Gates Industrial Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gates Industrial stock.
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Gates Industrial saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,470,000 shares, an increase of 28.9% from the May 31st total of 1,140,000 shares. Based on an average trading volume of 558,300 shares, the short-interest ratio is presently 2.6 days. Approximately 2.1% of the company's shares are sold short.
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Gates Industrial is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Gates Industrial.

Gates Industrial will be holding an earnings conference call on Monday, August 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode "7168523".

Gates Industrial Corp PLC (NYSE:GTES) posted its quarterly earnings data on Sunday, May, 9th. The company reported $0.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.31 by $0.02. The company earned $881.30 million during the quarter, compared to analyst estimates of $830.97 million. Gates Industrial had a trailing twelve-month return on equity of 7.88% and a net margin of 3.75%. The company's revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS.
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Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GTES shares have increased by 106.3% and is now trading at $18.11.
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Gates Industrial updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $3.34 billion-3.42 billion, compared to the consensus revenue estimate of $3.29 billion.

9 brokers have issued 12-month price objectives for Gates Industrial's stock. Their forecasts range from $15.00 to $26.00. On average, they anticipate Gates Industrial's stock price to reach $21.00 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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108 employees have rated Gates Industrial CEO Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among Gates Industrial's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Gates Industrial include Ingersoll Rand (IR), Rexnord (RXN), IMI (IMIAY), Twin Disc (TWIN), Graham (GHM), Greenland Technologies (GTEC) and Seychelle Environmental Technologies (SYEV).
View all of GTES's competitors.

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 The Boeing (BA).

(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.

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

Gates Industrial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.42%), Monarch Partners Asset Management LLC (0.21%), Alliancebernstein L.P. (0.02%), Oliver Luxxe Assets LLC (0.01%), Rothschild Investment Corp IL (0.01%) and Dupont Capital Management Corp (0.01%). Company insiders that own Gates Industrial stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski and Ivo Jurek.
View institutional ownership trends for Gates Industrial.

GTES stock was sold by a variety of institutional investors in the last quarter, including Cutler Group LP, and Rothschild Investment Corp IL.
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GTES stock was acquired by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, Monarch Partners Asset Management LLC, Alliancebernstein L.P., Seelaus Asset Management LLC, Dupont Capital Management Corp, and Oliver Luxxe Assets LLC. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Grant Gawronski, and Ivo Jurek.
View insider buying and selling activity for Gates Industrial or or view top insider-buying stocks.

Shares of GTES 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.
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One share of GTES stock can currently be purchased for approximately $18.11.

Gates Industrial has a market capitalization of $5.25 billion and generates $2.79 billion in revenue each year. The company earns $79.40 million in net income (profit) each year or $0.70 on an earnings per share basis.

Gates Industrial employs 14,300 workers across the globe.

The official website for Gates Industrial is www.gates.com.

Gates Industrial is headquartered at 1144 FIFTEENTH STREET, DENVER CO, 80202.

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]