' expectations of $422.07 million. Gentex had a net margin of 18.32% and a trailing twelve-month return on equity of 16.58%. The business's quarterly revenue was down 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share.

Gentex announced a quarterly dividend on Wednesday, August 31st. Investors of record on Friday, October 7th will be paid a dividend of $0.12 per share on Wednesday, October 19th. This represents a $0.48 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, October 6th.
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 1.94%. 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 35.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GNTX will have a dividend payout ratio of 24.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GNTX.

Gentex's stock split on Friday, January 2nd 2015. The 2-1 split was announced on Friday, December 5th 2014. The newly created shares were issued 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 updated its FY 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.87 billion-$1.97 billion, compared to the consensus revenue estimate of $1.95 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 number of retail and institutional investors. Top institutional shareholders include State Street Corp (2.70%), Maj Invest Holding A S (2.66%), Cooke & Bieler LP (2.22%), Burgundy Asset Management Ltd. (1.60%), TD Asset Management Inc. (1.30%) and Ceredex Value Advisors LLC (1.18%). 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, Roger Perry Campbell, 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 $24.87.

Gentex (NASDAQ:GNTX) has a market capitalization of $5.85 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 $1.35 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.