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) released its earnings results on Tuesday, February, 4th. The company reported $0.19 EPS for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.01. The business had revenue of $725.70 million for the quarter, compared to analysts' expectations of $720 million. Gates Industrial had a return on equity of 9.02% and a net margin of 22.35%. The firm's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. View Gates Industrial's Earnings History.

Gates Industrial is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Gates Industrial.

Gates Industrial issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.125-3.22 billion, compared to the consensus revenue estimate of $3.1 billion.

6 analysts have issued 12 month target prices for Gates Industrial's stock. Their forecasts range from $9.00 to $16.00. On average, they expect Gates Industrial's share price to reach $13.17 in the next year. This suggests a possible upside of 12.0% from the stock's current price. 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.

News articles about GTES stock have trended somewhat positive on Monday, InfoTrie reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 2.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Gates Industrial.

Gates Industrial saw a increase in short interest in January. As of January 15th, there was short interest totalling 3,170,000 shares, an increase of 23.3% from the December 31st total of 2,570,000 shares. Based on an average daily trading volume, of 351,300 shares, the short-interest ratio is currently 9.0 days. Approximately 7.1% of the shares of the company are sold short. 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), Advanced Micro Devices (AMD), Micron Technology (MU), Appian (APPN), Netflix (NFLX), CVS Health (CVS), Enterprise Products Partners (EPD), General Electric (GE) and Illumina (ILMN).

(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 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.

Gates Industrial's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (3.05%), Prudential Financial Inc. (0.73%), Penn Capital Management Co. Inc. (0.23%), State Street Corp (0.20%), Geode Capital Management LLC (0.20%) and Confluence Investment Management LLC (0.19%). 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 sold by a variety of institutional investors in the last quarter, including Penn Capital Management Co. Inc., Bank of America Corp DE, Trexquant Investment LP, State Street Corp, Rhumbline Advisers, Credit Suisse AG, Tower Research Capital LLC TRC and Bank of Montreal Can. View Insider Buying and Selling for Gates Industrial.

GTES stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., California Public Employees Retirement System, Barclays PLC, Handelsbanken Fonder AB, Brasada Capital Management LP, Citigroup Inc., Aigen Investment Management LP and Confluence Investment Management LLC. 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 $11.76.

Gates Industrial has a market capitalization of $3.41 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 14,200 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]