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

$9.68
+0.44 (+4.76 %)
(As of 10/15/2019 08:00 AM ET)
Today's Range
$9.14
Now: $9.68
$9.71
50-Day Range
$8.10
MA: $9.56
$10.58
52-Week Range
$6.76
Now: $9.68
$17.60
Volume291,600 shs
Average Volume466,023 shs
Market Capitalization$2.75 billion
P/E Ratio7.90
Dividend YieldN/A
Beta2.02
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.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.35 billion
Cash Flow$2.19 per share
Book Value$8.22 per share

Profitability

Net Income$245.30 million

Miscellaneous

Employees14,200
Market Cap$2.75 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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Gates Industrial (NYSE:GTES) Frequently Asked Questions

What is Gates Industrial's stock symbol?

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

How were Gates Industrial's earnings last quarter?

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

When is Gates Industrial's next earnings date?

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

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

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

What price target have analysts set for GTES?

7 brokers have issued 12 month target prices for Gates Industrial's shares. Their predictions range from $9.00 to $22.00. On average, they expect Gates Industrial's stock price to reach $13.36 in the next year. This suggests a possible upside of 38.0% from the stock's current price. View Analyst Price Targets for Gates Industrial.

What is the consensus analysts' recommendation 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.

Has Gates Industrial been receiving favorable news coverage?

Headlines about GTES stock have trended very negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of news 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 negative five to positive five, with scores nearest to five being the most favorable. Gates Industrial earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Gates Industrial.

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest during the month of 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 trading volume, of 616,200 shares, the short-interest ratio is currently 5.0 days. Currently, 6.9% of the company's shares are short sold. View Gates Industrial's Current Options Chain.

Who are some of Gates Industrial's key competitors?

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

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 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).

Who are Gates Industrial's key executives?

Gates Industrial's management team includes the folowing 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 IPO 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 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.

Who are Gates Industrial's major shareholders?

Gates Industrial's stock is owned by a number of of retail and institutional investors. Top institutional investors 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.

Which major investors are selling Gates Industrial stock?

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.

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 $9.68.

How big of a company is Gates Industrial?

Gates Industrial has a market capitalization of $2.75 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.

What is Gates Industrial's official website?

The official website for Gates Industrial is http://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]


MarketBeat Community Rating for Gates Industrial (NYSE GTES)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  126 (Vote Outperform)
Underperform Votes:  165 (Vote Underperform)
Total Votes:  291
MarketBeat's community ratings are surveys of what our community members think about Gates Industrial and other stocks. Vote "Outperform" if you believe GTES will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GTES will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/15/2019 by MarketBeat.com Staff

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