NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis → Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad) Free GTES Stock Alerts $17.58 -0.07 (-0.40%) (As of 05:17 PM ET) Add Compare Share Share Today's Range$17.40▼$17.6950-Day Range$16.18▼$17.8452-Week Range$10.68▼$17.99Volume2.35 million shsAverage Volume2.88 million shsMarket Capitalization$4.60 billionP/E Ratio19.32Dividend YieldN/APrice Target$18.88 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Gates Industrial alerts: Email Address Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside7.7% Upside$18.88 Price TargetShort InterestHealthy4.82% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.50Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth22.73%From $1.32 to $1.62 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.86 out of 5 starsConstruction Sector36th out of 99 stocksGeneral Industrial Machinery & Equipment Industry3rd out of 7 stocks 2.4 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Gates Industrial's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.82% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently increased by 7.50%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.94. Previous Next 2.5 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.74 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search InterestOnly 1 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows4 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Gates Industrial's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 22.73% in the coming year, from $1.32 to $1.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 19.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.30.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 19.25, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 23.45.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Gates Industrial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. About Gates Industrial Stock (NYSE:GTES)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.Read More GTES Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesMay 22 at 7:01 PM | prnewswire.comGATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029May 22 at 1:25 PM | msn.comGates Industrial announces intention to offer $500M of senior notesMay 22 at 8:24 AM | finance.yahoo.comGATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTESMay 22 at 8:10 AM | prnewswire.comGATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTESMay 16, 2024 | msn.comGateshead manufacturer Gate 7 to create 30 jobs with expansion into IndiaMay 16, 2024 | prnewswire.comGATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 17,500,000 ORDINARY SHARESMay 16, 2024 | msn.comMore retail, apartments on the way at the Gates of ProsperMay 16, 2024 | americanbankingnews.comGates Industrial Corp PLC (NYSE:GTES) Short Interest Up 7.5% in AprilMay 15, 2024 | yahoo.comMelinda French Gates to quit Gates FoundationMay 15, 2024 | abcnews.go.comMelinda French Gates resigns from Gates Foundation, gets $12.5 billion for philanthropyMay 14, 2024 | nytimes.comMelinda French Gates to Resign From Gates FoundationMay 14, 2024 | americanbankingnews.comGates Industrial Corp PLC (NYSE:GTES) Given Consensus Recommendation of "Moderate Buy" by BrokeragesMay 8, 2024 | theguardian.comE-gates back online after chaos at Heathrow and other UK airportsMay 8, 2024 | theguardian.comE-gates ‘back online’ after chaos at Heathrow and other UK airportsMay 7, 2024 | msn.comBill Gates-backed tech company seeks Chapter 11 bankruptcy saleMay 6, 2024 | markets.businessinsider.comBarclays Keeps Their Hold Rating on Gates Industrial (GTES)May 4, 2024 | finance.yahoo.comGates Industrial Corporation plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowMay 3, 2024 | reuters.comFact Check: Musk quote on imprisoning Gates stems from satireMay 3, 2024 | finance.yahoo.comGates Industrial First Quarter 2024 Earnings: EPS Misses ExpectationsMay 2, 2024 | markets.businessinsider.comRBC Capital Reaffirms Their Hold Rating on Gates Industrial (GTES)May 2, 2024 | markets.businessinsider.comIn-Depth Examination Of 10 Analyst Recommendations For Gates Industrial CorpMay 2, 2024 | finance.yahoo.comGates Industrial Corporation plc (NYSE:GTES) Q1 2024 Earnings Call TranscriptMay 2, 2024 | finance.yahoo.comQ1 2024 Gates Industrial Corporation PLC Earnings CallMay 2, 2024 | finance.yahoo.comGates Industrial Corp PLC (GTES) Q1 2024 Earnings Call Transcript Highlights: Strategic Moves ...May 2, 2024 | gurufocus.comQ1 2024 Gates Industrial Corporation PLC Earnings Call TranscriptSee More Headlines Receive GTES Stock 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. Email Address Company Calendar Last Earnings5/01/2024Today5/23/2024Next Earnings (Estimated)8/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry General industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees14,700Year FoundedN/APrice Target and Rating Average Stock Price Target$18.88 High Stock Price Target$26.00 Low Stock Price Target$14.00 Potential Upside/Downside+7.7%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio19.25 Forward P/E Ratio13.27 P/E GrowthN/ANet Income$232.90 million Net Margins6.97% Pretax Margin9.05% Return on Equity10.52% Return on Assets5.08% Debt Debt-to-Equity Ratio0.69 Current Ratio3.06 Quick Ratio2.15 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.28 Cash Flow$2.12 per share Price / Cash Flow8.25 Book Value$13.37 per share Price / Book1.31Miscellaneous Outstanding Shares261,380,000Free Float255,368,000Market Cap$4.58 billion OptionableOptionable Beta1.54 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesDavid L. Calhoun (Age 60)Chairman of the Board Ivo Jurek (Age 53)Chief Executive Officer, Director David H. Naemura (Age 48)Chief Financial Officer Walter T. Lifsey (Age 59)Chief Operating Officer Jamey S. Seely (Age 46)Executive Vice President, General Counsel, Corporate Secretary Roger C. Gaston (Age 61)Executive Vice President of Human Resources Gregory F. Kirchhoff (Age 59)Senior Vice President - Corporate Controller John C. Plant (Age 64)Director Julia C. Kahr (Age 39)Independent Director Terry A. Klebe (Age 62)Independent Director More ExecutivesKey CompetitorsDycom IndustriesNYSE:DYRayonierNYSE:RYNSkyline ChampionNYSE:SKYArmstrong World IndustriesNYSE:AWIArcosaNYSE:ACAView All CompetitorsInsiders & InstitutionsEMC Capital ManagementBought 11,458 shares on 5/20/2024Ownership: 0.004%KLCM Advisors Inc.Bought 400,732 shares on 5/17/2024Ownership: 0.412%Castleark Management LLCBought 155,910 shares on 5/17/2024Ownership: 0.060%Tidal Investments LLCBought 5,402 shares on 5/17/2024Ownership: 0.020%Jacobs Levy Equity Management Inc.Sold 13,010 shares on 5/16/2024Ownership: 0.017%View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions Should I buy or sell Gates Industrial stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gates Industrial in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GTES shares. View GTES analyst ratings or view top-rated stocks. What is Gates Industrial's stock price target for 2024? 7 Wall Street analysts have issued 1-year price targets for Gates Industrial's shares. Their GTES share price targets range from $14.00 to $26.00. On average, they expect the company's stock price to reach $18.88 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View analysts price targets for GTES or view top-rated stocks among Wall Street analysts. How have GTES shares performed in 2024? Gates Industrial's stock was trading at $13.42 at the beginning of the year. Since then, GTES stock has increased by 30.6% and is now trading at $17.52. View the best growth stocks for 2024 here. Are investors shorting Gates Industrial? Gates Industrial saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 9,030,000 shares, an increase of 7.5% from the April 15th total of 8,400,000 shares. Based on an average daily volume of 3,170,000 shares, the short-interest ratio is currently 2.8 days. Approximately 4.8% of the shares of the company are short sold. View Gates Industrial's Short Interest. When is Gates Industrial's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 2nd 2024. View our GTES earnings forecast. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Wednesday, May, 1st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $862.60 million for the quarter, compared to analyst estimates of $866 million. Gates Industrial had a trailing twelve-month return on equity of 10.52% and a net margin of 6.97%. What ETFs hold Gates Industrial's stock? ETFs with the largest weight of Gates Industrial (NYSE:GTES) stock in their portfolio include Adaptiv Select ETF (ADPV), Brandes U.S. Value ETF (BUSA), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Gotham 1000 Value ETF (GVLU) and Dimensional US Small Cap Value ETF (DFSV).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). What guidance has Gates Industrial issued on next quarter's earnings? Gates Industrial updated its FY24 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $1.28-1.43 for the period, compared to the consensus EPS estimate of $1.42. The company issued revenue guidance of (3%) to 1% to $3.46-3.61 billion, compared to the consensus revenue estimate of $3.57 billion. What is Ivo Jurek's approval rating as Gates Industrial's CEO? 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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? Gates Industrial (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 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 institutional and retail investors. Top institutional shareholders include Blackstone Inc. (27.55%), Vanguard Group Inc. (6.89%), Allspring Global Investments Holdings LLC (5.58%), Janus Henderson Group PLC (2.47%), LSV Asset Management (1.32%) and Paradice Investment Management LLC (0.71%). Insiders that own company stock include Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson, Ivo Jurek, Neil P Simpkins and Wilson S Neely. View institutional ownership trends. How do I buy shares of Gates Industrial? Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:GTES) was last updated on 5/23/2024 by MarketBeat.com Staff From Our Partners[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks Crypto 101 MediaThis could mean the end of the U.S dollar…Colonial MetalsElon to Transform U.S. Economy? Porter & CompanyExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersWrite this ticker symbol down…StocksToTrade**Breaking News** LIttle Known Biotech Company Does $41 Million In Q1! Huge AlertsMust-See: Elon’s New Invention is Absolutely InsaneInvestorPlaceNew Options need New Trading StrategiesNetpicks Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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