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

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

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

Gates Industrial is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Gates Industrial.

Gates Industrial will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

6 brokerages have issued 12 month target prices for Gates Industrial's shares. Their forecasts range from $9.00 to $16.00. On average, they expect Gates Industrial's share price to reach $12.83 in the next twelve months. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets 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.

Media stories about GTES stock have been trending very negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Gates Industrial earned a news sentiment score of -3.6 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Gates Industrial.

Gates Industrial saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,170,000 shares, an increase of 23.3% from the December 15th total of 2,570,000 shares. Based on an average trading volume of 374,100 shares, the days-to-cover ratio is currently 8.5 days. Approximately 7.1% of the shares of the company are short sold. View Gates Industrial's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Appian (APPN), Illumina (ILMN), CVS Health (CVS), General Electric (GE), JD.Com (JD) and Netflix (NFLX).

(GTES) raised $751 million in an initial public offering (IPO) 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 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.

Gates Industrial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Brasada Capital Management LP (0.01%). 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.

GTES stock was bought by a variety of institutional investors in the last quarter, including Brasada Capital Management LP. 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.

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.

One share of GTES stock can currently be purchased for approximately $13.24.

Gates Industrial has a market capitalization of $3.84 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.

The official website for Gates Industrial is http://www.gates.com/.

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]