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Recommendations
Gentex price target raised to $45 from $40 at B. Riley » 08:23
04/26/21
04/26
08:23
04/26/21
08:23
GNTX

Gentex

$35.33 /

-0.29 (-0.81%)

B. Riley analyst Josh…

B. Riley analyst Josh Nichols raised the firm's price target on Gentex to $45 from $40 and reiterates a Buy rating on the shares following the company's Q1 results. The analyst believes Gentex's management has proven to be "best-in-class operators with the ability to generate alpha for shareholders despite the challenging operating environment."

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GNTX Gentex
$35.33 /

-0.29 (-0.81%)

GNTX Gentex
$35.33 /

-0.29 (-0.81%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$35.33 /

-0.29 (-0.81%)

Earnings
Gentex sees 2022 revenue 8%-13% higher than 2021 revenue, consensus $2.18B » 08:14
04/23/21
04/23
08:14
04/23/21
08:14
GNTX

Gentex

$35.62 /

-0.51 (-1.41%)

Based on the mid-April…

Based on the mid-April 2021 light vehicle production estimates for 2022, the Company is updating revenue guidance for 2022. Despite the fact that there continues to be significant uncertainty regarding macroeconomic conditions, underlying overall consumer demand for light vehicles worldwide, and the continued impact from the COVID-19 pandemic; the Company is increasing its estimate for calendar year 2022 revenue to be approximately 8% - 13% higher than the estimated revenue for calendar year 2021.

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GNTX Gentex
$35.62 /

-0.51 (-1.41%)

GNTX Gentex
$35.62 /

-0.51 (-1.41%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$35.62 /

-0.51 (-1.41%)

Earnings
Gentex sees 2021 revenue $1.94B-$2.02B, consensus $2B » 08:12
04/23/21
04/23
08:12
04/23/21
08:12
GNTX

Gentex

$35.62 /

-0.51 (-1.41%)

The Company's…

The Company's current forecasts for light vehicle production for the second quarter 2021, and full years 2021 and 2022 are based on the mid-April 2021 IHS Markit forecast for light vehicle production in North America, Europe, Japan/Korea and China. Light vehicle production in the Company's primary markets is expected to increase 46% for the second quarter of 2021 versus the same period last year as a result of rebounds in North America, Europe and Japan/Korea production as compared to the COVID-19 impacted second quarter of 2020. For calendar year 2021, light vehicle production in our primary markets is forecasted to increase 10% when compared to calendar year 2020. Based on this light vehicle production forecast, the structural cost savings that were implemented in 2020, and the first quarter 2021 results, the Company is making no changes to its previously provided guidance for calendar year 2021 as shown in the table below. Over the last several quarters, the Company has been closely monitoring the tariff discussions between the US and the EU. Currently, EU Regulation 2018/0886 is scheduled to go into effect on June 1, 2021. The Company remains hopeful that a trade agreement can be reached before this date so that the increased tariffs do not take effect. If these tariffs do go into effect on June 1, 2021, the Company estimates an impact in 2021 of approximately $7 - $10 million in incremental expense that is not contemplated in the guidance below.

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GNTX Gentex
$35.62 /

-0.51 (-1.41%)

GNTX Gentex
$35.62 /

-0.51 (-1.41%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$35.62 /

-0.51 (-1.41%)

Earnings
Gentex reports Q1 EPS 46c, consensus 49c » 08:11
04/23/21
04/23
08:11
04/23/21
08:11
GNTX

Gentex

$35.62 /

-0.51 (-1.41%)

Reports Q1 revenue…

Reports Q1 revenue $483.7M, consensus $491.21M. "Our forecast for calendar year 2021 remains strong despite the supply chain issues that are continuing to impact the current vehicle production environment. While these issues create instability in the short term, the industry dynamics currently point to improved light vehicle production for the second half of 2021 and also forecast the continued recovery of light vehicle production into calendar year 2022. More specific to Gentex, the combination of our launch cadence, product mix and overall program awards continue to provide us confidence about the future growth rate and health of our business in an otherwise hard to predict market. Over the last 12 months, our employees have been able to adapt to each situation. First, it was never seen before shutdowns, followed by the busiest six months in Company history. We are now battling to make sure we are able provide products to our customers at the volume and timing they require without compromising our commitment to the quality standards that underlies our reputation in the industry. Accomplishing these objectives has become quite difficult, but we are not satisfied with those accomplishments alone. During this difficult time, we have continued our active pursuit of new technologies, maintained our focus on cost discipline that yielded margin improvement on our core business, and continued to invest capital in the Company, all while maintaining our rigorous approach to capital allocation and share repurchases," concluded Downing.

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GNTX Gentex
$35.62 /

-0.51 (-1.41%)

GNTX Gentex
$35.62 /

-0.51 (-1.41%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$35.62 /

-0.51 (-1.41%)

Over a month ago
Conference/Events
Gentex participates in a conference call hosted by Jefferies » 04:55
03/12/21
03/12
04:55
03/12/21
04:55
GNTX

Gentex

$36.84 /

+0.34 (+0.93%)

Jefferies to hold a…

Jefferies to hold a conference call CFO Nash on March 12 hosted by Jefferies.

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GNTX Gentex
$36.84 /

+0.34 (+0.93%)

GNTX Gentex
$36.84 /

+0.34 (+0.93%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$36.84 /

+0.34 (+0.93%)

Conference/Events
Gentex participates in a conference call hosted by Jefferies » 07:08
03/11/21
03/11
07:08
03/11/21
07:08
GNTX

Gentex

$36.50 /

+0.845 (+2.37%)

Jefferies to hold a…

Jefferies to hold a conference call CFO Nash on March 12 hosted by Jefferies.

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GNTX Gentex
$36.50 /

+0.845 (+2.37%)

GNTX Gentex
$36.50 /

+0.845 (+2.37%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$36.50 /

+0.845 (+2.37%)

Conference/Events
Gentex management to meet virtually with Oppenheimer » 04:55
02/19/21
02/19
04:55
02/19/21
04:55
GNTX

Gentex

$34.90 /

-0.68 (-1.91%)

Virtual Meeting to be…

Virtual Meeting to be held on February 19 hosted by Oppenheimer.

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GNTX Gentex
$34.90 /

-0.68 (-1.91%)

GNTX Gentex
$34.90 /

-0.68 (-1.91%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$34.90 /

-0.68 (-1.91%)

Conference/Events
Gentex management to meet virtually with Oppenheimer » 11:51
02/18/21
02/18
11:51
02/18/21
11:51
GNTX

Gentex

$35.17 /

-0.41 (-1.15%)

Virtual Meeting to be…

Virtual Meeting to be held on February 19 hosted by Oppenheimer.

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GNTX Gentex
$35.17 /

-0.41 (-1.15%)

GNTX Gentex
$35.17 /

-0.41 (-1.15%)

02/01/21 B. Riley
Gentex price target raised to $40 from $38.75 at B. Riley Securities
01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
GNTX Gentex
$35.17 /

-0.41 (-1.15%)

Over a quarter ago
Recommendations
Gentex price target raised to $40 from $38.75 at B. Riley Securities » 08:45
02/01/21
02/01
08:45
02/01/21
08:45
GNTX

Gentex

$33.11 /

-0.41 (-1.22%)

B. Riley Securities…

B. Riley Securities analyst Josh Nichols raised the firm's price target on Gentex to $40 from $38.75 and reiterates a Buy rating on the shares following the company's Q4 results. Gentex pears well positioned for above-market growth as auto-dimming mirrors and full display mirror penetration rates improve, Nichols tells investors in a research note. The analyst believes the shares represent an attractive investment opportunity.

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GNTX Gentex
$33.11 /

-0.41 (-1.22%)

GNTX Gentex
$33.11 /

-0.41 (-1.22%)

01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
10/26/20 B. Riley
Gentex price target raised to $38.75 from $33 at B. Riley Securities
GNTX Gentex
$33.11 /

-0.41 (-1.22%)

Earnings
Gentex sees 2021 revenue $1.94B-$2.02B, consensus $1.95B » 08:04
01/29/21
01/29
08:04
01/29/21
08:04
GNTX

Gentex

$33.52 /

+0.51 (+1.54%)

Additionally, based on…

Additionally, based on the Company's forecasts for light vehicle production for calendar year 2022, the Company currently expects calendar year 2022 sales growth of approximately 4% - 8% above the 2021 sales estimates."In 2020, the Company experienced a severe, unexpected reduction in production volumes and revenue, especially in the second quarter, that was unlike anything in our history. While we are very thankful to be through what we hope to be the worst of the storm, we remain cautious about 2021 due to instability in our end markets, potential supply issues, international trade concerns, and the potential for long-term negative economic impacts from the pandemic. Despite these issues, we are hopeful that 2021 will develop in-line with our forecast, which suggests a record year for the Company. Over the last few years we have often been asked questions about the bear case against the Company, which was that our margin profile would not be sustainable over the long term, especially if there were another automotive recession. Historically, we have answered that question by describing our plans to adjust, if necessary, to a new economic environment. In 2020, we answered that question through our actions. Our team worked hard to adapt to the lower vehicle production volumes, addressed our cost structure, all while increasing throughput and yields. These actions resulted in significantly improved profitability in the second half of the year. This is evidence of our ability to drive shareholder value not only as a growth company, but also as a company that will find a way to thrive during a significant downturn. The most complex part of managing through this pandemic has been finding a way to improve the cost structure of the business, while not compromising our growth potential over the next five to ten years. Our announcements during virtual CES are evidence of the fact that we have managed our way through this crisis with our product pipeline fully intact and with more potential growth drivers available to the Company than ever before," said CEO Downing.

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GNTX Gentex
$33.52 /

+0.51 (+1.54%)

GNTX Gentex
$33.52 /

+0.51 (+1.54%)

01/28/21
Fly Intel: Top five analyst initiations
01/28/21 Seaport Global
Seaport starts Gentex with Neutral, awaits better entry point
01/28/21 Seaport Global
Gentex initiated with a Neutral at Seaport Global
10/26/20 B. Riley
Gentex price target raised to $38.75 from $33 at B. Riley Securities
GNTX Gentex
$33.52 /

+0.51 (+1.54%)

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