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NYSE:GTESGates Industrial Stock Price, Forecast & News

$9.87
0.00 (0.00 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$9.72
Now: $9.87
$10.27
50-Day Range
$8.59
MA: $10.18
$11.41
52-Week Range
$5.42
Now: $9.87
$14.30
Volume165,412 shs
Average Volume255,395 shs
Market Capitalization$2.86 billion
P/E Ratio25.97
Dividend YieldN/A
Beta2.06
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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Gates Industrial logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.32 out of 5 stars


Industry, Sector and Symbol

Industry General industrial machinery & equipment
Sub-IndustryN/A
CUSIPN/A
Phone303-744-1911

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.09 billion
Cash Flow$1.68 per share
Book Value$10.38 per share

Profitability

Net Income$690.10 million

Miscellaneous

Employees14,700
Market Cap$2.86 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

How has Gates Industrial's stock been impacted by COVID-19 (Coronavirus)?

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GTES stock has increased by 12.4% and is now trading at $9.87. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Gates Industrial?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Gates Industrial.

When is Gates Industrial's next earnings date?

Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Gates Industrial.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) released its quarterly earnings data on Tuesday, May, 5th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.05. The business earned $710.10 million during the quarter, compared to analyst estimates of $711.28 million. Gates Industrial had a net margin of 3.74% and a return on equity of 8.44%. The firm's revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. View Gates Industrial's earnings history.

What price target have analysts set for GTES?

8 brokers have issued 12-month price targets for Gates Industrial's shares. Their forecasts range from $8.00 to $16.00. On average, they anticipate Gates Industrial's share price to reach $11.56 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Gates Industrial.

Has Gates Industrial been receiving favorable news coverage?

Headlines about GTES stock have been trending negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Gates Industrial earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Gates Industrial.

Are investors shorting Gates Industrial?

Gates Industrial saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,560,000 shares, a decrease of 17.0% from the June 15th total of 1,880,000 shares. Based on an average trading volume of 328,800 shares, the short-interest ratio is currently 4.7 days. Approximately 3.6% of the shares of the stock are short sold. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), B2Gold (BTG), Bristol-Myers Squibb (BMY), Intel (INTC), Kinder Morgan (KMI), Walt Disney (DIS) and Appian (APPN).

Who are Gates Industrial's key executives?

Gates Industrial's management team includes the following 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.

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 a number of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.23%) and Cacti Asset Management LLC (0.01%). 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 institutional investors are buying Gates Industrial stock?

GTES stock was acquired by a variety of institutional investors in the last quarter, including Cacti Asset Management LLC, and Confluence Investment Management LLC. 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 activity 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 $9.87.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $2.86 billion and generates $3.09 billion in revenue each year. The company earns $690.10 million in net income (profit) each year or $0.91 on an earnings per share basis. Gates Industrial employs 14,700 workers across the globe.

What is Gates Industrial's official website?

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

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]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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