Gentex Reports Second Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/25/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Gentex (GNTX) PT Raised to $32 at Jefferies
July 27, 2020 8:28 AM EDTJefferies analyst David Kelley raised the price target on Gentex (NASDAQ: GNTX) to $32.00 (from $31.00) while maintaining a Buy rating following results.
The analyst commented, "NTX reported below consensus 2Q adj. EPS of $0.02 as sales of $230m tracked in line with our below consensus est.... More
Gentex Corp (GNTX) Misses Q2 EPS by 14c, Revenues Miss
July 24, 2020 8:03 AM EDTGentex Corp (NASDAQ: GNTX) reported Q2 EPS of ($0.02), $0.14 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $229.9 million versus the consensus estimate of $258.6 million.
2nd Quarter 2020 Summary
Net Sales decline of 51% quarter over quarter despite a 69% and 62% quarter over quarter decline in light vehicle production in North America and Europe, respectively.Severance related costs of $8.8 million recognized during the quarter in order to achieve an estimated $35 million in annualized savings.Positive cash flow from operations of $39.2 million despite the significantly lower sales... More