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NYSE:GTES

Gates Industrial Stock Forecast, Price & News

$11.20
-0.31 (-2.69 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$11.02
Now: $11.20
$11.34
50-Day Range
$10.72
MA: $11.55
$12.21
52-Week Range
$5.42
Now: $11.20
$14.30
Volume173,988 shs
Average Volume299,296 shs
Market Capitalization$3.25 billion
P/E Ratio48.70
Dividend YieldN/A
Beta1.94
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.
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Gates Industrial logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.69 out of 5 stars

Industry, Sector and Symbol

Industry General industrial machinery & equipment
Sub-IndustryN/A
CUSIPN/A
Phone303-744-1911
Employees14,700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.60 per share
Book Value$10.38 per share

Profitability

Net Income$690.10 million

Miscellaneous

Market Cap$3.25 billion
Next Earnings Date11/3/2020 (Confirmed)
OptionableOptionable
$11.20
-0.31 (-2.69 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

How has Gates Industrial's stock been impacted by Coronavirus?

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GTES stock has increased by 27.6% and is now trading at $11.20.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Gates Industrial?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Gates Industrial
.

When is Gates Industrial's next earnings date?

Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Gates Industrial
.

How can I listen to Gates Industrial's earnings call?

Gates Industrial will be holding an earnings conference call on Tuesday, November 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings results on Tuesday, August, 4th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.07. The company had revenue of $576.50 million for the quarter, compared to analysts' expectations of $567.66 million. Gates Industrial had a net margin of 2.47% and a return on equity of 6.38%. The company's revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS.
View Gates Industrial's earnings history
.

What price target have analysts set for GTES?

8 equities research analysts have issued 1 year price objectives for Gates Industrial's stock. Their forecasts range from $8.00 to $16.00. On average, they expect Gates Industrial's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
View analysts' price targets for Gates Industrial
.

Are investors shorting Gates Industrial?

Gates Industrial saw a decline in short interest during the month of September. As of September 30th, there was short interest totaling 311,200 shares, a decline of 37.9% from the September 15th total of 501,200 shares. Based on an average daily volume of 224,900 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company's shares are short sold.
View Gates Industrial's Short Interest
.

Who are some of Gates Industrial's key competitors?

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 The Boeing (BA).

Who are Gates Industrial's key executives?

Gates Industrial's management team includes the following people:
  • David L. Calhoun, Chairman of the Board (Age 60)
  • Ivo Jurek, Chief Executive Officer, Director (Age 53)
  • David H. Naemura, Chief Financial Officer (Age 48)
  • Walter T. Lifsey, Chief Operating Officer (Age 59)
  • Jamey S. Seely, Executive Vice President, General Counsel, Corporate Secretary (Age 46)
  • Roger C. Gaston, Executive Vice President of Human Resources (Age 61)
  • Gregory F. Kirchhoff, Senior Vice President - Corporate Controller (Age 59)
  • John C. Plant, Director (Age 64)
  • Julia C. Kahr, Independent Director (Age 39)
  • Terry A. Klebe, Independent Director (Age 62)

When did Gates Industrial IPO?

(GTES) raised $751 million in an 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 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.

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 a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.23%), Handelsinvest Investeringsforvaltning (0.08%) and Cacti Asset Management LLC (0.02%). Company insiders that own Gates Industrial stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski, Ivo Jurek, Jamey S Seely and Walter Lifsey.
View institutional ownership trends for Gates Industrial
.

Which major investors are buying Gates Industrial stock?

GTES stock was bought by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, Cacti Asset Management LLC, and Confluence Investment Management LLC. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski, Ivo Jurek, Jamey S Seely, and Walter Lifsey.
View insider buying and selling activity for Gates Industrial
.

How do I buy shares of Gates Industrial?

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

What is Gates Industrial's stock price today?

One share of GTES stock can currently be purchased for approximately $11.20.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $3.25 billion and generates $3.09 billion in revenue each year. The company earns $690.10 million in net income (profit) each year or $0.91 on an earnings per share basis. Gates Industrial employs 14,700 workers across the globe.

What is Gates Industrial's official website?

The official website for Gates Industrial is www.gates.com.

How can I contact Gates Industrial?

Gates Industrial's mailing address is 1144 FIFTEENTH STREET, DENVER CO, 80202. The company can be reached via phone at 303-744-1911 or via email at [email protected]

This page was last updated on 10/29/2020 by MarketBeat.com Staff

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