Gentex 33 Year Stock Price History GNTX

On average, they anticipate the company’s stock price to reach $32.50 in the next year. This suggests a possible upside of 0.9% from the stock’s current price. View analysts price targets for GNTX or view top-rated stocks among Wall Street analysts.

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. GNTX’s beta can be found in Trading Information at the top of this page.

• The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
• This auto supplier lowered full-year 2018 revenue guidance, but the stock selloff makes this an attractive long-term stock.
• With earnings reported at $1.36 per share and net cash balances equal to around $2 per share, valuations had run quite a bit higher at 24 times earnings based on the 2022 performance.
• Investors in this rearview mirror-maker are feeling lucky today.
• Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

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Terms of Service apply. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 54 employees have rated Gentex Chief Executive Officer Steve Downing on Glassdoor.com.

Gentex Enjoys Dominant Market Share and a Fortress Balance Sheet

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Net earnings fell to $319 million, making that earnings fell from $1.50 per share to $1.36 per share, as the company maintained a net cash position around $400 million. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. The Barchart Technical Opinion rating is a 96% Buy with a Strengthening short term outlook on maintaining the current direction. Investors in this rearview mirror-maker are feeling lucky today.

GNTX Related stocks

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 5 brokerages have issued 1 year price targets for Gentex’s shares.

Forwarding to 2022, Gentex has grown sales to $1.92 billion, with sales up 11% in 2022. It is quite clear that growth has slowed down, with revenues up just 30% since 2015, as the topline grew at a much slower pace than before. Despite the strong topline results, earnings took a beating with operating profits falling from $410 million to $370 million on the back of inflationary and efficiency issues. Gentex manufactures auto-dimming rear- and side-view mirrors that use electrochromic technology. These mirrors automatically darken to eliminate headlight glare for drivers and have many other applications.

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Shares of the automatic-dimming rearview-mirror specialist have a bright start in 2020. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

This looks like quite an attractive multiple for a long term value creator; although, the operating performance ahead of this year was a bit on the softer site, raising some questions. With the 2023 performance looking very strong, and the read-out for 2024 looking promising as well, I have to give the company a bit more credibility. As it looks, the business has found some of its operating performance, as Gentex deserves a premium valuation, making me a buyer on dips here, with momentum set to last into 2024. My last take on the business dates back to 2015 when I believed that the consistent and strong performance warranted a premium valuation.

Car Companies Will Show Off the Latest in Self-Driving Tech at CES

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. The company is constantly developing new applications for the technology to remain on top.

Gentex (GNTX) puts up a stellar show in Q1, with earnings and sales not just beating expectations but also increasing year over year. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “hold” GNTX shares. A hold rating iso 3166 country code of india indicates that analysts believe investors should maintain any existing positions they have in GNTX, but not buy additional shares or sell existing shares.

Today’s Wordle #818 Hints, Clues And Answer For Friday, September 15th

Sales in 2022 totaled about $1.9 billion with 44.2 million mirrors shipped. The unit mix breaks out as 65% interior and 35% exterior, versus about 32% exterior in 2020. The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.

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Based on the $1.80 earnings per share number, the unleveraged assets trade at 18 times earnings, as 2023 has been very strong, perhaps unexpectedly strong in my view. 2024 sales are expected to rise further to $2.5 billion, marking another year of double-digit growth next year, as operating momentum has returned. Gentex is an automotive supplier of rearview mirrors and while this looks like a boring business, Gentex has been thriving on the back https://1investing.in/ of combining functionality and technology at solid prices. The idea of Gentex is to combine the traditional mirror with technology in order to improve vision, safety and functionality. Moreover, the company has developed adjacent technologies, among others including adjusting the lighting for the mirror as well as rearview park assist technology. 5 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Gentex in the last year.

Trading at $18 per share in 2015, equity of the business was valued at $5.4 billion, with operating assets valued at $5.0 billion if we factor in net cash, as the company traded at 17 times earnings. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

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Gentex has been off to a strong 2023, with first quarter sales up 18% to $551 million. Operating profits rose by ten million to $113 million, as GAAP earnings improved by five cents to $0.42 per share. The newly issued shares were distributed to shareholders after the closing bell on Wednesday, December 31st 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Company Summary

With earnings reported at $1.36 per share and net cash balances equal to around $2 per share, valuations had run quite a bit higher at 24 times earnings based on the 2022 performance. As of August 31st, there was short interest totaling 2,670,000 shares, a decrease of 12.2% from the August 15th total of 3,040,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 2.1 days. On the back of the strong quarter, the company hiked the full year sales guidance to a midpoint of $2.25 billion. Full year operating earnings are seen at a midpoint of $472 million, which reveals not only that earnings are set to recover meaningfully in 2023, they might even approach $1.80 per share. Furthermore, net cash balances have risen towards the half a billion mark.

• The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
• My last take on the business dates back to 2015 when I believed that the consistent and strong performance warranted a premium valuation.
• Since then, GNTX shares have increased by 18.2% and is now trading at $32.22.

With about 2,000 patents worldwide, some valid through 2047, and nearly 90% market share, up from 77% in 2003, Gentex has a narrow economic moat it should be able to protect for a long time, in our opinion. Working with a $2 earnings per share number going forward, for the second half of 2023, and 2024, multiples are compressing quite a bit. Trading at $32 here, and subtracting a net cash position of nearly $2 per share, the operating assets are valued around 15 times earnings. At that time, the company was generating about $1.5 billion in sales, generated by over 30 million units being shipped. Making these products have yielded the business substantial earnings of close to $300 million, which came on top of a net cash position of around $400 million.