Somewhat Positive Press Coverage Somewhat Unlikely to Affect Gentex (GNTX) Share Price
News articles about Gentex (NASDAQ:GNTX) have trended somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gentex earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.3932033880261 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s analysis:
- Gentex Corp (GNTX) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- Gentex Co. (GNTX) Expected to Announce Quarterly Sales of $474.28 Million (americanbankingnews.com)
- $0.40 Earnings Per Share Expected for Gentex Co. (GNTX) This Quarter (americanbankingnews.com)
- Gentex Co. (GNTX) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
A number of equities analysts recently weighed in on GNTX shares. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. B. Riley restated a “buy” rating on shares of Gentex in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Gentex from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. ValuEngine upgraded shares of Gentex from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Finally, Longbow Research started coverage on shares of Gentex in a research report on Friday, January 5th. They set a “buy” rating and a $25.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Gentex presently has a consensus rating of “Buy” and an average price target of $25.50.
Gentex (NASDAQ:GNTX) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Gentex had a net margin of 22.66% and a return on equity of 18.35%. The business had revenue of $459.57 million during the quarter, compared to analyst estimates of $449.43 million. During the same quarter last year, the business earned $0.31 earnings per share. Gentex’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts anticipate that Gentex will post 1.62 EPS for the current fiscal year.
In other Gentex news, Director James H. Wallace sold 12,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total transaction of $280,800.00. Following the completion of the transaction, the director now owns 48,304 shares in the company, valued at $1,130,313.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin C. Nash sold 7,874 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $23.40, for a total transaction of $184,251.60. Following the transaction, the insider now owns 34,062 shares of the company’s stock, valued at approximately $797,050.80. The disclosure for this sale can be found here. Insiders have sold 27,094 shares of company stock valued at $635,877 in the last quarter. 2.50% of the stock is owned by company insiders.
Gentex 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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