NYSE:GTES

Gates Industrial Stock Forecast, Price & News

$16.24
-0.42 (-2.52 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$15.89
$16.55
50-Day Range
$16.07
$18.62
52-Week Range
$10.58
$18.94
Volume2.58 million shs
Average Volume901,709 shs
Market Capitalization$4.71 billion
P/E Ratio20.82
Dividend YieldN/A
Beta1.81
30 days | 90 days | 365 days | Advanced Chart
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Gates Industrial logo

About Gates Industrial

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.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.89 out of 5 stars

Construction Sector

94th out of 137 stocks

General Industrial Machinery & Equipment Industry

7th out of 9 stocks

Analyst Opinion: 3.4Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Gates Industrial (NYSE:GTES) Frequently Asked Questions

Is Gates Industrial a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Gates Industrial stock.
View analyst ratings for Gates Industrial
or view top-rated stocks.

What stocks does MarketBeat like better than Gates Industrial?

Wall Street analysts have given Gates Industrial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Gates Industrial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Gates Industrial?

Gates Industrial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 955,300 shares, a decrease of 48.4% from the August 15th total of 1,850,000 shares. Based on an average daily trading volume, of 944,100 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company's shares are short sold.
View Gates Industrial's Short Interest
.

When is Gates Industrial's next earnings date?

Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Gates Industrial
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings results on Sunday, August, 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $915.10 million for the quarter, compared to analyst estimates of $907.86 million. Gates Industrial had a trailing twelve-month return on equity of 11.21% and a net margin of 6.98%. Gates Industrial's quarterly revenue was up 58.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS.
View Gates Industrial's earnings history
.

How has Gates Industrial's stock price been impacted by COVID-19 (Coronavirus)?

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. Since then, GTES stock has increased by 85.0% and is now trading at $16.24.
View which stocks have been most impacted by COVID-19
.

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

Gates Industrial issued an update on its FY 2021 earnings guidance on Monday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.39 billion-$3.45 billion, compared to the consensus revenue estimate of $3.46 billion.

What price target have analysts set for GTES?

9 Wall Street analysts have issued 12-month price targets for Gates Industrial's stock. Their forecasts range from $15.00 to $26.00. On average, they expect Gates Industrial's stock price to reach $21.33 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
View analysts' price targets for Gates Industrial
or view top-rated stocks among Wall Street analysts.

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)

What is Ivo Jurek's approval rating as Gates Industrial's CEO?

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.

Who are some of Gates Industrial's key 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), Bristol-Myers Squibb (BMY), B2Gold (BTG), Novavax (NVAX), Intel (INTC), Pure Storage (PSTG) and The Boeing (BA).

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 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.

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 many different institutional and retail investors. Top institutional investors include Blackstone Inc (76.21%), Wells Fargo & Company MN (1.92%), JPMorgan Chase & Co. (1.68%), Vanguard Group Inc. (1.49%), Cooke & Bieler LP (1.42%) and Lazard Asset Management LLC (1.16%). Company insiders that own Gates Industrial stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Blackstone Inc and Ivo Jurek.
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 Blackstone Inc, Neuberger Berman Group LLC, BlackRock Inc., Prudential Financial Inc., SG Americas Securities LLC, New York State Common Retirement Fund, Bank of New York Mellon Corp, and Kennedy Capital Management Inc.. Company insiders that have sold Gates Industrial company stock in the last year include Aggregator (Cayman) LP Omaha, and Blackstone Inc.
View insider buying and selling activity for Gates Industrial
or view top insider-selling stocks.

Which major investors are buying Gates Industrial stock?

GTES stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Jennison Associates LLC, Principal Financial Group Inc., Confluence Investment Management LLC, Lazard Asset Management LLC, Marshall Wace North America L.P., Wells Fargo & Company MN, and Dimensional Fund Advisors LP. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, and Ivo Jurek.
View insider buying and selling activity for Gates Industrial
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gates Industrial's stock price today?

One share of GTES stock can currently be purchased for approximately $16.24.

How much money does Gates Industrial make?

Gates Industrial has a market capitalization of $4.71 billion and generates $2.79 billion in revenue each year. The company earns $79.40 million in net income (profit) each year or $0.70 on an earnings per share basis.

How many employees does Gates Industrial have?

Gates Industrial employs 14,300 workers across the globe.

What is Gates Industrial's official website?

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

Where are Gates Industrial's headquarters?

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

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 9/19/2021 by MarketBeat.com Staff
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