Gentex (NASDAQ:GNTX) Stock, Quote.Headers.trade-ideas

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 2023 totaled about $2.3 billion with 50.6 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.

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GNTX

Gentex (NASDAQ: GNTX) reported $572.93 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.8%. EPS of $0.37 for the same period compares to $0.47 a year ago.

Here&#39;s What Key Metrics Tell Us About Gentex Q2 Earnings

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Gentex shares tumble after missing Q2 earnings estimates and cutting its FY24 revenue forecast.

Gentex Stock Sinks 7% After Q2 Earnings Miss And Revenue Forecast Slash - Details Here

Mid Cap

Gentex Corp (NASDAQ: GNTX) gains as it zooms past Q4 expectations, with sales hitting $589.1 million and EPS at $0.50, surpassing analyst estimates. Gentex projects FY24 revenues of $2.45 billion - $2.55 billion, building a roadmap for achieving a 35% - 36% gross margin by year-end.

Why Auto Component Maker Gentex Shares Are Seeing Blue Skies Today

Gentex Corp

Gentex (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gntx#NASDAQ">GNTX</a>) reported $572.93 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.8%. EPS of $0.37 for the same period compares to $0.47 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $623.28 million, representing a surprise of -8.08%. The company delivered an EPS surprise of -28.85%, with the consensus EPS estimate being $0.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company&#39;s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock&#39;s price performance.
Here is how Gentex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Auto-Dimming Mirror Shipments - Total Auto-Dimming Mirror Units: 12,184 thousand versus 13,728.19 thousand estimated by two analysts on average.</li>
<li>Auto-Dimming Mirror Shipments - Total Interior Mirrors: 7,535 thousand versus the two-analyst average estimate of 8,605.58 thousand.</li>
<li>Auto-Dimming Mirror Shipments - Total Exterior Mirrors: 4,649 thousand versus 5,122.61 thousand estimated by two analysts on average.</li>
<li>Auto-Dimming Mirror Shipments - North American Interior Mirrors: 2,346 thousand compared to the 2,655.78 thousand average estimate based on two analysts.</li>
<li>Auto-Dimming Mirror Shipments - Total International Mirror Units: 8,133 thousand compared to the 9,193.09 thousand average estimate based on two analysts.</li>
<li>Auto-Dimming Mirror Shipments - Total North American Mirror Units: 4,051 thousand compared to the 4,535.11 thousand average estimate based on two analysts.</li>
<li>Auto-Dimming Mirror Shipments - International Interior Mirrors: 5,189 thousand compared to the 5,949.81 thousand average estimate based on two analysts.</li>
<li>Auto-Dimming Mirror Shipments - International Exterior Mirrors: 2,944 thousand compared to the 3,243.28 thousand average estimate based on two analysts.</li>
<li>Auto-Dimming Mirror Shipments - North American Exterior Mirrors: 1,705 thousand compared to the 1,879.33 thousand average estimate based on two analysts.</li>
<li>Revenue- Other: $13.60 million versus the three-analyst average estimate of $9.78 million. The reported number represents a year-over-year change of +44.7%.</li>
<li>Revenue- Automotive Products: $559.30 million versus $621.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.</li>
</ul>
Shares of Gentex have returned -2.5% over the past month versus the Zacks S&amp;P 500 composite&#39;s -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2309899/here-s-what-key-metrics-tell-us-about-gentex-gntx-q2-earnings?cid=CS-BENZ-FT-fundamental_analysis|nfm-2309899">To read this article on Zacks.com click here.</a>

Here's What Key Metrics Tell Us About Gentex Q2 Earnings

Gentex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) shares are trading lower after the company missed second-quarter earnings estimates and<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> lowered its guidance.</a>
The company reported second-quarter earnings per share of 37 cents, but it <a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/39979856/asia-ex-japana-and-european-markets-advance-gold-gains-global-markets-today-while-us-slept" rel="noreferrer noopener">missed the street view of 52 cents. </a>Quarterly sales of $572.93 million missed the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus of $622.79 million.</a>
Automotive net sales were&nbsp;$559.3 million, down from $574.1 million&nbsp;in the&nbsp;second quarter&nbsp;of 2023. Auto-dimming mirror unit shipments decreased by&nbsp;6%.
&#8220;In total, the Company&#8217;s revenue for the second quarter of 2024 fell short of our beginning of quarter forecast by approximately $50 million, with the biggest impact coming from expected shipments to some of our largest customers,&#8221; said Gentex President and CEO Steve Downing.
For the second quarter of 2024, the gross margin was 32.9%, compared to a gross margin of 33.1% a year earlier.
Check This Out:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39972186/deckers-outdoor-q1-earnings-revenue-eps-beat-on-strength-in-hoka-ugg-brands" rel="noreferrer noopener">Deckers Outdoor Q1 Earnings: Revenue, EPS Beat On Strength In HOKA, UGG Brands</a>
&#8220;As we look to the second half of 2024, light vehicle production forecasts continue to show weakness versus prior year performance, but we expect to return to meaningful outgrowth versus the underlying market in the second half of this year,&#8221; commented Downing.&nbsp;
Income from operations was $114.9 million, compared to $127.3 million for the second quarter of 2023.
Outlook: Gentex has lowered its FY24 revenue outlook from $2.45 billion-$2.55 billion to $2.40 billion-$2.50 billion, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the $2.49 billion estimate.</a>
The company lowered calendar year 2025 revenue estimates to approximately $2.6 billion &#8211; $2.7 billion <a href="https://www.benzinga.com//node/38457383" target="_blank" rel="noreferrer noopener">from $2.65 billion &#8211; $2.75 billion, which comes below the consensus of $2.687 billion.</a>
Price Action: GNTX shares are trading lower by 7.59% to $30.09 at last check Friday.
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WIIM

Gentex shares are trading lower after the company missed Q2 earnings estimates and lowered its guidance.

Gentex shares are trading lower after the company missex Q2 earnings estimates and lowered its guidance.

Gentex Lowers FY14 Revenue Outlook From $2.45B - $2.55B To $2.40B - $2.50B Vs. $2.45B Est.

Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.52 by 28.85 percent. This is a 21.28 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $572.93 million which missed the analyst consensus estimate of $620.04 million by 7.60 percent. This is a 1.81 percent decrease over sales of $583.47 million the same period last year.

Earnings Misses

Gentex Q2 EPS $0.37 Misses $0.52 Estimate, Sales $572.93M Miss $620.04M Estimate

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 $36 to $35.

Price Target

JP Morgan Maintains Neutral on Gentex, Lowers Price Target to $35

Baird analyst David Leiker maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Outperform and lowers the price target from $41 to $40.

Baird Maintains Outperform on Gentex, Lowers Price Target to $40

Additionally, based on the Company&#39;s current forecast for light vehicle production for calendar year 2025, the Company still expects calendar year 2025 revenue of approximately&nbsp;$2.65&nbsp;-&nbsp;$2.75 billion.

Gentex Continues To See 2024 Revenue Of $2.45B-$2.55B, Est $2.516B

Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) 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.

Gentex Q1 2024 GAAP EPS $0.47, Inline, Sales $590.225M Miss $598.011M Estimate

Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and raises the price target from $40 to $41.

Guggenheim Maintains Buy on Gentex, Raises Price Target to $41

B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and raises the price target from $42 to $44.

B. Riley Securities Maintains Buy on Gentex, Raises Price Target to $44

Guggenheim analyst Ronald Jewsikow maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and raises the price target from $38 to $40.

Guggenheim Maintains Buy on Gentex, Raises Price Target to $40

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 raises the price target from $31 to $35.

Goldman Sachs Maintains Neutral on Gentex, Raises Price Target to $35

B. Riley Securities analyst Josh Nichols maintains Gentex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) with a Buy and raises the price target from $36 to $42.

B. Riley Securities Maintains Buy on Gentex, Raises Price Target to $42

Gentex Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNTX#NASDAQ">GNTX</a>) shares are trading higher after it reported better-than-expected&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36799823/gentex-reports-fourth-quarter-and-year-end-2023-financial-results" rel="noreferrer noopener">fourth-quarter financial results.</a>
Sales grew 19% Y/Y to $589.1 million, beating the analyst consensus of $560.8 million. EPS of $0.50&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus of $0.44.</a>
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 cost recoveries.
Operating expenses rose by 18% to $70.6 million. Operating income was $132.8 million, a 41% increase Y/Y.
During the fourth quarter of 2023, the company repurchased 2.2 million shares of its common stock at an average price of $30.76 per share.
The company held $240.8 million in cash and cash equivalents as of December 31, 2023.
<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">Outlook</a>: Gentex continues to expect FY24 revenue of approximately $2.45 billion &#8211; $2.55 billion <a href="https://www.benzinga.com/news/earnings/23/10/35467523/gentex-q3-earnings-beat-but-ceo-issues-warning-of-potential-q4-downturn-due-to-uaw-strikes-shares-f" target="_blank" rel="noreferrer noopener">(consensus: $2.50 billion)</a>.  
Also, the company projects FY25 revenues of $2.65 billion-$2.75 billion. It projects light vehicle production of 74.3 million (-1% Y/Y) in FY24 and 75.6 million (+2% Y/Y) in FY25.
&#8220;As we head into 2024, the next phase of our gross margin recovery plan will focus on bill of material reductions, throughput improvements, and overtime and scrap cost reductions. The improvements made in 2023 combined with our targeted improvements for 2024 provide the roadmap of how to achieve our target of a 35% &#8211; 36% gross margin by the end of the year,&#8221; said Steve Downing, CEO.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36534858/gentex-invests-in-wireless-power-transfer-technology-company-solace-power-whats-on-the-cards" rel="noreferrer noopener">Gentex Invests In Wireless Power Transfer Technology Company Solace Power &#8211; What&#8217;s On The Cards?</a>
Price Action: GNTX shares are up 7.202% at $34.13 on the last check Friday.

U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday.
Shares of Booz Allen Hamilton Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>) rose sharply during Friday&rsquo;s session after the company reported better-than-expected third-quarter financial results, increased its quarterly dividend and <a href="https://www.benzinga.com/quote/BAH/earnings">raised FY24 guidance</a>.
Booz Allen Hamilton posted adjusted earnings of $1.41 per share, beating market estimates of $1.14 per share. The company&rsquo;s quarterly sales came in at $2.57 billion versus expectations of $2.54 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Booz Allen Hamilton shares jumped 13.2% to $145.90 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>AppFolio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) surged 25.7% to $219.23 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Vera Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vera#NASDAQ">VERA</a>) gained 20.6% to $30.54. Raymond James analyst Steven Seedhouse upgraded Vera Therapeutics from Outperform to Strong Buy and raised the price target from $29 to $37.</li>
<li>eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) jumped 19.8% to $6.70 after the company announced preliminary results for the fourth quarter.</li>
<li>Tellurian Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tell#NASDAQ">TELL</a>) shares rose 16.6% to $0.6067 following a report suggesting the company hired Lazard to explore a possible sale.</li>
<li>Cipher Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cifr#NASDAQ">CIFR</a>) climbed 11.8% to $2.64.</li>
<li>Lumen Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NASDAQ">LUMN</a>) gained 11.2% to $1.5350 after the company announced that it entered into an amended and rested transaction support agreement with a group of creditors.</li>
<li>ESSA Pharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/epix#NASDAQ">EPIX</a>) gained 11% to $7.55.</li>
<li>Mereo BioPharma Group plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mreo#NASDAQ">MREO</a>) rose 10.5% to $4.0207.</li>
<li>Freedom Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frhc#NASDAQ">FRHC</a>) gained 8.5% to $84.98 after the company announced the conclusion of an external review of allegations made in a short-seller report.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) climbed 7.8% to $7.88.</li>
<li>Repligen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgen#NASDAQ">RGEN</a>) rose 7.3% to $199.07.</li>
<li>American Express Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axp#NYSE">AXP</a>) climbed 7.2% to $201.61 after the company posted quarterly results and plans to increase the regular quarterly dividend by 17%.</li>
<li>Avid Bioservices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdmo#NASDAQ">CDMO</a>) rose 7.2% to $7.42.</li>
<li>First Financial Bankshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffin#NASDAQ">FFIN</a>) rose 6.9% to $32.29 after the company reported fourth-quarter financial results.</li>
<li>The Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbbk#NASDAQ">TBBK</a>) climbed 6.6% to $43.18 after the company reported better-than-expected fourth-quarter sales results.</li>
<li>Gentex Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gntx#NASDAQ">GNTX</a>) surged 6% to $33.74 after the company reported better-than-expected fourth-quarter financial results and issued guidance.</li>
<li>Olin Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oln#NYSE">OLN</a>) gained 6% to $54.89 following strong results.</li>
<li>Avantor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avtr#NYSE">AVTR</a>) rose 5.2% to $23.07 after Raymond James maintained an Outperform rating on the stock and raised its price target from $22.5 to $26.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36796404/how-to-earn-500-a-month-from-pfizer-stock-ahead-of-q4-earnings-print"> How To Earn $500 A Month From Pfizer Stock Ahead Of Q4 Earnings Print </a>

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CIFR

CLSK

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MREO

RGEN

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TELL

VERA

Booz Allen Hamilton Posts Upbeat Results, Joins AppFolio, Gentex And Other Big Stocks Moving Higher On Friday

Gentex shares are trading higher after the company reported better-than-expected Q4 financial results and issued guidance.

Gentex FY25 Outlook: Revenue of $2.65B-$2.75B

Gentex FY24 Outlook: Revenue of $2.45B - $2.55B Vs. $2.5B Est.

The growth of the auto parts industry can be attributed to rising new vehicle sales, growing demand for custom-made parts, use of precision components, and technological advances. Given this industry's promising growth prospects, investors could consider buying quality auto stocks: Gentex (GNTX), Lear (LEA), and Stoneridge (SRI). Read on... The auto parts industry growth prospects appear promising due to ongoing technological innovations, rapid transition to EVs, growing interest in automotive DIY, an uptick in customization, and the use of advanced components in cars.
Amid this backdrop, investors could consider buying fundamentally strong auto stocks such as Gentex Corporation (<a href="https://stocknews.com/stock/GNTX/">GNTX</a>), Lear Corporation (<a href="https://stocknews.com/stock/LEA/">LEA</a>), and Stoneridge, Inc. (<a href="https://stocknews.com/stock/SRI/">SRI</a>). Before exploring the fundamentals of these stocks, let's first understand what's shaping the auto industry's prospects.
Unlike automobile manufacturers, the demand for auto parts is not cyclical. Consistent auto parts sales allow manufacturers to maintain their margins irrespective of the economic cycle. Sales of new vehicles contribute to the growth of the auto parts industry by creating a demand for accessories, sensors, components, etc.
U.S. new vehicle sales hit 1.44 million units in May 2024, representing a <a href="https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month">5% year-over-year increase</a>. Although the auto parts industry is not entirely dependent on new vehicle sales, it benefits from the uptick nevertheless.
Vehicle prices have been high over the past few years due to higher raw material costs and the shortage of chips, thus compelling prospective buyers to stick to their old cars for longer. This has resulted in the need for auto parts and components for repair, maintenance, upgradation, and to keep them running.
Additionally, the need for accessories, better performance figures, personalization, and customization contributes substantially to the industry's growth. Additionally, making automotive parts available on e-commerce platforms benefits the industry and serves as a significant growth driver.
The U.S. automotive aftermarket size is estimated to reach $336.79 billion by 2033, exhibiting a <a href="https://www.precedenceresearch.com/us-automotive-after-market">CAGR of 4.4%</a>.
Considering these conducive trends, let's examine the fundamentals of the three <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> stock picks, starting with the third in line.
Stock #3: Gentex Corporation (<a href="https://stocknews.com/stock/GNTX/">GNTX</a>)
GNTX designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the U.S., Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products, and Other segments.
On February 27, 2024, GNTX announced the launch of HomeLink Smart Home Solutions, a comprehensive and curated suite of smart home products controlled and monitored by a single app. This launch helped unify the worlds of car connectivity and home automation into a seamless ecosystem.
GNTX's trailing-12-month CAPEX / Sales of 7.39% is 146.2% higher than the industry average of 3%. Similarly, its trailing-12-month Return on Total Capital and <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">Return on Total Assets</a> of 14.19% and 16.18% are 129.1% and 286.9% higher than the industry averages of 6.19% and 4.18%, respectively.
GNTX's net sales for the fiscal first quarter that ended March 31, 2024, increased 7.2% year-over-year to $590.23 million. Its gross profit grew 15.7% from the year-ago quarter to $202.24 million. The company's net income stood at $108.23 million, up 10.9% over the prior-year quarter. Also, its earnings per share rose 11.9% from the year-ago quarter to $0.47.
Analysts expect GNTX's revenue and EPS for the quarter ending June 30, 2024, to increase 7.1% and 11.4% year-over-year to $624.66 million and $0.52, respectively. The company surpassed Street revenue and EPS estimates in three of the trailing four quarters, which is impressive. Over the past year, the stock has gained 25.5%, closing the last trading session at $34.24.
GNTX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
GNTX has a B grade for Stability and Quality. It is ranked #34 out of 61 stocks in the B-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry. <a href="https://stocknews.com/stock/GNTX/">Click here</a> to see GNTX's Growth, Value, Momentum, and Sentiment ratings.
Stock #2: Lear Corporation (<a href="https://stocknews.com/stock/LEA/">LEA</a>)
LEA designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. It operates through Seating and E-Systems segments.
On April 29, 2024, LEA announced an agreement to acquire WIP Industrial Automation, set to close by the third quarter of 2024. This move will expand LEA's global automation and digital capabilities, boosting innovation in next-generation automation technologies by integrating ASI Automation, Thagora Technology SRL, and InTouch Automation.
LEA's trailing-12-month asset turnover ratio of 1.61x is 62.9% higher than the industry average of 0.99x. Likewise, its trailing-12-month Return on Total Capital of 7.83% is 26.5% higher than the industry average of 6.19%.
For the fiscal first quarter that ended March 30, 2024, LEA's net sales stood at $5.99 billion, up 2.6% year-over-year. For the same quarter, its adjusted net income and earnings per share increased 10.5% and 14.4% from the year-ago quarter to $183.20 million and $3.18, respectively.
As of March 30, 2024, LEA's total current assets amounted to $7.91 billion, compared to $7.64 billion as of December 31, 2023.
Street expects LEA's EPS and revenue for the quarter ending June 30, 2024, to increase 4.2% and 2.6% year-over-year to $3.47 and $6.16 billion, respectively. The company surpassed consensus EPS and revenue estimates in three of the trailing four quarters. LEA has declined 4.3% over the past month, closing the last trading session at $122.38.
LEA's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has a B grade for Value. It is ranked #32 in the same industry. Get LEA's Growth, Momentum, Stability, Sentiment, and Quality ratings<a href="https://stocknews.com/stock/LEA/"> here</a>.
Stock #1: Stoneridge, Inc. (<a href="https://stocknews.com/stock/SRI/">SRI</a>)
SRI designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.
SRI's trailing-12-month CAPEX / Sales of 3.51% is 17% higher than the industry average of 3%. Its trailing-12-month asset turnover ratio of 1.45x is 46.1% higher than the industry average of 0.99x.
SRI's adjusted sales for the fiscal first quarter that ended March 31, 2024, amounted to $239.20 million, up 3% year-over-year. Its adjusted gross profit and EBITDA grew 12.6% and 83.3% from the year-ago value to $48.40 million and $6.60 million, respectively. Moreover, as of March 31, 2024, SRI's total current assets amounted to $431.34 million, compared to $429.39 million as of December 31, 2023.
For the quarter ending September 30, 2024, SRI's revenue and EPS are expected to increase 5.5% and 50% year-over-year to $251.22 million and $0.15, respectively. It surpassed consensus revenue and EPS estimates in three of the trailing four quarters. The stock has declined 2.5% over the past month to close the last trading session at $15.49.
SRI's POWR Ratings reflect its robust prospects. It has an overall B rating, equating to Buy in our proprietary rating system.
SRI has a B grade for Growth and Sentiment. Within the Auto Parts industry, it is ranked #30. <a href="https://stocknews.com/stock/SRI/">Click here</a> for the additional POWR Ratings of SRI (Value, Momentum, Stability, and Quality).
What To Do Next?
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GNTX shares were trading at $34.16 per share on Friday morning, down $0.08 (-0.23%). Year-to-date, GNTX has gained 5.35%, versus a 12.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/gntx-lea-sri-3-auto-stocks-with-promising-pipelines-in-june-2024/>3 Auto Stocks With Promising Pipelines in June 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Gentex (NASDAQ:<a href="https://investorplace.com/stock-quotes/gntx-stock-quote/">GNTX</a>) just reported results for the second quarter of 2024.<ul><li>Gentex reported earnings per share of 37 cents. This was below the analyst estimate for EPS of 52 cents.</li><li>The company reported revenue of $572.93 million.</li><li>This was 7.60% worse than the analyst estimate for revenue of $620.04 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/gntx-stock-earnings-gentex-for-q2-of-2024/">GNTX Stock Earnings: Gentex Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Gentex

Gentex (GNTX) Forecast

Gentex (NASDAQ:GNTX) Stock, Quote.Headers.trade-ideas