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NYSE:GTES

Gates Industrial Stock Forecast, Price & News

$11.05
+0.08 (+0.73 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$10.87
Now: $11.05
$11.15
50-Day Range
$10.87
MA: $11.64
$12.23
52-Week Range
$5.42
Now: $11.05
$14.30
Volume188,290 shs
Average Volume319,286 shs
Market Capitalization$3.21 billion
P/E Ratio48.05
Dividend YieldN/A
Beta1.99
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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Beat the Market (BTM) Rank

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

Industry General industrial machinery & equipment
Sub-IndustryN/A
CUSIPN/A
Phone303-744-1911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.63 per share
Book Value$10.38 per share

Profitability

Net Income$690.10 million

Miscellaneous

Employees14,700
Market Cap$3.21 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$11.05
+0.08 (+0.73 %)
(As of 09/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

How has Gates Industrial's stock been impacted by Coronavirus?

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GTES shares have increased by 25.9% and is now trading at $11.05.
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 earnings results on Tuesday, August, 4th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate 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 return on equity of 6.38% and a net margin of 2.47%. The firm's revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS.
View Gates Industrial's earnings history
.

What price target have analysts set for GTES?

8 brokerages have issued 12 month price targets for Gates Industrial's stock. Their forecasts range from $8.00 to $16.00. On average, they expect Gates Industrial's stock price to reach $12.50 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
View analysts' price targets for Gates Industrial
.

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 520,000 shares, a decrease of 31.9% from the August 15th total of 764,000 shares. Based on an average daily trading volume, of 241,900 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the company's stock are sold short.
View Gates Industrial's Short Interest
.

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 Boeing (BA).

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 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.

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 variety of retail and institutional investors. Top institutional shareholders 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 major 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 major investors are buying Gates Industrial stock?

GTES stock was acquired 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 $11.05.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $3.21 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 9/23/2020 by MarketBeat.com Staff

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