Gates Industrial Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Gates Industrial stock.
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Gates Industrial saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 955,300 shares, a decrease of 48.4% from the August 15th total of 1,850,000 shares. Based on an average daily trading volume, of 944,100 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company's shares are short sold.
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Gates Industrial is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Gates Industrial.

Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings results on Sunday, August, 8th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $915.10 million for the quarter, compared to analyst estimates of $907.86 million. Gates Industrial had a trailing twelve-month return on equity of 11.21% and a net margin of 6.98%. Gates Industrial's quarterly revenue was up 58.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS.
View Gates Industrial's earnings history.

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GTES stock has increased by 85.0% and is now trading at $16.24.
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Gates Industrial issued an update on its FY 2021 earnings guidance on Monday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.39 billion-$3.45 billion, compared to the consensus revenue estimate of $3.46 billion.

9 Wall Street analysts have issued 12-month price targets for Gates Industrial's stock. Their forecasts range from $15.00 to $26.00. On average, they expect Gates Industrial's stock price to reach $21.33 in the next year. This suggests a possible upside of 31.4% 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 Rexnord (RXN), IMI (IMIAY), Twin Disc (TWIN), Graham (GHM), Greenland Technologies (GTEC) and Seychelle Environmental Technologies (SYEV).
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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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTES."

Gates Industrial's stock is owned by many different institutional and retail investors. Top institutional investors include Blackstone Inc (76.21%), Wells Fargo & Company MN (1.92%), JPMorgan Chase & Co. (1.68%), Vanguard Group Inc. (1.49%), Cooke & Bieler LP (1.42%) and Lazard Asset Management LLC (1.16%). Company insiders that own Gates Industrial stock include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, Blackstone Inc 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 Blackstone Inc, Neuberger Berman Group LLC, BlackRock Inc., Prudential Financial Inc., SG Americas Securities LLC, New York State Common Retirement Fund, Bank of New York Mellon Corp, and Kennedy Capital Management Inc.. Company insiders that have sold Gates Industrial company stock in the last year include Aggregator (Cayman) LP Omaha, and Blackstone Inc.
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GTES stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Jennison Associates LLC, Principal Financial Group Inc., Confluence Investment Management LLC, Lazard Asset Management LLC, Marshall Wace North America L.P., Wells Fargo & Company MN, and Dimensional Fund Advisors LP. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, and Ivo Jurek.
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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 $16.24.

Gates Industrial has a market capitalization of $4.71 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].