NYSE:GTESGates Industrial Stock Price, Forecast & News

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. Since then, GTES stock has increased by 12.4% and is now trading at $9.87. View which stocks have been most impacted by Coronavirus.

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.

Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Gates Industrial.

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings results on Tuesday, May, 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. The business earned $710.10 million during the quarter, compared to analysts' expectations of $711.28 million. Gates Industrial had a return on equity of 8.44% and a net margin of 3.74%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. View Gates Industrial's earnings history.

8 equities research analysts have issued 1-year price objectives for Gates Industrial's shares. Their forecasts range from $8.00 to $16.00. On average, they anticipate Gates Industrial's stock price to reach $11.56 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Gates Industrial.

Media stories about GTES stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Gates Industrial earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Gates Industrial.

Gates Industrial saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,880,000 shares, a decline of 10.9% from the May 31st total of 2,110,000 shares. Based on an average daily volume of 385,300 shares, the days-to-cover ratio is presently 4.9 days. Approximately 4.3% of the shares of the company are short sold. View Gates Industrial's Current Options Chain.

Some companies that are related to Gates Industrial include Gardner Denver (GDI), Rexnord (RXN), IMI PLC/S (IMIAY), Graham (GHM), Twin Disc (TWIN) and China Cable and Communication (GTEC). View all competitors.

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).

(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 (0.23%) and Cacti Asset Management LLC (0.01%). 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 bought by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, 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 activity 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 $9.87.

Gates Industrial has a market capitalization of $2.86 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'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]