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S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

Gates Industrial Stock Price, News & Analysis (NYSE:GTES)

$12.18
-0.04 (-0.33%)
(As of 12/6/2023 ET)
Compare
Today's Range
$12.17
$12.46
50-Day Range
$10.76
$12.60
52-Week Range
$10.68
$14.93
Volume
736,918 shs
Average Volume
1.31 million shs
Market Capitalization
$3.22 billion
P/E Ratio
13.38
Dividend Yield
N/A
Price Target
$15.39

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
26.4% Upside
$15.39 Price Target
Short Interest
Healthy
2.86% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.31mentions of Gates Industrial in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.40%
From $1.19 to $1.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Construction Sector

40th out of 80 stocks

General Industrial Machinery & Equipment Industry

4th out of 7 stocks


GTES stock logo

About Gates Industrial Stock (NYSE:GTES)

Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.

GTES Stock Price History

GTES Stock News Headlines

Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
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Driveway Gate Cost Factors, Explained
Bill Gates claims AI could lead to three-day working week
Gates Industrial Corp PLC GTES
The 3 Best Books Bill Gates Read in 2023
OTIS Benefits From R&D Investments, Solid Backlog Level
See More Headlines
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Company Calendar

Last Earnings
11/03/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
15,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.39
High Stock Price Target
$19.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+26.4%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$220.80 million
Pretax Margin
8.26%

Debt

Sales & Book Value

Annual Sales
$3.55 billion
Cash Flow
$1.75 per share
Book Value
$12.20 per share

Miscellaneous

Free Float
258,034,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
1.51
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Key Executives

  • David L. Calhoun (Age 60)
    Chairman of the Board
  • Ivo Jurek (Age 53)
    Chief Executive Officer, Director
  • David H. Naemura (Age 48)
    Chief Financial Officer
  • Walter T. Lifsey (Age 59)
    Chief Operating Officer
  • Jamey S. Seely (Age 46)
    Executive Vice President, General Counsel, Corporate Secretary
  • Roger C. Gaston (Age 61)
    Executive Vice President of Human Resources
  • Gregory F. Kirchhoff (Age 59)
    Senior Vice President - Corporate Controller
  • John C. Plant (Age 64)
    Director
  • Julia C. Kahr (Age 39)
    Independent Director
  • Terry A. Klebe (Age 62)
    Independent Director














GTES Stock Analysis - Frequently Asked Questions

Should I buy or sell Gates Industrial stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GTES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTES, but not buy additional shares or sell existing shares.
View GTES analyst ratings
or view top-rated stocks.

What is Gates Industrial's stock price target for 2024?

7 equities research analysts have issued 12 month price targets for Gates Industrial's shares. Their GTES share price targets range from $14.00 to $19.00. On average, they expect the company's share price to reach $15.39 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for GTES
or view top-rated stocks among Wall Street analysts.

How have GTES shares performed in 2023?

Gates Industrial's stock was trading at $11.41 at the beginning of 2023. Since then, GTES stock has increased by 6.7% and is now trading at $12.1750.
View the best growth stocks for 2023 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 4,270,000 shares, an increase of 49.3% from the October 31st total of 2,860,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.9% of the company's shares are short sold.
View Gates Industrial's Short Interest
.

When is Gates Industrial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our GTES earnings forecast
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) issued its quarterly earnings data on Friday, November, 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to analyst estimates of $883.50 million. Gates Industrial had a net margin of 7.08% and a trailing twelve-month return on equity of 9.20%.

What ETF holds Gates Industrial's stock ?

Adaptiv Select ETF holds 132,771 shares of GTES stock, representing 3.28% of its portfolio.

What guidance has Gates Industrial issued on next quarter's earnings?

Gates Industrial issued an update on its fourth quarter 2023 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $855.00 million-$885.00 million, compared to the consensus revenue estimate of $885.56 million.

What is Ivo Jurek's approval rating as Gates Industrial's CEO?

108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Gates Industrial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and Boeing (BA).

When did Gates Industrial IPO?

(GTES) raised $751 million in an initial public offering (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at a price of $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank acted as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers.

Who are Gates Industrial's major shareholders?

Gates Industrial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Blackstone Inc. (42.99%), Allspring Global Investments Holdings LLC (3.64%), American Century Companies Inc. (2.88%), AQR Capital Management LLC (2.67%), Diamond Hill Capital Management Inc. (1.86%) and FMR LLC (1.21%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc and Fredrik J Eliasson.
View institutional ownership trends
.

How do I buy shares of Gates Industrial?

Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:GTES) was last updated on 12/7/2023 by MarketBeat.com Staff

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