Just Released: New Research on Gentex, Gentherm, Geospace Technologies, Gibraltar Industries and Giga-tronics
NEW YORK, December 11, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only. To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
GNTX Research Report: (http://get.realtimeequities.com/pdf/?c=Gentex&d=11-Dec-2014&s=GNTX ),
THRM Research Report: (http://get.realtimeequities.com/pdf/?c=Gentherm&d=11-Dec-2014&s=THRM ),
GEOS Research Report: (http://get.realtimeequities.com/pdf/?c=Geospace%20Technologies&d=11-Dec-2014&s=GEOS ),
ROCK Research Report: (http://get.realtimeequities.com/pdf/?c=Gibraltar%20Industries&d=11-Dec-2014&s=ROCK ),
GIGA Research Report: (http://get.realtimeequities.com/pdf/?c=Giga-tronics&d=11-Dec-2014&s=GIGA ).
Analyst Update: Stock Split, Quarterly Results and Promotions
Reviewed by: Rohit Tuli, CFA®
The US stock market on December 10, 2014 ended the day in red, led by a sharp decline in oil stocks amid the investor concerns about the global-economic slowdown. The Dow Jones industrial average fell 1.51%, the S&P 500 edged 1.64% lower, and the NASDAQ Composite declined 1.73%. The Oil price on Wednesday fell 4.5% to $60.94 a barrel, down 43% from this year's high after Organization of the Petroleum Exporting Countries (OPEC) reduced its forecasts for crude oil production in 2015 owing to the swelling supply from North America and other rising producers. The Asian stock markets ended the day on a mixed note with fresh concerns over slumping oil price and Greece's weak economy, which was offset by a strong rebound in Shanghai Composite Index. The European stocks renounced gains with the turnaround led by a slump in energy shares as oil prices extended their losses.
Gentex Corporation (Gentex) announced two-for-one stock split, effected in the form of a 100% common stock dividend. The stock dividend will be issued on December 31, 2014, to shareholders of record at the close of business on December 17, 2014. The Company also declared the shares repurchased during the quarter.
Gentherm Inc. (Gentherm) reported strong third quarter 2014 financial results as bottom line improved by a staggering 102.4% YoY, while its Product revenues increased 20.3% YoY to $206.0 million, driven by continued strong shipments of the Company's CCS systems and $8.5 million in revenue from GPT.
Geospace Technologies Corp. (Geospace Technologies) reported weak fourth quarter and full-year fiscal 2014 financial results, reflecting significant decline in both top line and bottom line. Total revenues stood at $26.3 million, down 61.5% YoY, dragged by 70.5% YoY decline in products revenue to $19.4 million, partially offset by 166.9% YoY growth in rental equipment revenue to $6.9 million.
Gibraltar Industries Inc. (Gibraltar Industries) promoted Frank Heard, the Company's current President and Chief Operating Officer, to the post of CEO; Frank Heard was also appointed to the Board of Directors. Both the changes will be effective January 1, 2015. The Company posted robust Q3 2014 results with strong improvement in its bottom-line.
Giga-tronics, Incorporated (Giga-tronics) reported strong second quarter fiscal 2015 results, turning the Company around from losses reported in previous year. Net sales also improved 29.4% YoY to $5.1 million. For 6M FY 2015 net sales improved 37.7% YoY to $9.6 million, while net loss stood at $0.4 million or $0.07 diluted loss per share, versus net loss of $1.8 million or $0.35 diluted loss per share in 6M FY 2014.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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