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

$8.29
-0.31 (-3.60 %)
(As of 08/25/2019 04:00 PM ET)
Today's Range
$8.29
Now: $8.29
$8.62
50-Day Range
$7.65
MA: $9.82
$11.27
52-Week Range
$6.76
Now: $8.29
$20.29
Volume579,453 shs
Average Volume972,537 shs
Market Capitalization$2.35 billion
P/E Ratio6.48
Dividend YieldN/A
Beta1.89
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$2.0170 per share
Book Value$10.50 per share

Profitability

Net Income$245.30 million

Miscellaneous

Employees14,200
Market Cap$2.35 billion
Next Earnings Date11/7/2019 (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) released its quarterly earnings data on Tuesday, August, 6th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.01. The firm earned $809.90 million during the quarter, compared to analysts' expectations of $846.93 million. Gates Industrial had a net margin of 23.82% and a return on equity of 13.03%. The firm's revenue for the quarter was down 7.5% compared to the same quarter last year. 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 Thursday, November 7th 2019. View Earnings Estimates for Gates Industrial.

What guidance has Gates Industrial issued on next quarter's earnings?

Gates Industrial updated its FY 2019 earnings guidance on Tuesday, August, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.113268-3.18022 billion, compared to the consensus revenue estimate of $3.3 billion.

What price target have analysts set for GTES?

6 brokers have issued 12-month target prices for Gates Industrial's shares. Their predictions range from $9.00 to $22.00. On average, they expect Gates Industrial's stock price to reach $14.3333 in the next year. This suggests a possible upside of 72.9% from the stock's current price. 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 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Gates Industrial.

Has Gates Industrial been receiving favorable news coverage?

News coverage about GTES stock has trended positive on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Gates Industrial earned a news impact score of 2.5 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near future. View News Stories for Gates Industrial.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,386,400 shares, an increase of 8.9% from the June 15th total of 2,191,400 shares. Based on an average daily volume of 568,500 shares, the short-interest ratio is presently 4.2 days. Approximately 5.3% of the shares of the stock are short sold. 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 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), Micron Technology (MU), CAPSTEAD MTG CO/SH (CMO), CVS Health (CVS), Freeport-McMoRan (FCX), General Electric (GE), Advanced Micro Devices (AMD), FireEye (FEYE), Immunomedics (IMMU) and NVIDIA (NVDA).

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 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 a variety of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (2.68%), Janus Henderson Group PLC (2.68%), JPMorgan Chase & Co. (2.07%), Vanguard Group Inc. (1.47%), First Manhattan Co. (0.97%) and BlackRock Inc. (0.78%). 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 Invesco Ltd., Point72 Asset Management L.P., Stone Ridge Asset Management LLC, Bank of New York Mellon Corp, A.R.T. Advisors LLC, Parametric Portfolio Associates LLC, Janus Henderson Group PLC and Janus Henderson Group PLC. View Insider Buying and Selling for Gates Industrial.

Which major investors are buying Gates Industrial stock?

GTES stock was acquired by a variety of institutional investors in the last quarter, including First Manhattan Co., JPMorgan Chase & Co., Sapience Investments LLC, Prudential Financial Inc., Marshall Wace LLP, Morgan Stanley, Citadel Advisors LLC and BlackRock Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Gates Industrial's stock price today?

One share of GTES stock can currently be purchased for approximately $8.29.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $2.35 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:  119 (Vote Outperform)
Underperform Votes:  153 (Vote Underperform)
Total Votes:  272
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 8/25/2019 by MarketBeat.com Staff

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