NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $22.16 +0.04 (+0.18%) (As of 11/29/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Gates Industrial Stock (NYSE:GTES) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Gates Industrial alerts:Sign Up Key Stats Today's Range$22.10▼$22.2550-Day Range$17.28▼$22.2152-Week Range$11.22▼$22.43Volume775,395 shsAverage Volume3.21 million shsMarket Capitalization$5.64 billionP/E Ratio26.70Dividend YieldN/APrice Target$20.40Consensus RatingModerate Buy Company OverviewGates 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… Could This Tiny Device Help You Make an Extra $30k a Year? (Ad)I believe it’s going to power Elon Musk’s next AI revolution… A revolution he believes will be worth more than $9 trillion. That’s nearly 10 times more money than the market caps of Tesla… SpaceX… PayPal… Neuralink… and X… COMBINED.Click here to see the details because I believe a lot of people will get rich. Gates Industrial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks80th Percentile Overall ScoreGTES MarketRank™: Gates Industrial scored higher than 80% of companies evaluated by MarketBeat, and ranked 57th out of 181 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.3 / 5Analyst RatingModerate Buy Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has only been the subject of 3 research reports in the past 90 days.Read more about Gates Industrial's stock forecast and price target. Earnings and Valuation2.5 / 5Proj. Earnings Growth15.87% Earnings GrowthEarnings for Gates Industrial are expected to grow by 15.87% in the coming year, from $1.26 to $1.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 26.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 26.70, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.74.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.63. 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. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted3.59% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 22.11%, indicating that investor sentiment is improving significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Sustainability and ESG1.4 / 5Environmental Score-1.94 Percentage of Shares Shorted3.59% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 22.11%, indicating that investor sentiment is improving significantly. News and Social Media4.1 / 5News Sentiment1.39 News SentimentGates Industrial has a news sentiment score of 1.39. 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 higher news sentiment than the 0.81 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Gates Industrial this week, compared to 8 articles on an average week.Search Interest2 people have searched for GTES on MarketBeat in the last 30 days. MarketBeat Follows2 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. Company Ownership1.7 / 5Insider TradingN/A 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. 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 GTES Stock News HeadlinesKeyCorp Boosts Gates Industrial (NYSE:GTES) Price Target to $23.00November 23, 2024 | americanbankingnews.comGates Industrial (NYSE:GTES) Sets New 12-Month High on Analyst UpgradeNovember 23, 2024 | americanbankingnews.comMedia Is Mocking Elon, But Wait Until They See This DemoElon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.December 1, 2024 | Brownstone Research (Ad)Gates Foundation spent millions supporting Chinese military collaborators and the CCPNovember 21, 2024 | msn.comEvaluating Gates Industrial Corp: Insights From 4 Financial AnalystsNovember 21, 2024 | benzinga.comPay offer being considered by health unionsNovember 14, 2024 | msn.comStocks roar out of the gate after Donald Trump election winNovember 6, 2024 | msn.comAnalysts Have Conflicting Sentiments on These Industrial Goods Companies: Regal Rexnord (RRX) and Gates Industrial (GTES)November 6, 2024 | markets.businessinsider.comSee More Headlines GTES Stock Analysis - Frequently Asked Questions How have GTES shares performed this year? Gates Industrial's stock was trading at $13.42 at the beginning of the year. Since then, GTES stock has increased by 65.1% and is now trading at $22.16. View the best growth stocks for 2024 here. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) announced its quarterly earnings data on Sunday, November, 7th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. Gates Industrial's revenue for the quarter was up 21.1% on a year-over-year basis. Is Gates Industrial doing a stock buyback? Gates Industrial's board initiated a stock buyback program on Wednesday, July 31st 2024, which permits the company to buy back $250,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering (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 top institutional investors include Allspring Global Investments Holdings LLC (5.71%), FMR LLC (5.13%), State Street Corp (2.56%) and Janus Henderson Group PLC (2.55%). Insiders that own company stock include Neil P Simpkins, Ivo Jurek, Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson 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. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some other companies that Gates Industrial investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET). Company Calendar Last Earnings11/07/2021Today12/01/2024Fiscal Year End12/31/2024Next Earnings (Estimated)2/13/2025Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorIndustrial Products 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$20.40 High Stock Price Target$23.00 Low Stock Price Target$16.00 Potential Upside/Downside-7.9%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.83 Trailing P/E Ratio26.70 Forward P/E Ratio17.59 P/E GrowthN/ANet Income$232.90 million Net Margins6.43% Pretax Margin9.06% Return on Equity9.94% Return on Assets4.89% Debt Debt-to-Equity Ratio0.70 Current Ratio3.02 Quick Ratio2.11 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.58 Cash Flow$2.16 per share Price / Cash Flow10.25 Book Value$13.57 per share Price / Book1.63Miscellaneous Outstanding Shares254,720,000Free Float248,859,000Market Cap$5.64 billion OptionableOptionable Beta1.38 A Beginner's Guide to Investing in CannabisUnlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. 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