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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
NYSE:GTES

Gates Industrial (GTES) Stock Price, News & Analysis

$17.27
-0.07 (-0.40%)
(As of 04/17/2024 ET)
Today's Range
$17.13
$17.53
50-Day Range
$12.53
$17.74
52-Week Range
$10.68
$17.86
Volume
1.68 million shs
Average Volume
2.88 million shs
Market Capitalization
$4.56 billion
P/E Ratio
20.32
Dividend Yield
N/A
Price Target
$18.00

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.2% Upside
$18.00 Price Target
Short Interest
Healthy
4.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.27mentions of Gates Industrial in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$292.28 M Sold Last Quarter
Proj. Earnings Growth
18.94%
From $1.32 to $1.57 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.

3.80 out of 5 stars

Construction Sector

34th out of 99 stocks

General Industrial Machinery & Equipment Industry

2nd out of 9 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

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Evaluating Gates Industrial Corp: Insights From 9 Financial Analysts
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Gates Industrial (NYSE:GTES) Price Target Raised to $20.00
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/17/2024
Next Earnings (Confirmed)
5/01/2024
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
$18.00
High Stock Price Target
$21.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+4.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 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
$4.56 billion
Optionable
Optionable
Beta
1.57
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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?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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?

6 analysts have issued 12 month target prices for Gates Industrial's stock. Their GTES share price targets range from $14.00 to $21.00. On average, they anticipate the company's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 4.2% 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 beginning of the year. Since then, GTES stock has increased by 28.7% and is now trading at $17.27.
View the best growth stocks for 2024 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,780,000 shares, an increase of 7.3% from the March 15th total of 7,250,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 4.1% 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 Wednesday, May 1st 2024.
View our GTES earnings forecast
.

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

Gates Industrial will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5772067".

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Thursday, February, 8th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. The company had revenue of $863.30 million for the quarter, compared to the consensus estimate of $892.40 million. Gates Industrial had a trailing twelve-month return on equity of 10.14% and a net margin of 6.52%.

What ETF holds Gates Industrial's stock?

Invesco FTSE RAFI US 1500 Small-Mid ETF holds 281,427 shares of GTES stock, representing 0.21% 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 Saturday, March, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $860.0 million-$875.0 million, compared to the consensus revenue estimate of $867.3 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?

Gates Industrial (GTES) raised $751 million in an initial public offering 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 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 many different retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.61%), Alaska Permanent Fund Corp (0.06%) and Hennion & Walsh Asset Management Inc. (0.01%). 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 4/17/2024 by MarketBeat.com Staff

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