What is B. Riley’s Forecast for Gentex FY2024 Earnings?

Gentex Co. (NASDAQ:GNTX) – Equities researchers at B. Riley boosted their FY2024 earnings estimates for shares of Gentex in a research note issued to investors on Tuesday, January 21st. B. Riley analyst J. Nichols now anticipates that the auto parts company will post earnings per share of $1.84 for the year, up from their previous forecast of $1.82. The consensus estimate for Gentex’s current full-year earnings is $1.86 per share. B. Riley also issued estimates for Gentex’s Q4 2024 earnings at $0.46 EPS and FY2025 earnings at $2.01 EPS.

Several other research firms have also weighed in on GNTX. Robert W. Baird increased their price target on shares of Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Guggenheim reduced their target price on shares of Gentex from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Bank of America decreased their price target on shares of Gentex from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, The Goldman Sachs Group dropped their price objective on Gentex from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.13.

Gentex Price Performance

Shares of NASDAQ:GNTX opened at $27.97 on Thursday. The company has a market capitalization of $6.36 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. Gentex has a 1 year low of $26.58 and a 1 year high of $37.58. The business has a fifty day moving average price of $29.23 and a two-hundred day moving average price of $30.09.

Gentex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.72%. Gentex’s dividend payout ratio is 25.67%.

Institutional Investors Weigh In On Gentex

Hedge funds and other institutional investors have recently bought and sold shares of the business. Synergy Asset Management LLC purchased a new position in shares of Gentex in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its stake in Gentex by 173.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 850 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Gentex by 227.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,826 shares of the auto parts company’s stock valued at $54,000 after buying an additional 1,269 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Gentex during the third quarter valued at about $125,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Gentex by 159.1% in the fourth quarter. GAMMA Investing LLC now owns 5,133 shares of the auto parts company’s stock worth $147,000 after buying an additional 3,152 shares in the last quarter. 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.