Gates Industrial Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gates Industrial stock.
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Gates Industrial saw a decrease in short interest in March. As of March 31st, there was short interest totaling 991,600 shares, a decrease of 27.6% from the March 15th total of 1,370,000 shares. Based on an average daily trading volume, of 831,100 shares, the short-interest ratio is presently 1.2 days. Currently, 1.5% of the shares of the company are sold short.
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Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Gates Industrial.

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings results on Sunday, February, 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.01. The business earned $794.30 million during the quarter, compared to the consensus estimate of $722.59 million. Gates Industrial had a net margin of 2.73% and a trailing twelve-month return on equity of 6.84%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS.
View Gates Industrial's earnings history.

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 (WHO). Since then, GTES shares have increased by 91.0% and is now trading at $16.77.
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Gates Industrial issued an update on its first quarter 2021 Pre-Market earnings guidance on Thursday, April, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $862.772-869.873 million, compared to the consensus revenue estimate of $830.97 million.

7 brokers have issued 12 month price objectives for Gates Industrial's shares. Their forecasts range from $15.00 to $22.00. On average, they expect Gates Industrial's share price to reach $19.00 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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108 employees have rated Gates Industrial CEO Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among Gates Industrial's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Gates Industrial include Rexnord (RXN), IMI (IMIAY), Graham (GHM), Twin Disc (TWIN), Greenland Technologies (GTEC) and Seychelle Environmental Technologies (SYEV).
View all of GTES's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and The Boeing (BA).

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

Gates Industrial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.24%), Handelsinvest Investeringsforvaltning (0.16%), Rothschild Investment Corp IL (0.01%) and Private Capital Group LLC (0.00%). 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 purchased by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, Rothschild Investment Corp IL, Confluence Investment Management LLC, and Private Capital Group 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.
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Shares of GTES can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GTES stock can currently be purchased for approximately $16.77.

Gates Industrial has a market capitalization of $4.87 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.

The official website for Gates Industrial is www.gates.com.

Gates Industrial is headquartered at 1144 FIFTEENTH STREET, DENVER CO, 80202.

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]