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NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

$16.57
+0.17 (+1.04%)
(As of 02:13 PM ET)
Today's Range
$16.50
$16.84
50-Day Range
$16.18
$17.84
52-Week Range
$10.68
$17.99
Volume
692,753 shs
Average Volume
2.82 million shs
Market Capitalization
$4.33 billion
P/E Ratio
18.21
Dividend Yield
N/A
Price Target
$19.13

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
15.4% Upside
$19.13 Price Target
Short Interest
Bearish
5.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.49mentions of Gates Industrial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$328.64 M Sold Last Quarter
Proj. Earnings Growth
22.73%
From $1.32 to $1.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.42 out of 5 stars

Construction Sector

51st out of 98 stocks

General Industrial Machinery & Equipment Industry

3rd 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

Barclays Keeps Their Hold Rating on Gates Industrial (GTES)
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
6/12/2024
Next Earnings (Estimated)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
14,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.13
High Stock Price Target
$26.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+14.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$232.90 million
Pretax Margin
9.05%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.17 per share
Book Value
$13.42 per share

Miscellaneous

Free Float
255,368,000
Market Cap
$4.36 billion
Optionable
Optionable
Beta
1.43
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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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GTES shares.
View GTES analyst ratings
or view top-rated stocks.

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

8 brokers have issued 1-year price targets for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $26.00. On average, they expect the company's stock price to reach $19.13 in the next year. This suggests a possible upside of 15.4% 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 2024?

Gates Industrial's stock was trading at $13.42 at the start of the year. Since then, GTES stock has increased by 23.5% and is now trading at $16.57.
View the best growth stocks for 2024 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 10,990,000 shares, an increase of 14.0% from the May 15th total of 9,640,000 shares. Based on an average daily volume of 3,060,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 5.3% of the shares of the company are sold short.
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, August 2nd 2024.
View our GTES earnings forecast
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) announced its earnings results on Wednesday, May, 1st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $862.60 million for the quarter, compared to analyst estimates of $866 million. Gates Industrial had a net margin of 6.97% and a trailing twelve-month return on equity of 10.52%.

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

Gates Industrial issued an update on its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of $1.28-1.43 for the period, compared to the consensus earnings per share estimate of $1.42. The company issued revenue guidance of (3%) to 1% to $3.46-3.61 billion, compared to the consensus revenue estimate of $3.57 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?

Gates Industrial (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.

Who are Gates Industrial's major shareholders?

Gates Industrial's stock is owned by a number of retail and institutional investors. Top institutional investors include Blackstone Inc. (27.55%), Vanguard Group Inc. (6.89%), Allspring Global Investments Holdings LLC (5.58%), Janus Henderson Group PLC (2.47%), LSV Asset Management (1.32%) and Paradice Investment Management LLC (0.71%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson, Ivo Jurek, Neil P Simpkins and Wilson S Neely.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GTES) was last updated on 6/12/2024 by MarketBeat.com Staff

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