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.
Industry, Sector and Symbol
Industry General industrial machinery & equipment
Sub-IndustryN/A
SectorConstruction
Phone303-744-1911
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.35 billion
Profitability
Miscellaneous
Employees14,200
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
Gates Industrial (NYSE:GTES) Frequently Asked Questions
What is Gates Industrial's stock symbol?
Gates Industrial trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES."
How were Gates Industrial's earnings last quarter?
Gates Industrial Corp PLC (NYSE:GTES) posted its earnings results on Tuesday, August, 6th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.01. The business earned $809.90 million during the quarter, compared to analysts' expectations of $846.93 million. Gates Industrial had a net margin of 23.82% and a return on equity of 13.03%. Gates Industrial's revenue was down 7.5% compared to the same quarter last year. View Gates Industrial's Earnings History.
When is Gates Industrial's next earnings date?
What guidance has Gates Industrial issued on next quarter's earnings?
Gates Industrial issued an update on its FY 2019 earnings guidance on Tuesday, August, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.113268-3.18022 billion, compared to the consensus revenue estimate of $3.3 billion.
What price target have analysts set for GTES?
6 Wall Street analysts have issued 1 year price targets for Gates Industrial's stock. Their forecasts range from $9.00 to $22.00. On average, they expect Gates Industrial's stock price to reach $14.3333 in the next twelve months. This suggests a possible upside of 40.5% from the stock's current price. View Analyst Price Targets for Gates Industrial.
What is the consensus analysts' recommendation for Gates Industrial?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Gates Industrial.
Has Gates Industrial been receiving favorable news coverage?
Media stories about GTES stock have trended negative on Saturday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Gates Industrial earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Gates Industrial.
Are investors shorting Gates Industrial?
Gates Industrial saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,877,800 shares, an increase of 15.1% from the July 31st total of 2,500,200 shares. Based on an average daily volume of 770,100 shares, the days-to-cover ratio is presently 3.7 days. Approximately 6.4% of the shares of the stock are sold short. View Gates Industrial's Current Options Chain.
Who are some of Gates Industrial's key competitors?
What other stocks do shareholders of Gates Industrial own?
Who are Gates Industrial's key executives?
Gates Industrial's management team includes the folowing 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 initial public offering (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 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.
Who are Gates Industrial's major shareholders?
Gates Industrial's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (2.68%), Janus Henderson Group PLC (2.68%), JPMorgan Chase & Co. (2.07%), Vanguard Group Inc. (1.47%), First Manhattan Co. (0.97%) and BlackRock Inc. (0.78%). 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 Invesco Ltd., Point72 Asset Management L.P., Stone Ridge Asset Management LLC, Bank of New York Mellon Corp, A.R.T. Advisors LLC, Parametric Portfolio Associates LLC, Janus Henderson Group PLC and Janus Henderson Group PLC. View Insider Buying and Selling for Gates Industrial.
Which major investors are buying Gates Industrial stock?
GTES stock was purchased by a variety of institutional investors in the last quarter, including First Manhattan Co., JPMorgan Chase & Co., Sapience Investments LLC, Prudential Financial Inc., Marshall Wace LLP, Morgan Stanley, Citadel Advisors LLC and BlackRock Inc.. 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 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 $10.20.
How big of a company is Gates Industrial?
Gates Industrial has a market capitalization of $2.90 billion and generates $3.35 billion in revenue each year. The company earns $245.30 million in net income (profit) each year or $1.28 on an earnings per share basis. Gates Industrial employs 14,200 workers across the globe.View Additional Information About Gates Industrial.
What is Gates Industrial's official website?
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]
MarketBeat Community Rating for Gates Industrial (NYSE GTES)
MarketBeat's community ratings are surveys of what our community members think about Gates Industrial and other stocks. Vote "Outperform" if you believe GTES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GTES will underperform the S&P 500 over the long term. You may vote once every thirty days.
