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Gates Industrial (GTES) Stock Price, News & Analysis

-0.18 (-1.02%)
(As of 04:00 PM ET)
Today's Range
50-Day Range
52-Week Range
2.64 million shs
Average Volume
2.86 million shs
Market Capitalization
$4.57 billion
P/E Ratio
Dividend Yield
Price Target

Gates Industrial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
6.8% Upside
$18.88 Price Target
Short Interest
5.13% of Float Sold Short
Dividend Strength
Upright™ Environmental Score
News Sentiment
0.58mentions of Gates Industrial in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$328.64 M Sold Last Quarter
Proj. Earnings Growth
From $1.32 to $1.62 Per Share

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.

3.67 out of 5 stars

Construction Sector

40th out of 100 stocks

General Industrial Machinery & Equipment Industry

5th out of 8 stocks

GTES stock logo

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.

GTES Stock Price History

GTES Stock News Headlines

Barclays Keeps Their Hold Rating on Gates Industrial (GTES)
See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

General industrial machinery & equipment
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
7 Analysts


Net Income
$232.90 million
Pretax Margin


Sales & Book Value

Annual Sales
$3.57 billion
Cash Flow
$2.16 per share
Book Value
$13.42 per share


Free Float
Market Cap
$4.62 billion
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Key Executives

  • David 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)
  • Julia C. Kahr (Age 39)
    Independent Director
  • Terry A. Klebe (Age 62)
    Independent Director

GTES Stock Analysis - Frequently Asked Questions

Should I buy or sell Gates Industrial stock right now?

7 Wall Street equities research 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 equities research 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 brokers have issued 12-month target prices for Gates Industrial's shares. Their GTES share price targets range from $14.00 to $26.00. On average, they expect the company's share price to reach $18.88 in the next year. This suggests a possible upside of 6.8% 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 31.7% and is now trading at $17.67.
View the best growth stocks for 2024 here

Are investors shorting Gates Industrial?

Gates Industrial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,640,000 shares, an increase of 6.8% from the April 30th total of 9,030,000 shares. Based on an average daily volume of 3,090,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 5.1% of the shares of the company are sold short.
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) released its quarterly earnings results on Wednesday, May, 1st. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm earned $862.60 million during the quarter, compared to the consensus estimate of $866 million. Gates Industrial had a trailing twelve-month return on equity of 10.52% and a net margin of 6.97%.

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

Gates Industrial issued an update on 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 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 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 variety of retail and institutional 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 5/28/2024 by Staff

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