Gentex (NASDAQ:GNTX) Stock

Gentex

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. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2024 totaled about $2.3 billion with 47.7 million mirrors shipped. The unit mix breaks out as 63% interior and 37% exterior, versus 31% exterior in 2019. The company is based in Zeeland, Michigan.

Gentex Corp

Baird analyst David Leiker downgrades Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) from Outperform to Neutral and lowers the price target from $31 to $25.

News

Downgrades

Price Target

Analyst Ratings

GNTX

Baird Downgrades Gentex to Neutral, Lowers Price Target to $25

UBS analyst Joseph Spak maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Neutral and lowers the price target from $29 to $21.

UBS Maintains Neutral on Gentex, Lowers Price Target to $21

Goldman Sachs analyst Mark Delaney maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Neutral and lowers the price target from $28 to $23.

Goldman Sachs Maintains Neutral on Gentex, Lowers Price Target to $23

UBS analyst Joseph Spak maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Neutral and lowers the price target from $30 to $29.

UBS Maintains Neutral on Gentex, Lowers Price Target to $29

B. Riley Securities analyst Josh Nichols reiterates Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and lowers the price target from $37 to $32.5.

Reiteration

B. Riley Securities Reiterates Buy on Gentex, Lowers Price Target to $32.5

JP Morgan analyst Ryan Brinkman maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Neutral and lowers the price target from $34 to $32.

JP Morgan Maintains Neutral on Gentex, Lowers Price Target to $32

<h3>Gainers</h3>
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<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares moved upwards by 118.1% to $0.4 during Friday's pre-market session. The market value of their outstanding shares is at $3.8 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares increased by 25.81% to $0.03. The market value of their outstanding shares is at $2.8 million. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) shares rose 20.38% to $1.24. The company's market cap stands at $137.8 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock rose 20.24% to $0.18. The market value of their outstanding shares is at $47.9 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) stock increased by 13.88% to $2.05. The market value of their outstanding shares is at $18.5 million. </li>
<li>Venu Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VENU#AMEX">VENU</a>) stock rose 9.18% to $10.7. The company's market cap stands at $404.9 million. </li>
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<h3>Losers</h3>
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<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) stock decreased by 19.7% to $6.01 during Friday's pre-market session. The market value of their outstanding shares is at $694.9 million. </li>
<li>Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) stock fell 13.07% to $24.08. The company's market cap stands at $751.3 million. The company's, Q1 earnings came out yesterday. </li>
<li>Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares declined by 12.61% to $194.98. The market value of their outstanding shares is at $29.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Sacks Parente Golf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) shares fell 12.36% to $0.79. The market value of their outstanding shares is at $6.9 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares fell 11.35% to $1.25. The company's market cap stands at $5.2 million. The company's, FY earnings came out today. </li>
<li>Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) stock declined by 11.27% to $25.04. The company's market cap stands at $5.6 billion. As per the news, the Q4 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

The Q4 earnings report for Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) was released on Friday, January 31, 2025 at 08:00 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Gentex missed estimated earnings by -19.0%, reporting an EPS of $0.39 versus an estimate of $0.48.
Revenue was down $47.49 million from the same period last year.
<h3>Earnings History Overview</h3>
The company beat on EPS by $0.05 in the previous quarter, leading to a 5.0% increase share price change the next day.
Here's a look at Gentex's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.48</td>
<td>0.52</td>
<td>0.47</td>
<td>0.44</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.53</td>
<td>0.37</td>
<td>0.47</td>
<td>0.50</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>592.14M</td>
<td>620.04M</td>
<td>598.01M</td>
<td>559.48M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>608.53M</td>
<td>572.93M</td>
<td>590.23M</td>
<td>589.13M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Gentex <a href="https://www.benzinga.com/quote/GNTX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Summary: Gentex Q4

WIIM

Gentex shares are trading lower after the company reported worse-than-expected Q4 financial results.

Guidance

Gentex Sees FY25 Revenue Of $2.40B - $2.45B Vs. $2.59B Est.

Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) reported quarterly earnings of $0.39 per share which missed the analyst consensus estimate of $0.50 by 22 percent. This is a 22 percent decrease over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $541.64 million which missed the analyst consensus estimate of $598.96 million by 9.57 percent. This is a 8.06 percent decrease over sales of $589.13 million the same period last year.

Earnings Misses

Gentex Q4 EPS $0.39 Misses $0.50 Estimate, Sales $541.64M Miss $598.96M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is estimated to report quarterly earnings at $1.79 per share on revenue of $12.77 billion. 
• Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) is projected to report earnings for its Fiscal Year 2024. 
• Dorian LPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPG#NYSE">LPG</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $89.89 million. 
• Piper Sandler (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PIPR#NYSE">PIPR</a>) is projected to report quarterly earnings at $3.96 per share on revenue of $452.49 million. 
• WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) is projected to report quarterly earnings at $0.18 per share on revenue of $111.06 million. 
• RBC Bearings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) is estimated to report quarterly earnings at $2.20 per share on revenue of $394.43 million. 
• OneMain Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $1.20 billion. 
• W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) is likely to report quarterly earnings at $9.74 per share on revenue of $4.24 billion. 
• Virtus Inv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NYSE">VRTS</a>) is likely to report quarterly earnings at $7.66 per share on revenue of $214.69 million. 
• Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $6.36 billion. 
• Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $13.18 billion. 
• First Hawaiian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $203.83 million. 
• Broadridge Financial Soln (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>) is estimated to report quarterly earnings at $1.35 per share on revenue of $1.57 billion. 
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $688.89 million. 
• Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) is expected to report quarterly earnings at $1.79 per share on revenue of $88.23 billion. 
• Revvity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVTY#NYSE">RVTY</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $730.10 million. 
• Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $683.02 million. 
• Church &amp; Dwight Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) is estimated to report quarterly earnings at $0.76 per share on revenue of $1.57 billion. 
• Aon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) is estimated to report quarterly earnings at $4.26 per share on revenue of $4.21 billion. 
• Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is expected to report quarterly earnings at $1.07 per share on revenue of $201.60 million. 
• Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $2.73 billion. 
• Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) is expected to report quarterly earnings at $2.85 per share on revenue of $2.73 billion. 
• LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $9.49 billion. 
• Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $35.07 billion. 
• Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is expected to report quarterly earnings at $2.40 per share on revenue of $48.68 billion. 
• Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) is estimated to report quarterly earnings at $9.18 per share on revenue of $13.89 billion. 
• Brookfield Business (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBUC#NYSE">BBUC</a>) is likely to report earnings for its fourth quarter. 
• Brookfield Bus Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBU#NYSE">BBU</a>) is estimated to report earnings for its fourth quarter. 
• Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEPC#NYSE">BEPC</a>) is likely to report quarterly loss at $0.36 per share on revenue of $2.01 billion. 
• Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) is expected to report quarterly loss at $0.35 per share on revenue of $1.53 billion. 
• ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $1.01 billion. 
• Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $598.58 million. 
• AbbVie (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) is estimated to report quarterly earnings at $2.98 per share on revenue of $14.81 billion. 
• Banco De Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCH#NYSE">BCH</a>) is projected to report quarterly earnings at $0.53 per share on revenue of $804.00 billion. 
• Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) is expected to report quarterly earnings at $1.51 per share on revenue of $2.86 billion. 
• Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $5.05 billion. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For January 31, 2025

VOXX

Gentex Signs Definitive Agreement To Acquire VOXX International In All-Cash Transaction For $7.50/Share

Contracts

Gentex Wins Navy Other Transaction Agreement For Next Generation Fixed Wing Helmet Program; Amount Not Disclosed

Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and lowers the price target from $35 to $34.

Guggenheim Maintains Buy on Gentex, Lowers Price Target to $34

Baird analyst David Leiker maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Outperform and raises the price target from $35 to $37.

Baird Maintains Outperform on Gentex, Raises Price Target to $37

Fire protection company Gentex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) shares are trading higher after the company reported third-quarter earnings per share of 53 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41542441/gentex-reports-third-quarter-2024-financial-results" rel="noreferrer noopener">beating the street view of 49 cents.</a>
Quarterly revenues of $608.53 million, beating the analyst consensus of $592.14 million.
For the third quarter, the gross margin was 33.5% versus 33.2% a year ago due to the higher revenue levels and purchasing cost reductions.
Operating income was reported at $125.7 million, while net income totaled $122.5 million, marking a 17% increase year over year.
Global light vehicle production declined by 5% in the third quarter compared to the third quarter of 2023.
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&#8220;During the third quarter of 2024, light vehicle production weakened across all major regions, but especially in our primary markets,&#8221;&nbsp;said Gentex President and CEO Steve Downing.
&#8220;The production declines resulted in a sales shortfall of approximately $25 &#8211; $30 million for the quarter, but despite that weakness in our end markets, we were able to outperform our primary markets by 12%.&#8221;
Outlook: Gentex has revised its fiscal year 2024 outlook, now expecting net sales to be between $2.35 billion and $2.40 billion ($2.386 billion estimate), compared to the previous guidance of $2.40 billion to $2.50 billion.
The company also projects a gross margin of 33.5% to 34.0%, <a href="https://www.benzinga.com/calendars/guidance">down from the prior forecast of 34% to 34.5%.</a>
Gentex is updating calendar year 2025 revenue estimates to approximately $2.45 billion &#8211; $2.55 billion (prior view: $2.6&nbsp;billion &#8211; $2.7 billion).
Price Action: GNTX shares are trading higher by 4.89% to $31.11&nbsp;at last check Friday.
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Equities

Markets

General

Gentex's Q3 Performance Defies Auto Industry Headwinds, Trims 2024 Outlook

Gentex shares are trading higher after the company reported better-than-expected Q3 financial results.

Gentex Corporation Lowers FY24 Outlook: Sees Net Sales Of $2.35B-$2.40B Vs. $2.38B Estimate (Prior View: $2.40B-$2.50B), Projects Gross Margin Of 33.5%-34.0% (Prior View: 34%-34.5%)

Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.48 by 10.42 percent. This is a 17.78 percent increase over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $608.53 million which beat the analyst consensus estimate of $592.14 million by 2.77 percent. This is a 5.67 percent increase over sales of $575.85 million the same period last year.

Earnings Beats

Gentex Q3 EPS $0.53 Beats $0.49 Estimate, Sales $608.53M Beat $592.14M Estimate

Press Releases

Gentex Schedules Fourth Quarter and Year End 2024  Earnings Release Date and Conference Call

VOXX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of VOXX International Corporation - VOXX

Gentex To Unveil the Next Generation of Its Dimmable Glass, Vision, Sensing, and Connectivity Products at CES 2025

Gentex to Bring Premier Custom Car Builder Ringbrothers to Grand Rapids for the Michigan International Auto Show

Gentex Reports Fourth Quarter and Year End 2024 Financial Results

Dividends

Gentex Announces First Quarter 2025 Cash Dividend

Gentex Announces Closing of VOXX International Acquisition

Gentex Corporation Closes on its Acquisition of VOXX International Corporation

Gentex Schedules First Quarter 2025 Earnings Release Date and Conference Call

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