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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
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His system isolated NVIDIA - Here's His Next Buy. (Ad)
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A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
His system isolated NVIDIA - Here's His Next Buy. (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
NYSE:GTES

Gates Industrial (GTES) Stock Forecast, Price & News

$11.56
-0.05 (-0.43%)
(As of 09/22/2023 ET)
Compare
Today's Range
$11.53
$11.66
50-Day Range
$11.47
$13.67
52-Week Range
$9.40
$14.93
Volume
793,939 shs
Average Volume
1.47 million shs
Market Capitalization
$3.05 billion
P/E Ratio
14.45
Dividend Yield
N/A
Price Target
$15.15

Gates Industrial MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
31.1% Upside
$15.15 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.21mentions of Gates Industrial in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$199.58 M Sold Last Quarter
Proj. Earnings Growth
7.21%
From $1.11 to $1.19 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Construction Sector

50th out of 96 stocks

General Industrial Machinery & Equipment Industry

2nd out of 7 stocks


GTES stock logo

About Gates Industrial (NYSE:GTES) Stock

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 Price History

GTES Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Gates Industrial Plc (NYSE: GTES)
GTES Gates Industrial Corporation plc
See More Headlines
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GTES Company Calendar

Last Earnings
8/04/2023
Today
9/24/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$15.15
High Stock Price Forecast
$19.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$220.80 million
Pretax Margin
7.75%

Debt

Sales & Book Value

Annual Sales
$3.55 billion
Cash Flow
$1.81 per share
Book Value
$12.20 per share

Miscellaneous

Free Float
258,012,000
Market Cap
$3.05 billion
Optionable
Optionable
Beta
1.56
13 Stocks Institutional Investors Won't Stop Buying Cover

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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 - Frequently Asked Questions

Should I buy or sell Gates Industrial stock right now?

8 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 3 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 forecast for 2023?

8 Wall Street analysts have issued twelve-month price objectives for Gates Industrial's stock. Their GTES share price forecasts range from $13.00 to $19.00. On average, they expect the company's share price to reach $15.15 in the next twelve months. This suggests a possible upside of 31.1% 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 on January 1st, 2023. Since then, GTES shares have increased by 1.3% and is now trading at $11.56.
View the best growth stocks for 2023 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,760,000 shares, an increase of 41.9% from the August 15th total of 1,240,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.1% 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 Friday, November 3rd 2023.
View our GTES earnings forecast
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings results on Friday, August, 4th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business had revenue of $936.30 million for the quarter, compared to analysts' expectations of $935.63 million. Gates Industrial had a trailing twelve-month return on equity of 9.07% and a net margin of 6.36%.

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 updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of $1.18-$1.24 for the period, compared to the consensus estimate of $1.19. The company issued revenue guidance of $3.74 billion-$3.81 billion, compared to the consensus revenue estimate of $3.64 billion.

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 $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank served 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.

What is Gates Industrial's stock symbol?

Gates Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES."

Who are Gates Industrial's major shareholders?

Gates Industrial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.38%), Dimensional Fund Advisors LP (2.77%), Cooke & Bieler LP (2.31%), BlackRock Inc. (1.85%), Diamond Hill Capital Management Inc. (1.72%) and JPMorgan Chase & Co. (1.78%). 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.

What is Gates Industrial's stock price today?

One share of GTES stock can currently be purchased for approximately $11.56.

How much money does Gates Industrial make?

Gates Industrial (NYSE:GTES) has a market capitalization of $3.05 billion and generates $3.55 billion in revenue each year. The company earns $220.80 million in net income (profit) each year or $0.80 on an earnings per share basis.

How many employees does Gates Industrial have?

The company employs 15,000 workers across the globe.

How can I contact Gates Industrial?

Gates Industrial's mailing address is 1144 FIFTEENTH STREET, DENVER CO, 80202. The official website for the company is www.gates.com. The company can be reached via phone at 303-744-1911 or via email at investorrelations@gates.com.

This page (NYSE:GTES) was last updated on 9/24/2023 by MarketBeat.com Staff

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