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NYSE:GTESGates Industrial Stock Price, Forecast & News

$10.49
+0.37 (+3.66 %)
(As of 05/27/2020 04:00 PM ET)
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Compare
Today's Range
$10.30
Now: $10.49
$10.67
50-Day Range
$6.16
MA: $8.25
$9.75
52-Week Range
$5.42
Now: $10.49
$14.30
Volume230,358 shs
Average Volume376,301 shs
Market Capitalization$3.04 billion
P/E Ratio27.61
Dividend YieldN/A
Beta2
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: 2.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.99 out of 5 stars


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$3.09 billion
Cash Flow$1.85 per share
Book Value$9.79 per share

Profitability

Net Income$690.10 million

Miscellaneous

Employees14,700
Market Cap$3.04 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

How has Gates Industrial's stock been impacted by COVID-19 (Coronavirus)?

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GTES shares have increased by 19.5% and is now trading at $10.49. View which stocks have been most impacted by Coronavirus.

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 4 hold ratings and 4 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, August 4th 2020. View our earnings forecast for Gates Industrial.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Tuesday, May, 5th. The company reported $0.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.05. The firm earned $710.10 million during the quarter, compared to analyst estimates of $711.28 million. Gates Industrial had a net margin of 3.74% and a return on equity of 8.44%. The firm's revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. View Gates Industrial's earnings history.

What price target have analysts set for GTES?

8 brokers have issued 1 year price targets for Gates Industrial's shares. Their forecasts range from $8.00 to $16.00. On average, they anticipate Gates Industrial's share price to reach $11.31 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View analysts' price targets for Gates Industrial.

Has Gates Industrial been receiving favorable news coverage?

Headlines about GTES stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gates Industrial earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutGates Industrial.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,540,000 shares, an increase of 5.8% from the April 15th total of 2,400,000 shares. Based on an average daily trading volume, of 382,000 shares, the short-interest ratio is presently 6.6 days. Currently, 5.8% of the company's stock are sold short. View Gates Industrial's Current Options Chain.

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 Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), B2Gold (BTG), Bristol-Myers Squibb (BMY), Intel (INTC), Kinder Morgan (KMI), Walt Disney (DIS) and Appian (APPN).

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 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.

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 number of retail and institutional investors. Top institutional shareholders include Blackstone Group Inc (84.72%), Janus Henderson Group PLC (2.91%), JPMorgan Chase & Co. (2.19%), BlackRock Inc. (0.69%), First Manhattan Co. (0.63%) and Invesco Ltd. (0.53%). 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 institutional investors are selling Gates Industrial stock?

GTES stock was sold by a variety of institutional investors in the last quarter, including First Manhattan Co., JPMorgan Chase & Co., Janus Henderson Group PLC, AQR Capital Management LLC, WINTON GROUP Ltd, Citigroup Inc., Morgan Stanley, and Stone Ridge Asset Management LLC. View insider buying and selling activity for Gates Industrial.

Which institutional investors are buying Gates Industrial stock?

GTES stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Blackstone Group Inc, Nuveen Asset Management LLC, AXA, Handelsbanken Fonder AB, Confluence Investment Management LLC, Deutsche Bank AG, and Alaska Permanent Fund Corp. 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 $10.49.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $3.04 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 5/27/2020 by MarketBeat.com Staff

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