NYSE:GTES - Gates Industrial Stock Price, Price Target & More

Gates Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES."

Gates Industrial Corp PLC (NYSE:GTES) issued its earnings results on Wednesday, May, 2nd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.06. The firm earned $852 million during the quarter, compared to the consensus estimate of $815.95 million. View Gates Industrial's Earnings History.

Gates Industrial is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Gates Industrial.

8 brokers have issued 1-year price targets for Gates Industrial's stock. Their predictions range from $19.00 to $24.00. On average, they expect Gates Industrial's stock price to reach $22.00 in the next year. This suggests a possible upside of 41.9% from the stock's current price. View Analyst Ratings for Gates Industrial.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Gates Industrial include Zebra Technologies (ZBRA), Gardner Denver (GDI), IMI PLC/S (IMIAY), Rexnord (RXN), Twin Disc (TWIN) and Graham (GHM).

(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.

Gates Industrial's lock-up period expires on Tuesday, July 24th. Gates Industrial had issued 38,500,000 shares in its initial public offering on January 25th. The total size of the offering was $731,500,000 based on an initial share price of $19.00. After the end of Gates Industrial's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

News stories about GTES stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gates Industrial earned a daily sentiment score of 0.09 on Accern's scale. They also assigned headlines about the company an impact score of 46.07 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Gates Industrial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.42%), Confluence Investment Management LLC (0.08%) and Columbia Partners L L C Investment Management (0.03%). Company insiders that own Gates Industrial stock include Ivo Jurek and Jamey S Seely. View Institutional Ownership Trends for Gates Industrial.

GTES stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC and Columbia Partners L L C Investment Management. View Insider Buying and Selling for Gates Industrial.

GTES stock was purchased by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. Company insiders that have bought Gates Industrial stock in the last two years include Ivo Jurek and Jamey S Seely. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of GTES stock can currently be purchased for approximately $15.50.

Gates Industrial has a market capitalization of $4.37 billion and generates $3.04 billion in revenue each year. The company earns $151.30 million in net income (profit) each year or $0.82 on an earnings per share basis. Gates Industrial employs 14,200 workers across the globe.

Gates Industrial's mailing address is 1551 WEWATTA STREET, DENVER CO, 80202. The company can be reached via phone at 303-744-4876 or via email at [email protected]