Media headlines about Gentex (NASDAQ:GNTX) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gentex earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 46.0929685800582 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s rankings:
Several equities research analysts have issued reports on GNTX shares. BidaskClub upgraded Gentex from a “hold” rating to a “buy” rating in a research report on Saturday, June 16th. ValuEngine downgraded Gentex from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Susquehanna Bancshares set a $24.00 target price on Gentex and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research cut shares of Gentex from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Longbow Research reaffirmed a “buy” rating and issued a $28.00 price target on shares of Gentex in a report on Monday, April 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $25.60.
Gentex stock opened at $24.56 on Friday. The firm has a market capitalization of $6.85 billion, a PE ratio of 18.53, a PEG ratio of 1.14 and a beta of 1.26. Gentex has a fifty-two week low of $16.59 and a fifty-two week high of $25.41.
Gentex (NASDAQ:GNTX) last released its earnings results on Friday, April 20th. The auto parts company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The business had revenue of $465.42 million for the quarter, compared to analysts’ expectations of $478.06 million. Gentex had a return on equity of 19.05% and a net margin of 23.27%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. research analysts expect that Gentex will post 1.69 EPS for the current year.
Gentex declared that its board has approved a share buyback plan on Friday, March 9th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, July 6th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $0.44 dividend on an annualized basis and a yield of 1.79%. Gentex’s dividend payout ratio is presently 34.38%.
In related news, Director Frederick A. Sotok sold 4,000 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $22.92, for a total value of $91,680.00. Following the transaction, the director now owns 31,696 shares of the company’s stock, valued at $726,472.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Mulder sold 5,000 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
Gentex Corporation provides automatic-dimming and non-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 worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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