Gates Industrial (GTES) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $18.08 to $18.40
• 50-Day Range: $16.32 to $18.20
• 52-Week Range: $10.68 to $19.07
• Volume: 2.24 million shs
• Average Volume: 2.98 million shs
• Market Capitalization: $4.79 billion
• P/E Ratio: 19.51
• Dividend Yield: N/A
• Price Target: $19.40
• Consensus Rating: Moderate Buy

Gates Industrial Stock Analysis - MarketRank™

Gates Industrial scored higher than 85% of companies evaluated by MarketBeat, and ranked 32nd out of 102 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Gates 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 Coverage

Gates Industrial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.55%

Earnings Growth

Earnings for Gates Industrial are expected to grow by 18.55% in the coming year, from $1.24 to $1.47 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Gates Industrial is 19.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gates Industrial is 19.51, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 30.13.

Price to Book Value per Share Ratio

Gates Industrial has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.37% of the float of Gates Industrial has been sold short.

Short Interest Ratio / Days to Cover

Gates Industrial has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gates Industrial has recently increased by 11.70%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Gates Industrial does not currently pay a dividend.

Dividend Growth

Gates Industrial does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.4 / 5
• Environmental Score: -1.94

Percentage of Shares Shorted

3.37% of the float of Gates Industrial has been sold short.

Short Interest Ratio / Days to Cover

Gates Industrial has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gates Industrial has recently increased by 11.70%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.50

News Sentiment

Gates 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 0.63 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Gates Industrial this week, compared to 7 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Gates Industrial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $200,794.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Gates Industrial is held by insiders.

Percentage Held by Institutions

98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GTES Stock Analysis - Frequently Asked Questions

How have GTES shares performed this year?

Gates Industrial's stock was trading at $13.42 on January 1st, 2024. Since then, GTES stock has increased by 36.7% and is now trading at $18.34.
View the best growth stocks for 2024 here.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) posted its quarterly earnings results on Wednesday, July, 31st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm earned $885.50 million during the quarter, compared to the consensus estimate of $893 million. Gates Industrial had a net margin of 7.24% and a trailing twelve-month return on equity of 10.27%.

Is Gates Industrial doing a stock buyback?

Gates Industrial's Board of Directors initiated a stock repurchase plan on Wednesday, July 31st 2024, which authorizes the company to repurchase $250,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership 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?

Top institutional investors of Gates Industrial include Handelsbanken Fonder AB (0.48%), Wedge Capital Management L L P NC (0.07%), Exchange Traded Concepts LLC (0.03%) and CWM LLC (0.02%). 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 Earnings: 7/31/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/30/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: General industrial machinery & equipment
• Sub-Industry: N/A
• Current Symbol: NYSE:GTES
• CUSIP: N/A
• CIK: 1718512
• Web: www.gates.com
• Phone: 303-744-1911
• Fax: N/A
• Employees: 14,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $19.40
• High Stock Price Target: $22.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +5.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.91
• Trailing P/E Ratio: 19.51
• Forward P/E Ratio: 14.79
• P/E Growth: N/A
• Net Income: $232.90 million
• Net Margins: 7.24%
• Pretax Margin: 9.45%
• Return on Equity: 10.27%
• Return on Assets: 5.03%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 3.11
• Quick Ratio: 2.20

Sales & Book Value

• Annual Sales: $3.48 billion
• Price / Sales: 1.38
• Cash Flow: $2.28 per share
• Price / Cash Flow: 8.06
• Book Value: $13.42 per share
• Price / Book: 1.37

Miscellaneous

• Outstanding Shares: 261,380,000
• Free Float: 255,596,000
• Market Cap: $4.79 billion
• Optionable: Optionable
• Beta: 1.40