Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Gentex (GNTX) Share Price

Media coverage about Gentex (NASDAQ:GNTX) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gentex earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.7819123740461 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s analysis:

Shares of Gentex (NASDAQ:GNTX) traded down $0.20 during trading hours on Tuesday, reaching $22.80. 7,660,000 shares of the company were exchanged, compared to its average volume of 2,020,000. The firm has a market cap of $6,470.00, a PE ratio of 18.10, a P/E/G ratio of 1.70 and a beta of 1.22. Gentex has a 12-month low of $16.59 and a 12-month high of $23.14.

Gentex (NASDAQ:GNTX) last issued its quarterly earnings results on Friday, October 20th. The auto parts company reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $438.63 million during 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%. Gentex’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. sell-side analysts predict that Gentex will post 1.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, January 5th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, January 4th. Gentex’s dividend payout ratio is currently 31.75%.

A number of research firms recently commented on GNTX. Zacks Investment Research raised shares of Gentex from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, January 10th. Longbow Research began coverage on shares of Gentex in a research report on Friday, January 5th. They issued a “buy” rating and a $25.00 target price on the stock. ValuEngine raised shares of Gentex from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. BidaskClub raised shares of Gentex from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Finally, B. Riley reaffirmed a “buy” rating on shares of Gentex in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.69.

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About Gentex

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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