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, 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. It also provides variable dimmable windows to aircraft manufacturers and airline operators. In addition, the company offers photoelectric smoke detectors and alarms, electrochemical carbon monoxide alarms and detectors, audible and visual signaling appliances, and bells and speakers used in fire detection systems in office buildings, hotels, and other commercial and residential establishments, as well as researches and develops nanofiber chemical sensing products. Gentex Corporation sells its fire protection products directly, as well as through sales managers and manufacturer representative organizations to fire protection and security product distributors, electrical wholesale houses, and original equipment manufacturers of fire protection systems. The company was founded in 1974 and is headquartered in Zeeland, Michigan.
IPO Year:
Exchange: NASDAQ
Website: gentex.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $34.00 | Neutral | UBS |
| 7/30/2024 | $34.00 | Outperform → Neutral | Exane BNP Paribas |
| 7/6/2023 | $26.00 → $33.00 | Underperform → Neutral | BofA Securities |
| 12/14/2022 | $24.00 → $26.00 | Sell → Neutral | Goldman |
| 4/11/2022 | Outperform | Exane BNP Paribas | |
| 7/26/2021 | $38.00 | Neutral → Buy | Seaport Global |
| 7/26/2021 | $43.00 → $40.00 | Overweight | Keybanc |
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JP Morgan analyst Ryan Brinkman maintains Gentex (NASDAQ:GNTX) with a Neutral and lowers the price target from $36 to $35.
Baird analyst David Leiker maintains Gentex (NASDAQ:GNTX) with a Outperform and lowers the price target from $41 to $40.
Additionally, based on the Company's current forecast for light vehicle production for calendar year 2025, the Company still expects calendar year 2025 revenue of approximately $2.65 - $2.75 billion.
Gentex (NASDAQ:GNTX) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. This is a 11.9 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $590.225 million which missed the analyst consensus estimate of $598.011 million by 1.30 percent. This is a 7.17 percent increase over sales of $550.761 million the same period last year.
Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $40 to $41.
B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $42 to $44.
Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $38 to $40.
Goldman Sachs analyst Mark Delaney maintains Gentex (NASDAQ:GNTX) with a Neutral and raises the price target from $31 to $35.
B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:GNTX) with a Buy and raises the price target from $36 to $42.
Gentex Corp (NASDAQ:GNTX) shares are trading higher after it reported better-than-expected fourth-quarter financial results. Sales grew 19% Y/Y to $589.1 million, beating the analyst consensus of $560.8 million. EPS of $0.50 beat the analyst consensus of $0.44. In the fourth quarter of 2023, automotive net sales rose to $578.7 million from $482.9 million the prior year. Auto-dimming mirror unit shipments increased by 12%. Light vehicle production in the main markets of North America, Europe, and Japan/Korea increased by approximately 6% quarter over quarter. The gross profit margin of 34.5% expanded from 31.2% a year ago, led by recurring price increases to customers and one-time
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UBS initiated coverage of Gentex with a rating of Neutral and set a new price target of $34.00
Exane BNP Paribas downgraded Gentex from Outperform to Neutral and set a new price target of $34.00
BofA Securities upgraded Gentex from Underperform to Neutral and set a new price target of $33.00 from $26.00 previously
Goldman upgraded Gentex from Sell to Neutral and set a new price target of $26.00 from $24.00 previously
Exane BNP Paribas initiated coverage of Gentex with a rating of Outperform
Seaport Global upgraded Gentex from Neutral to Buy and set a new price target of $38.00
Keybanc reiterated coverage of Gentex with a rating of Overweight and set a new price target of $40.00 from $43.00 previously
B. Riley resumed coverage of Gentex with a rating of Buy and set a new price target of $40.00 from $38.75 previously
Seaport Global Securities initiated coverage of Gentex with a rating of Neutral
KeyBanc reiterated coverage of Gentex with a rating of Overweight and set a new price target of $43.00 from $39.00 previously
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