Gates Industrial (NYSE:GTES - Get Free Report) is anticipated to post its Q4 2024 quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Gates Industrial to post earnings of $0.33 per share and revenue of $833.32 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Gates Industrial (NYSE:GTES - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. Gates Industrial had a net margin of 5.72% and a return on equity of 9.65%.
Gates Industrial Trading Down 2.8 %
Shares of NYSE:GTES traded down $0.66 during mid-day trading on Friday, hitting $22.56. The stock had a trading volume of 4,024,451 shares, compared to its average volume of 2,175,522. Gates Industrial has a 12-month low of $12.40 and a 12-month high of $23.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.11 and a current ratio of 3.02. The company has a market cap of $5.75 billion, a PE ratio of 30.90 and a beta of 1.37. The company's 50 day moving average is $21.02 and its 200-day moving average is $19.31.
Analysts Set New Price Targets
A number of equities research analysts have commented on GTES shares. Royal Bank of Canada raised their price objective on Gates Industrial from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Friday. Jefferies Financial Group boosted their price objective on Gates Industrial from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Citigroup reduced their target price on shares of Gates Industrial from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, January 13th. KeyCorp upped their target price on shares of Gates Industrial from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Barclays raised shares of Gates Industrial from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $21.00 to $25.00 in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.
Check Out Our Latest Stock Report on GTES
About Gates Industrial
(
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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.
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