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NYSE:GTES

Gates Industrial - GTES Stock Forecast, Price & News

$9.76
-0.16 (-1.61%)
(As of 09/30/2022 05:20 PM ET)
Add
Compare
Today's Range
$9.76
$10.10
50-Day Range
$9.75
$12.65
52-Week Range
$9.63
$18.18
Volume
547,767 shs
Average Volume
804,258 shs
Market Capitalization
$2.76 billion
P/E Ratio
13.37
Dividend Yield
N/A
Price Target
$13.94

Gates Industrial MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
41.8% Upside
$13.94 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.33
Upright™ Environmental Score
News Sentiment
0.10mentions of Gates Industrial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.88%
From $1.03 to $1.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Construction Sector

93rd out of 106 stocks

General Industrial Machinery & Equipment Industry

8th out of 8 stocks

GTES stock logo

About Gates Industrial (NYSE:GTES) Stock

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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GTES Stock News Headlines

Is Gates Industrial (GTES) Suitable for Value Investors Now?
Francesca d’Arcangeli Joins Kingsley Gate Partners as COO
Gates hits two-year low as stocks fall for fifth day
See More Headlines
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GTES Company Calendar

Last Earnings
8/05/2022
Today
9/30/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
15,050
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.94
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+42.8%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$297.10 million
Pretax Margin
7.02%

Debt

Sales & Book Value

Annual Sales
$3.47 billion
Cash Flow
$2.09 per share
Book Value
$12.00 per share

Miscellaneous

Free Float
275,511,000
Market Cap
$2.76 billion
Optionable
Optionable
Beta
1.62

Key Executives

  • David L. Calhoun (Age 60)
    Chairman of the Board
  • Ivo Jurek (Age 53)
    Chief Executive Officer, Director
  • David H. Naemura (Age 48)
    Chief Financial Officer
  • Walter T. Lifsey (Age 59)
    Chief Operating Officer
  • Jamey S. Seely (Age 46)
    Executive Vice President, General Counsel, Corporate Secretary
  • Roger C. Gaston (Age 61)
    Executive Vice President of Human Resources
  • Gregory F. Kirchhoff (Age 59)
    Senior Vice President - Corporate Controller
  • John C. Plant (Age 64)
    Director
  • Julia C. Kahr (Age 39)
    Independent Director
  • Terry A. Klebe (Age 62)
    Independent Director













GTES Stock - Frequently Asked Questions

Should I buy or sell Gates Industrial stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GTES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTES, but not buy additional shares or sell existing shares.
View GTES analyst ratings
or view top-rated stocks.

What is Gates Industrial's stock price forecast for 2022?

8 analysts have issued 12-month target prices for Gates Industrial's shares. Their GTES share price forecasts range from $13.00 to $15.00. On average, they expect the company's stock price to reach $13.94 in the next year. This suggests a possible upside of 40.4% from the stock's current price.
View analysts price targets for GTES
or view top-rated stocks among Wall Street analysts.

How have GTES shares performed in 2022?

Gates Industrial's stock was trading at $15.91 at the beginning of 2022. Since then, GTES stock has decreased by 37.6% and is now trading at $9.93.
View the best growth stocks for 2022 here
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,170,000 shares, an increase of 13.6% from the August 15th total of 1,910,000 shares. Based on an average daily trading volume, of 622,700 shares, the days-to-cover ratio is currently 3.5 days. Approximately 2.0% of the company's shares are sold short.
View Gates Industrial's Short Interest
.

When is Gates Industrial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our GTES earnings forecast
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) issued its earnings results on Friday, August, 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.11. The firm had revenue of $906.80 million for the quarter, compared to the consensus estimate of $918.39 million. Gates Industrial had a net margin of 6.24% and a trailing twelve-month return on equity of 9.79%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share.

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

Gates Industrial issued an update on its FY 2022 earnings guidance on Friday, September, 2nd. The company provided EPS guidance of $1.15-$1.25 for the period, compared to the consensus EPS estimate of $1.21. The company issued revenue guidance of $3.60 billion-$3.70 billion, compared to the consensus revenue estimate of $3.60 billion.

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

108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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."

How do I buy shares of Gates Industrial?

Shares of GTES stock 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 $9.93.

How much money does Gates Industrial make?

Gates Industrial (NYSE:GTES) has a market capitalization of $2.80 billion and generates $3.47 billion in revenue each year. The company earns $297.10 million in net income (profit) each year or $0.73 on an earnings per share basis.

How many employees does Gates Industrial have?

The company employs 15,050 workers across the globe.

How can I contact Gates Industrial?

Gates Industrial's mailing address is 1144 FIFTEENTH STREET, DENVER CO, 80202. The official website for the company is www.gates.com. The company can be reached via phone at 303-744-1911 or via email at investorrelations@gates.com.

This page (NYSE:GTES) was last updated on 9/30/2022 by MarketBeat.com Staff

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