Gentex Corporation (NASDAQ:GNTX) Given Price Target Of $16.833


As per Gentex Corporation (NASDAQ:GNTX)’s news release on 2016-08-31, its shareholders will get cash dividend of $0.09 per share. The recent press release updated on the record date and payout date, which stands at 2016-10-07 and 2016-10-19, respectively.

The stock will commence trading ex-dividend from 2016-10-05, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Gentex Corporation (NASDAQ:GNTX) disbursed $0.09 in dividend compared to distribution of $0.09, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 36.6667%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Gentex Corporation (NASDAQ:GNTX) to attain a price target of $16.833. It is an average estimate figure given by 6 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $21. The low price range is set at $11 for next year while the arithmetic mean is seen at 2.29.

Eyeing Earnings Gentex Corporation (NASDAQ:GNTX) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.3 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Gentex Corporation (NASDAQ:GNTX) earnings came at $0.3 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.29 for the quarter.

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