Gentex Corporation (GNTX) Releases Earnings Results, Reports EPS of $0.28 EPS

Gentex Corporation (GNTX) reported quarterly earnings results on Friday, Apr-22-2016. The company reported $0.28 EPS for the quarter. Analysts had a consensus estimate of $0.28. The company posted revenue of $405.60 million in the period, compared to analysts expectations of $405.01 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Gentex Corporation. Shares were Downgraded by Robert W. Baird on Jan 27, 2016 to ” Neutral” and Lowered the Price Target to $ 14 from a previous price target of $22 .

Gentex Corporation closed down -0.07 points or -0.44% at $15.99 with 31,94,035 shares getting traded on Wednesday. Post opening the session at $16.06, the shares hit an intraday low of $15.87 and an intraday high of $16.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 29, 2015, Scott P Ryan (General Counsel) sold 2,000 shares at $16.31 per share price. According to the SEC, on Nov 12, 2015, Fred Bauer (Chairman of the Board & CEO) sold 762,000 shares at $16.43 per share price. On Nov 6, 2015, John A Mulder (director) sold 6,000 shares at $16.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry dimmable aircraft windows for the aviation industry and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business involves designing developing manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

Gentex Corporation

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