Media coverage about Gentex (NASDAQ:GNTX) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gentex earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 46.4662178289298 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Rinspeed’s “Snap” Concept Vehicle Features New Gentex Technologies – GlobeNewswire (press release) (globenewswire.com)
- Rinspeed’s “Snap” Concept Vehicle Features New Gentex Technologies (finance.yahoo.com)
- Rinspeed’s “Snap” Concept Vehicle Features New Gentex Technologies (feeds.benzinga.com)
- Dazzling Stocks: Gentex Corporation, (NASDAQ: GNTX),Check Point Software Technologies Ltd., (NASDAQ: CHKP … – Hot Stocks In Focus (press release) (reagentsglobalmarket.com)
- Four stocks you should always put money on: Gentex Corporation, (NASDAQ: GNTX), Emerson Electric Co., (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
Several analysts have issued reports on GNTX shares. BidaskClub upgraded shares of Gentex from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of Gentex from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Robert W. Baird lowered their target price on shares of Gentex from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, October 23rd. ValuEngine cut shares of Gentex from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $25.00 target price on shares of Gentex in a research note on Sunday, October 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.06.
Gentex (NASDAQ:GNTX) last posted its quarterly earnings data on Friday, October 20th. The auto parts company reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The firm had revenue of $438.63 million for the quarter, compared to analysts’ expectations of $452.42 million. Gentex had a net margin of 20.80% and a return on equity of 18.45%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. equities research analysts forecast that Gentex will post 1.27 earnings per share for the current fiscal year.
Gentex announced that its board has authorized a stock buyback plan on Wednesday, August 23rd that authorizes the company to buyback 15,000,000 outstanding shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, January 4th. Gentex’s dividend payout ratio (DPR) is currently 31.75%.
In other news, CFO Steven R. Downing sold 8,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were 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 filing with the SEC, which is accessible through this link. Also, insider Kevin C. Nash sold 4,320 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $19.70, for a total transaction of $85,104.00. Following the sale, the insider now owns 30,732 shares in the company, valued at approximately $605,420.40. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
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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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