Gentex Corporation (GNTX) Getting Somewhat Favorable News Coverage, Accern Reports
News coverage about Gentex Corporation (NASDAQ:GNTX) has been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gentex Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 46.7459986846071 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Gentex Corporation (GNTX) to Release Quarterly Earnings on Friday (americanbankingnews.com)
- GNTX Dividend Yield Pushes Above 2% (nasdaq.com)
- Callon Petroleum Company (CPE) Stock Busy in Financial Matters- Gentex Corporation (GNTX) – Investing News Update (investingbizz.com)
- ETFs with exposure to Gentex Corp. : October 9, 2017 (finance.yahoo.com)
Gentex Corporation (NASDAQ GNTX) opened at 20.04 on Friday. The company has a market capitalization of $5.72 billion, a P/E ratio of 15.90 and a beta of 1.18. The stock’s 50 day moving average price is $19.28 and its 200-day moving average price is $18.99. Gentex Corporation has a one year low of $16.06 and a one year high of $22.12.
Gentex Corporation (NASDAQ:GNTX) last announced its earnings results on Friday, July 21st. The auto parts company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). Gentex Corporation had a return on equity of 18.95% and a net margin of 21.01%. The business had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $446.36 million. During the same quarter last year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that Gentex Corporation will post $1.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, October 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 2.00%. Gentex Corporation’s dividend payout ratio (DPR) is 31.50%.
Gentex Corporation announced that its board has authorized a stock buyback plan on Wednesday, August 23rd that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Several equities research analysts recently weighed in on GNTX shares. ValuEngine cut Gentex Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird raised Gentex Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $17.36 to $22.00 in a research note on Thursday, August 24th. Craig Hallum cut Gentex Corporation from a “buy” rating to a “hold” rating and set a $18.00 target price on the stock. in a research note on Monday, July 24th. BMO Capital Markets reissued an “outperform” rating and issued a $22.00 target price (down from $25.00) on shares of Gentex Corporation in a research note on Monday, July 24th. Finally, BidaskClub cut Gentex Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.07.
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In other Gentex Corporation news, CFO Steven R. Downing sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $19.70, for a total transaction of $157,600.00. Following the sale, the chief financial officer now owns 47,362 shares in the company, valued at approximately $933,031.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Fred Bauer sold 239,400 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $17.33, for a total value of $4,148,802.00. Following the sale, the chairman now owns 5,771,128 shares in the company, valued at approximately $100,013,648.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,720 shares of company stock worth $4,391,506. Company insiders own 2.50% of the company’s stock.
Gentex Corporation Company Profile
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 segment involves designing, developing, manufacturing and marketing interior and exterior automatic-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps.
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