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NYSE:GTES - Gates Industrial Stock Price, Forecast & News

$12.96
+0.31 (+2.45 %)
(As of 12/12/2019 02:50 PM ET)
Today's Range
$12.64
Now: $12.96
$13.03
50-Day Range
$9.91
MA: $11.48
$12.66
52-Week Range
$6.76
Now: $12.96
$17.60
Volume16,454 shs
Average Volume275,807 shs
Market Capitalization$3.68 billion
P/E Ratio10.13
Dividend YieldN/A
Beta2.13
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.

Industry, Sector and Symbol

Industry General industrial machinery & equipment
Sub-IndustryN/A
SectorConstruction
CUSIPN/A
Phone303-744-1911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.35 billion
Cash Flow$2.14 per share
Book Value$8.22 per share

Profitability

Net Income$245.30 million

Miscellaneous

Employees14,200
Market Cap$3.68 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableOptionable

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

What is Gates Industrial's stock symbol?

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

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) issued its earnings results on Tuesday, November, 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.06. The company earned $746.60 million during the quarter, compared to analysts' expectations of $747.15 million. Gates Industrial had a net margin of 23.67% and a return on equity of 11.38%. The firm's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. View Gates Industrial's Earnings History.

When is Gates Industrial's next earnings date?

Gates Industrial is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Gates Industrial.

What price target have analysts set for GTES?

6 brokerages have issued 12-month target prices for Gates Industrial's shares. Their forecasts range from $9.00 to $15.00. On average, they anticipate Gates Industrial's stock price to reach $12.67 in the next year. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for Gates Industrial.

What is the consensus analysts' recommendation for Gates Industrial?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gates Industrial.

Has Gates Industrial been receiving favorable news coverage?

Media headlines about GTES stock have trended very negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Gates Industrial earned a news sentiment score of -3.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Gates Industrial.

Are investors shorting Gates Industrial?

Gates Industrial saw a drop in short interest in November. As of November 15th, there was short interest totalling 2,480,000 shares, a drop of 12.4% from the October 31st total of 2,830,000 shares. Based on an average trading volume of 555,000 shares, the short-interest ratio is presently 4.5 days. Approximately 5.6% of the company's stock are sold short. View Gates Industrial's Current Options Chain.

Who are some of Gates Industrial's key competitors?

Some companies that are related to Gates Industrial include Zebra Technologies (ZBRA), Gardner Denver (GDI), IMI PLC/S (IMIAY), Rexnord (RXN), Graham (GHM) and Twin Disc (TWIN).

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 Alibaba Group (BABA), NVIDIA (NVDA), CVS Health (CVS), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), Apple Hospitality REIT (APLE), New Residential Investment (NRZ), Appian (APPN) and Illumina (ILMN).

Who are Gates Industrial's key executives?

Gates Industrial's management team includes the folowing 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 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 variety of of institutional and retail investors. Top institutional investors include State Street Corp (0.21%), Confluence Investment Management LLC (0.19%), Millennium Management LLC (0.07%), Handelsbanken Fonder AB (0.06%), Squarepoint Ops LLC (0.05%) and Handelsinvest Investeringsforvaltning (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 selling Gates Industrial stock?

GTES stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Handelsbanken Fonder AB, Handelsinvest Investeringsforvaltning and State of Alaska Department of Revenue. View Insider Buying and Selling for Gates Industrial.

Which major investors are buying Gates Industrial stock?

GTES stock was purchased by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, Confluence Investment Management LLC, Russell Investments Group Ltd., State Street Corp, Janney Montgomery Scott LLC, Tower Research Capital LLC TRC, California Public Employees Retirement System and Auxier Asset Management. 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 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 $13.00.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $3.69 billion and generates $3.35 billion in revenue each year. The company earns $245.30 million in net income (profit) each year or $1.28 on an earnings per share basis. Gates Industrial employs 14,200 workers across the globe.View Additional Information About Gates Industrial.

What is Gates Industrial's official website?

The official website for Gates Industrial is http://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]


MarketBeat Community Rating for Gates Industrial (NYSE GTES)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  140 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  322
MarketBeat's community ratings are surveys of what our community members think about Gates Industrial and other stocks. Vote "Outperform" if you believe GTES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GTES will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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