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NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

$14.64
+0.30 (+2.09%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$14.44
$14.90
50-Day Range
$12.42
$14.65
52-Week Range
$10.68
$14.93
Volume
2.52 million shs
Average Volume
2.47 million shs
Market Capitalization
$3.87 billion
P/E Ratio
17.22
Dividend Yield
N/A
Price Target
$16.21

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.8% Upside
$16.21 Price Target
Short Interest
Healthy
2.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.59mentions of Gates Industrial in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$292.28 M Sold Last Quarter
Proj. Earnings Growth
N/A

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.

3.45 out of 5 stars

Construction Sector

51st out of 103 stocks

General Industrial Machinery & Equipment Industry

4th out of 8 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

Gates Industrial Corp Insider Trades SendAa Signal
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Keybanc Upgrades Gates Industrial (GTES)
KeyCorp Upgrades Gates Industrial (NYSE:GTES) to "Overweight"
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
GTES Aug 2024 20.000 call
Gates Industrial Announces Secondary Offering Of 17.5 Mln Shares
See More Headlines
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Company Calendar

Last Earnings
11/07/2021
Today
2/26/2024
Next Earnings (Estimated)
5/02/2024
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
$16.21
High Stock Price Target
$19.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$232.90 million
Pretax Margin
7.99%

Debt

Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.16 per share
Book Value
$13.42 per share

Miscellaneous

Free Float
258,193,000
Market Cap
$3.87 billion
Optionable
Optionable
Beta
1.54
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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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

3 Wall Street analysts have issued 12 month target prices for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $19.00. On average, they predict the company's stock price to reach $16.21 in the next year. This suggests a possible upside of 10.8% 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 shares have increased by 9.1% and is now trading at $14.64.
View the best growth stocks for 2024 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 4,310,000 shares, an increase of 59.0% from the January 15th total of 2,710,000 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.6% of the company's shares 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 Thursday, May 2nd 2024.
View our GTES earnings forecast
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings data on Sunday, November, 7th. The company reported $0.31 earnings per share for the quarter, meeting analysts' consensus estimates of $0.31. The company had revenue of $862.40 million for the quarter, compared to analysts' expectations of $855.45 million. Gates Industrial had a trailing twelve-month return on equity of 10.14% and a net margin of 6.52%. The company's quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS.

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 first quarter 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $840.0 million-$880.0 million, compared to the consensus revenue estimate of $889.9 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 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 shareholders include Blackstone Inc. (36.43%), Vanguard Group Inc. (5.80%), Allspring Global Investments Holdings LLC (4.66%), Dimensional Fund Advisors LP (3.68%), Cooke & Bieler LP (3.09%) and Fiduciary Management Inc. WI (2.66%). 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 2/26/2024 by MarketBeat.com Staff