Gentex Corporation (NASDAQ:GNTX) is reporting third quarter financial results on Friday 23rd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, GNTX is expected to report 3Q20 income of $ 0.40 per share from revenue of $ 451.25 million.
For the full year, analysts anticipate top line of $ 1585.60 million, while looking forward to income of $ 1.20 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,580.00 million ~ $ 1,670.00 million
Click Here For More Historical Outlooks Of Gentex Corporation
Previous Quarter Performance
Gentex Corporation revealed income for the second quarter of $ 0.02 per share, from the revenue of $ 229.93 million. The quarterly earnings down 95.24 percent while revenues reduced 50.41 percent compared with the same quarter last year.
Wall street analysts are predicting, GNTX to report 2Q20 income of $ 0.12 per share from revenue of $ 258.60 million. The bottom line results missed street analysts by $ 0.1 or 83.33 percent, at the same time, top line results fell short of analysts by $ 28.67 million or 11.09 percent.
Stock Performance
Shares of Gentex Corporation traded up $ 0.46 or 1.64 percent on Thursday, reaching $ 28.54 with volume of 2.14 million shares. Gentex Corporation has traded high as $ 28.63 and has cracked $ 27.94 on the downward trend
The closing price of $ 28.54, representing a 44.15 % increase from the 52 week low of $ 19.48 and a 10.2 % decrease over the 52 week high of $ 31.27.
The company has a market capital of $ 7.01 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Jefferies Financial Group at Buy rating, with $ 33.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 3Q20 dividend of $ 0.12 per share on August 31, 2020. The dividend were payable on October 21, 2020 to holders of record as of the close of business on October 9, 2020 and ex-dividend date on October 8, 2020.
Conference Call
Gentex Corporation will be hosting a conference call at 9:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gentex.com
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets 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, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. The company also manufactures and sells variable dimmable windows to aircraft manufacturers and airline operators.
