NYSE:GTES Gates Industrial - GTES Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. $13.89 +0.23 (+1.68%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$13.72▼$13.8950-Day Range$12.65▼$14.4152-Week Range$9.40▼$15.56Volume480,087 shsAverage Volume759,293 shsMarket Capitalization$3.92 billionP/E Ratio18.04Dividend YieldN/APrice Target$15.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Gates Industrial MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside8.0% Upside$15.00 Price TargetShort InterestBearish3.18% of Float Sold ShortDividend StrengthN/ASustainability-1.35Upright™ Environmental ScoreNews Sentiment0.33Based on 14 Articles This WeekInsider TradingN/AProj. Earnings Growth15.69%From $1.02 to $1.18 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.73 out of 5 starsConstruction Sector90th out of 106 stocksGeneral Industrial Machinery & Equipment Industry6th out of 6 stocks 2.2 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.00, Gates Industrial has a forecasted upside of 8.0% from its current price of $13.89.Amount of Analyst CoverageGates Industrial has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.18% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Gates Industrial has recently increased by 7.21%, indicating that investor sentiment is decreasing significantly. 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 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -8.11% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.35. Previous Next 1.8 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Gates Industrial this week, compared to 7 articles on an average week.Search InterestOnly 1 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 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 2.40% of the stock of Gates Industrial is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 15.69% in the coming year, from $1.02 to $1.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 18.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 18.04, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.86.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Gates Industrial (NYSE:GTES) StockGates 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 Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address GTES Stock News HeadlinesMarch 31, 2023 | marketwatch.comNon-commercial Gate Market Synopsis Research Report 2023March 30, 2023 | marketwatch.com2023-2029 Automotive Gate Driver ICs Market Size and Industrial Analysis with Key Developments | Latest Report by Absolute ReportsMarch 31, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 29, 2023 | marketwatch.comIndustrial Safety Gates Market 2023: Growing Opportunities by 2029March 28, 2023 | marketwatch.comMake Informed Decisions with Our Detailed Non-Commercial Gate Sales Market Analysis and Forecast [2023-2030]March 28, 2023 | marketwatch.comSmart Gate Market Increasing Growth and End Users in Forthcoming Years by 2023-2030March 28, 2023 | marketwatch.comGate Openerss Market Insight 2023: Driving Factors by ManufacturersMarch 27, 2023 | markets.businessinsider.comChina Industrial Profits Fall SharplyMarch 31, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 27, 2023 | marketwatch.comField Programmable Gate Array Market Trends for Future Success 2023-2028March 27, 2023 | marketwatch.comField Programmable Gate Array Market by 2031March 27, 2023 | finance.yahoo.comGates Industrial (NYSE:GTES) shareholders have earned a 21% CAGR over the last three yearsMarch 26, 2023 | marketwatch.comGlobal Baby Gates and Pet Gates Market: Future Expectation till 2023-2028March 25, 2023 | marketwatch.comGlobal Automatic Gate and Door Opening System Market to Grow from 2023-2026March 24, 2023 | marketwatch.comGlobal Solar Gate Opener Market Forecast| Insights, Analysis, and Opportunities 2023-2028March 24, 2023 | msn.comBill Gates predicts how artificial intelligence will evolveMarch 24, 2023 | marketwatch.comGate Driver IC Market Outlook and Forecast till 2030March 23, 2023 | bizjournals.comMeet the new leaders driving regional growth: Vonda Gates, Robertson CountyMarch 23, 2023 | msn.comIIT Delhi introduces MTech in Robotics; GATE score requiredMarch 22, 2023 | benzinga.comBill Gates Says Climate Change Threat 'Dire' But Opportunities 'Immense'March 22, 2023 | marketwatch.comField Programmable Gate Array Market Research Report 2023 Size, Share, Business Strategies Growth Forecast and Industry Statistics Until 2031March 22, 2023 | msn.comBill Gates says AI-powered ChatGPT as important as ‘PC, internet, mobile phones’March 22, 2023 | msn.comBill Gates says AI is set to transform healthcare and lays out the 2 main ways it could change the fieldMarch 22, 2023 | msn.comBill Gates: AI breakthroughs are the biggest tech advance since the graphical user interfaceMarch 22, 2023 | marketwatch.com2023-2028 Gate Valves Market: Growth Investments and Opportunities by Top PlayersMarch 22, 2023 | msn.comWhy Bill Gates Believes Generative AI Will Be 'Revolutionary'March 21, 2023 | marketwatch.comIndustrial Safety Gates Market Outlook: Predictions and Projections for 2028 And BeyondSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address GTES Company Calendar Last Earnings2/09/2023Today3/31/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry General industrial machinery & equipment Sub-IndustryN/A SectorConstruction Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees15,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.00 High Stock Price Forecast$18.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+8.0%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.77 Trailing P/E Ratio18.04 Forward P/E Ratio13.62 P/E GrowthN/ANet Income$220.80 million Net Margins6.21% Pretax Margin7.25% Return on Equity8.81% Return on Assets4.09% Debt Debt-to-Equity Ratio0.73 Current Ratio3.03 Quick Ratio2.15 Sales & Book Value Annual Sales$3.55 billion Price / Sales1.10 Cash Flow$1.87 per share Price / Cash Flow7.41 Book Value$12.20 per share Price / Book1.14Miscellaneous Outstanding Shares282,290,000Free Float275,511,000Market Cap$3.92 billion OptionableOptionable Beta1.53 Key ExecutivesDavid 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 More ExecutivesKey CompetitorsPotlatchDelticNASDAQ:PCHLouisiana-PacificNYSE:LPXTaylor Morrison HomeNYSE:TMHCFluorNYSE:FLRSkyline ChampionNYSE:SKYView All CompetitorsInstitutional OwnershipVoya Investment Management LLCBought 61,150 shares on 2/28/2023Ownership: 0.063%Macquarie Group Ltd.Sold 372,213 shares on 2/21/2023Ownership: 0.225%Truist Financial CorpSold 50,711 shares on 2/17/2023Ownership: 0.083%Point72 Middle East FZEBought 9,055 shares on 2/16/2023Ownership: 0.003%State of WyomingSold 2,862 shares on 2/16/2023Ownership: 0.003%View All Institutional Transactions GTES Stock - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 2023? 10 Wall Street research analysts have issued 1-year price objectives for Gates Industrial's stock. Their GTES share price forecasts range from $13.00 to $18.00. On average, they expect the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 8.0% 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 2023? Gates Industrial's stock was trading at $11.41 at the beginning of the year. Since then, GTES shares have increased by 21.7% and is now trading at $13.89. View the best growth stocks for 2023 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,270,000 shares, an increase of 7.2% from the February 28th total of 3,050,000 shares. Based on an average trading volume of 750,800 shares, the days-to-cover ratio is presently 4.4 days. Approximately 3.2% of the shares of the company are short sold. 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 Wednesday, May 3rd 2023. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Thursday, February, 9th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company earned $893.30 million during the quarter, compared to analysts' expectations of $863.96 million. Gates Industrial had a trailing twelve-month return on equity of 8.81% and a net margin of 6.21%. What ETFs hold Gates Industrial's stock? ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Invesco Russell 1000 Enhanced Equal Weight ETF (USEQ).iShares U.S. Industrials ETF (IYJ). What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial updated its first quarter 2023 earnings guidance on Friday, February, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $880.00 million-$910.00 million, compared to the consensus revenue estimate of $902.18 million. 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 $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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (3.39%), American Century Companies Inc. (2.44%), Cooke & Bieler LP (2.41%), Dimensional Fund Advisors LP (1.96%), Diamond Hill Capital Management Inc. (1.74%) and JPMorgan Chase & Co. (1.71%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc and Blackstone Inc. View institutional ownership trends. 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 $13.89. How much money does Gates Industrial make? Gates Industrial (NYSE:GTES) has a market capitalization of $3.92 billion and generates $3.55 billion in revenue each year. The company earns $220.80 million in net income (profit) each year or $0.77 on an earnings per share basis. How many employees does Gates Industrial have? The company employs 15,000 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 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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