NYSE:GTES Gates Industrial Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Gates Industrial Corp PLC Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $10.91 -0.06 (-0.55 %) (As of 09/22/2020 02:25 PM ET) Add Compare Share Today's Range$10.88Now: $10.91▼$11.1350-Day Range$10.54MA: $11.63▼$12.2352-Week Range$5.42Now: $10.91▼$14.30Volume8,746 shsAverage Volume320,007 shsMarket Capitalization$3.17 billionP/E Ratio47.44Dividend YieldN/ABeta1.99 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.50, Gates Industrial has a forecasted upside of 14.8% from its current price of $10.89.Amount of Analyst CoverageGates Industrial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesGates Industrial has received 177 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGates Industrial has received 226 “underperform” votes. (Add your “underperform” vote.)Community SentimentGates Industrial has received 56.08% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.76% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions99.96% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 65.91% in the coming year, from $0.44 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 47.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 47.35, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 28.02.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.68 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry General industrial machinery & equipment Sub-IndustryN/A SectorConstruction Current SymbolNYSE:GTES Previous Symbol CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911Debt Debt-to-Equity Ratio1.10 Current Ratio3.11 Quick Ratio2.32Price-To-Earnings Trailing P/E Ratio47.44 Forward P/E Ratio24.80 P/E GrowthN/A Sales & Book Value Annual Sales$3.09 billion Price / Sales1.03 Cash Flow$1.61 per share Price / Cash Flow6.78 Book Value$10.38 per share Price / Book1.05Profitability EPS (Most Recent Fiscal Year)$0.91 Net Income$690.10 million Net Margins2.47% Return on Equity6.38% Return on Assets2.55%Miscellaneous Employees14,700 Outstanding Shares290,120,000Market Cap$3.17 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $10.91 -0.06 (-0.55 %) (As of 09/22/2020 02:25 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive GTES News and Ratings via Email Sign-up to receive the latest news and ratings for GTES and its competitors with MarketBeat's FREE daily newsletter. Gates Industrial (NYSE:GTES) Frequently Asked Questions How has Gates Industrial's stock price been impacted by Coronavirus (COVID-19)? Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GTES stock has increased by 24.3% and is now trading at $10.91. View which stocks have been most impacted by COVID-19. 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 3 hold ratings and 5 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, November 3rd 2020. View our earnings forecast for Gates Industrial. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) posted its quarterly earnings results on Tuesday, August, 4th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.07. The business earned $576.50 million during the quarter, compared to analysts' expectations of $567.66 million. Gates Industrial had a net margin of 2.47% and a return on equity of 6.38%. Gates Industrial's revenue was down 28.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. View Gates Industrial's earnings history. What price target have analysts set for GTES? 8 analysts have issued twelve-month target prices for Gates Industrial's stock. Their forecasts range from $8.00 to $16.00. On average, they expect Gates Industrial's share price to reach $12.50 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View analysts' price targets for Gates Industrial. Are investors shorting Gates Industrial? Gates Industrial saw a decline in short interest in August. As of August 31st, there was short interest totaling 520,000 shares, a decline of 31.9% from the August 15th total of 764,000 shares. Based on an average daily trading volume, of 241,900 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.2% of the shares of the company are short sold. View Gates Industrial's Short Interest. 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), Twin Disc (TWIN) and China Cable and Communication (GTEC). View all 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 NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), B2Gold (BTG), Bristol-Myers Squibb (BMY), Novavax (NVAX), Intel (INTC), Kinder Morgan (KMI) and Zynga (ZNGA). 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 (IPO) on Thursday, January 25th 2018. The company issued 38,500,000 shares at $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 institutional and retail investors. Top institutional investors include Blackstone Group Inc (84.93%), Vanguard Group Inc. (1.37%), Neuberger Berman Group LLC (0.70%), Prudential Financial Inc. (0.54%), Nuveen Asset Management LLC (0.25%) and Confluence Investment Management LLC (0.23%). 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 Cooke & Bieler LP, Prudential Financial Inc., Vanguard Group Inc., UBS Group AG, AQR Capital Management LLC, Bank of America Corp DE, Alps Advisors Inc., and Advisory Services Network 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 Blackstone Group Inc, Handelsbanken Fonder AB, Nuveen Asset Management LLC, Neuberger Berman Group LLC, Strs Ohio, Russell Investments Group Ltd., Goldman Sachs Group Inc., and New York State Common Retirement Fund. 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 $10.91. How big of a company is Gates Industrial? Gates Industrial has a market capitalization of $3.17 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 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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