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: $20.10 to $20.78
• 50-Day Range: $17.58 to $22.93
• 52-Week Range: $12.40 to $23.34
• Volume: 5.02 million shs
• Average Volume: 3.05 million shs
• Market Capitalization: $5.19 billion
• P/E Ratio: 24.55
• Dividend Yield: N/A
• Price Target: $22.80
• Consensus Rating: Moderate Buy

Gates Industrial Stock Analysis - MarketRank™

Gates Industrial scored higher than 90% of companies evaluated by MarketBeat, and ranked 26th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Gates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Gates Industrial has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 15.87%

Earnings Growth

Earnings 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 Market

The P/E ratio of Gates Industrial is 24.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gates Industrial is 24.55, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Gates Industrial has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.12% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gates Industrial has recently decreased by 13.45%, indicating that investor sentiment is improving 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

3.12% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Gates Industrial has recently decreased by 13.45%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.19

News Sentiment

Gates Industrial has a news sentiment score of 1.19. 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 0.72 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Gates Industrial this week, compared to 8 articles on an average week.

Search Interest

Only 2 people have searched for GTES on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Gates Industrial insiders have not sold or bought any 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 at the beginning of 2024. Since then, GTES stock has increased by 51.9% and is now trading at $20.38.
View the best growth stocks for 2024 here.

How were Gates Industrial's earnings last quarter?

Gates Industrial Corp PLC (NYSE:GTES) released its earnings results on Sunday, November, 7th. The company reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The firm's revenue for the quarter was up 21.1% compared to the same quarter last year.

Is Gates Industrial doing a stock buyback?

Gates Industrial's Board of Directors initiated a stock repurchase program 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 reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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 a price of $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 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 Earnings: 11/07/2021
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• 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: $22.80
• High Stock Price Target: $27.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +11.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.83
• Trailing P/E Ratio: 24.55
• Forward P/E Ratio: 16.17
• P/E Growth: N/A
• Net Income: $232.90 million
• Net Margins: 6.43%
• Pretax Margin: 9.06%
• Return on Equity: 9.94%
• Return on Assets: 4.89%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 3.02
• Quick Ratio: 2.11

Sales & Book Value

• Annual Sales: $3.44 billion
• Price / Sales: 1.51
• Cash Flow: $1.98 per share
• Price / Cash Flow: 10.28
• Book Value: $13.42 per share
• Price / Book: 1.52

Miscellaneous

• Outstanding Shares: 254,718,000
• Free Float: 248,859,000
• Market Cap: $5.19 billion
• Optionable: Optionable
• Beta: 1.38