Gates Industrial Stock Price, News & Analysis (NYSE:GTES)

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

Gates Industrial Corp PLC (NYSE:GTES) issued its quarterly earnings data on Tuesday, August, 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.27 by $0.01. The firm had revenue of $809.90 million for the quarter, compared to analyst estimates of $846.93 million. Gates Industrial had a net margin of 23.82% and a return on equity of 13.03%. The business's quarterly revenue was down 7.5% compared to the same quarter last year. View Gates Industrial's Earnings History.

Gates Industrial is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Gates Industrial.

Gates Industrial issued an update on its FY 2019 earnings guidance on Tuesday, August, 6th. The company provided EPS 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.

7 brokerages have issued 1 year target prices for Gates Industrial's shares. Their predictions range from $9.00 to $22.00. On average, they anticipate Gates Industrial's share price to reach $13.36 in the next year. This suggests a possible upside of 37.3% from the stock's current price. View Analyst Price Targets for Gates Industrial.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gates Industrial.

Media coverage about GTES stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Gates Industrial earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Gates Industrial.

Gates Industrial saw a increase in short interest in September. As of September 30th, there was short interest totalling 3,060,000 shares, an increase of 7.4% from the August 30th total of 2,850,000 shares. Based on an average daily volume of 616,200 shares, the days-to-cover ratio is currently 5.0 days. Approximately 6.9% of the company's shares are sold short. View Gates Industrial's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Gates Industrial investors own include Alibaba Group (BABA), Micron Technology (MU), CAPSTEAD MTG CO/SH (CMO), CVS Health (CVS), Freeport-McMoRan (FCX), General Electric (GE), Advanced Micro Devices (AMD), FireEye (FEYE), Immunomedics (IMMU) and NVIDIA (NVDA).

(GTES) raised $751 million in an initial public offering on Thursday, January 25th 2018. The company issued 38,500,000 shares at $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's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.00%). 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.

GTES stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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, Robinhood, Fidelity and Charles Schwab.

One share of GTES stock can currently be purchased for approximately $9.73.

Gates Industrial has a market capitalization of $2.76 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.

The official website for Gates Industrial is http://www.gates.com/.

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]