The price of Gentex Corp. (NASDAQ: GNTX) closed at $34.63 in the last session, down -1.56% from day before closing price of $35.18. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 1507359 shares were traded.
Ratios:
We take a closer look at GNTX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.67. For the most recent quarter (mrq), Quick Ratio is recorded 2.19 and its Current Ratio is at 3.67. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on July 06, 2023, Upgraded its rating to Neutral and sets its target price to $33 from $26 previously.
On December 14, 2022, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $24 to $26.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 20 ’24 when Nash Kevin C sold 13,500 shares for $33.04 per share. The transaction valued at 446,087 led to the insider holds 44,321 shares of the business.
Ryan Scott P sold 12,500 shares of GNTX for $437,450 on Feb 20 ’24. The General Counsel now owns 28,949 shares after completing the transaction at $35.00 per share. On Feb 09 ’24, another insider, GOODE GARY F, who serves as the Director of the company, sold 7,000 shares for $35.02 each. As a result, the insider received 245,139 and left with 29,180 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GNTX now has a Market Capitalization of 8.01B and an Enterprise Value of 7.77B. As of this moment, Gentex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.93, and their Forward P/E ratio for the next fiscal year is 14.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 3.47. Its current Enterprise Value per Revenue stands at 3.38 whereas that against EBITDA is 13.19.
Stock Price History:
Over the past 52 weeks, GNTX has reached a high of $37.58, while it has fallen to a 52-week low of $25.85. The 50-Day Moving Average of the stock is 35.71, while the 200-Day Moving Average is calculated to be 32.57.
Shares Statistics:
According to the various share statistics, GNTX traded on average about 1.46M shares per day over the past 3-months and 1.34M shares per day over the past 10 days. A total of 231.46M shares are outstanding, with a floating share count of 230.93M. Insiders hold about 0.24% of the company’s shares, while institutions hold 87.34% stake in the company. Shares short for GNTX as of Mar 28, 2024 were 4.2M with a Short Ratio of 2.88, compared to 3.83M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.82% and a Short% of Float of 1.82%.
Dividends & Splits
The forward annual dividend rate for GNTX is 0.48, which was 0.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.36%, it implies a Forward Annual Dividend Yield of 1.39%. The stock’s 5-year Average Dividend Yield is 1.62. The current Payout Ratio is 26.13% for GNTX, which recently paid a dividend on Apr 17, 2024 with an ex-dividend date of Apr 04, 2024. Stock splits for the company last occurred on Jan 02, 2015 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.48 for the current quarter, with a high estimate of $0.51 and a low estimate of $0.44, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.53, with high estimates of $0.57 and low estimates of $0.51.
Analysts are recommending an EPS of between $2.17 and $2.03 for the fiscal current year, implying an average EPS of $2.12. EPS for the following year is $2.43, with 8 analysts recommending between $2.55 and $2.3.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $600.58M. It ranges from a high estimate of $614M to a low estimate of $587.66M. As of the current estimate, Gentex Corp.’s year-ago sales were $550.76M, an estimated increase of 9.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $635.59M, an increase of 8.90% less than the figure of $9.00% in the same quarter last year. There is a high estimate of $642M for the next quarter, whereas the lowest estimate is $618.29M.
A total of 9 analysts have provided revenue estimates for GNTX’s current fiscal year. The highest revenue estimate was $2.54B, while the lowest revenue estimate was $2.5B, resulting in an average revenue estimate of $2.52B. In the same quarter a year ago, actual revenue was $2.3B, up 9.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $2.74B and the low estimate is $2.54B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
