S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:GTES

Gates Industrial Stock Forecast, Price & News

$16.32
+0.08 (+0.49%)
(As of 12/3/2021 12:00 AM ET)
Add
Compare
Today's Range
$16.04
$16.42
50-Day Range
$15.78
$18.17
52-Week Range
$12.34
$18.94
Volume
504,395 shs
Average Volume
752,276 shs
Market Capitalization
$4.73 billion
P/E Ratio
18.76
Dividend Yield
N/A
Beta
1.71
30 days | 90 days | 365 days | Advanced Chart
Receive GTES News and Ratings via Email

Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter.


Gates Industrial logo

About Gates Industrial

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.

Headlines

2 Value Stocks with Strong Growth Potential
November 30, 2021 |  stocknews.com
See More Headlines

Industry, Sector and Symbol

Industry
General industrial machinery & equipment
Sub-Industry
N/A
Fax
N/A
Employees
14,300
Year Founded
N/A

Sales & Book Value

Annual Sales
$2.79 billion
Cash Flow
$1.46 per share
Book Value
$11.72 per share

Profitability

Net Income
$79.40 million
Pretax Margin
10.21%

Debt

Price-To-Earnings

Miscellaneous

Free Float
287,915,000
Market Cap
$4.73 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/07/2021
Today
12/04/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/14/2022

MarketRank

Overall MarketRank

1.85 out of 5 stars

Construction Sector

94th out of 136 stocks

General Industrial Machinery & Equipment Industry

6th out of 10 stocks

Analyst Opinion: 3.4Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Gates Industrial (NYSE:GTES) Frequently Asked Questions

Is Gates Industrial a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Gates Industrial stock.
View analyst ratings for Gates Industrial
or view top-rated stocks.

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

Gates Industrial's stock was trading at $8.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GTES stock has increased by 85.9% and is now trading at $16.32.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 985,100 shares, an increase of 22.8% from the October 31st total of 802,500 shares. Based on an average daily trading volume, of 862,600 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.0% of the company's shares are short sold.
View Gates Industrial's Short Interest
.

When is Gates Industrial's next earnings date?

Gates Industrial is scheduled to release its next quarterly earnings announcement on Monday, February 14th 2022.
View our earnings forecast for Gates Industrial
.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) issued its quarterly earnings data on Sunday, November, 7th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.31. The company earned $862.40 million during the quarter, compared to analysts' expectations of $855.45 million. Gates Industrial had a net margin of 7.49% and a trailing twelve-month return on equity of 11.32%. Gates Industrial's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share.
View Gates Industrial's earnings history
.

What guidance has Gates Industrial issued on next quarter's earnings?

Gates Industrial issued an update on its FY 2021 earnings guidance on Monday, November, 29th. 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 $3.49 billion.

What price target have analysts set for GTES?

8 Wall Street analysts have issued twelve-month target prices for Gates Industrial's stock. Their forecasts range from $19.00 to $26.00. On average, they expect Gates Industrial's stock price to reach $22.00 in the next year. This suggests a possible upside of 34.8% from the stock's current price.
View analysts' price targets for Gates Industrial
or view top-rated stocks among Wall Street analysts.

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)

What is Ivo Jurek's approval rating as Gates Industrial's CEO?

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.

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 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 Boeing (BA).

When did Gates Industrial IPO?

(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.

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 institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (2.72%), American Century Companies Inc. (1.63%), Cooke & Bieler LP (1.52%), BlackRock Inc. (1.23%), Paradice Investment Management LLC (0.91%) and Jennison Associates LLC (0.88%). 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
.

Which institutional investors are selling Gates Industrial stock?

GTES stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Two Sigma Advisers LP, Two Sigma Investments LP, Renaissance Technologies LLC, SG Americas Securities LLC, Barclays PLC, New York State Common Retirement Fund, and Advisor Resource Council. Company insiders that have sold Gates Industrial company stock in the last year include Aggregator (Cayman) LP Omaha, and Blackstone Inc.
View insider buying and selling activity for Gates Industrial
or view top insider-selling stocks.

Which institutional investors are buying Gates Industrial stock?

GTES stock was purchased by a variety of institutional investors in the last quarter, including Paradice Investment Management LLC, American Century Companies Inc., Advisory Research Inc., Jennison Associates LLC, Clark Capital Management Group Inc., Islet Management LP, Invesco Ltd., and Geode Capital Management LLC. Company insiders that have bought Gates Industrial stock in the last two years include Aggregator (Cayman) LP Omaha, Blackstone Group Inc, and Ivo Jurek.
View insider buying and selling activity for Gates Industrial
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Gates Industrial's stock price today?

One share of GTES stock can currently be purchased for approximately $16.32.

How much money does Gates Industrial make?

Gates Industrial has a market capitalization of $4.73 billion and generates $2.79 billion in revenue each year. The company earns $79.40 million in net income (profit) each year or $0.87 on an earnings per share basis.

How many employees does Gates Industrial have?

Gates Industrial employs 14,300 workers across the globe.

What is Gates Industrial's official website?

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

Where are Gates Industrial's headquarters?

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

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 12/4/2021 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected]eat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.