NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $17.30 -0.17 (-0.97%) (As of 10/8/2024 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$17.19▼$17.4750-Day Range$16.12▼$18.5952-Week Range$10.68▼$19.07Volume1.26 million shsAverage Volume3.03 million shsMarket Capitalization$4.52 billionP/E Ratio19.01Dividend YieldN/APrice Target$19.40Consensus 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… Musk’s new company could top a trillion? (Ad)The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840. Click here to see the details because there’s not much time to prepare. Gates Industrial Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks95th Percentile Overall ScoreGTES MarketRank™: Gates Industrial scored higher than 95% of companies evaluated by MarketBeat, and ranked 6th out of 104 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.3 / 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Gates Industrial's stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth18.55% Earnings GrowthEarnings 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 MarketThe P/E ratio of Gates Industrial is 19.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 19.01, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 24.94.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.29. 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 Shorted3.02% 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 2.2, 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 12.49%, 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 Shorted3.02% 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 2.2, 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 12.49%, indicating that investor sentiment is improving significantly. News and Social Media1.4 / 5News Sentiment0.54 News SentimentGates Industrial has a news sentiment score of 0.54. 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 0.67 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Gates Industrial this week, compared to 7 articles on an average week. Company Ownership3.3 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn 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 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 HeadlinesGates Industrial Announces Third-Quarter 2024 Earnings Release DateOctober 8 at 6:47 PM | prnewswire.comAllspring Global Investments Holdings, LLC Expands Stake in Gates Industrial Corp PLCOctober 7 at 4:03 PM | gurufocus.comThe Standard Oil of AI?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. 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Gates Industrial Corp PLC (NYSE:GTES) issued its 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 company earned $885.50 million during the quarter, compared to analyst estimates 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 approved a stock buyback program on Wednesday, July 31st 2024, which permits 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an initial public offering 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 shareholders of Gates Industrial include Handelsbanken Fonder AB (0.48%), Park Avenue Securities LLC (0.01%), SG Americas Securities LLC (0.01%) and GAMMA Investing LLC. 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), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG) and Novavax (NVAX). Company Calendar Last Earnings7/31/2024Today10/08/2024Next Earnings (Estimated)11/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction 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$19.40 High Stock Price Target$22.00 Low Stock Price Target$16.00 Potential Upside/Downside+12.5%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio18.96 Forward P/E Ratio13.91 P/E GrowthN/ANet Income$232.90 million Net Margins7.24% Pretax Margin9.45% Return on Equity10.27% Return on Assets5.03% Debt Debt-to-Equity Ratio0.68 Current Ratio3.11 Quick Ratio2.20 Sales & Book Value Annual Sales$3.48 billion Price / Sales1.29 Cash Flow$2.10 per share Price / Cash Flow8.22 Book Value$13.42 per share Price / Book1.29Miscellaneous Outstanding Shares261,380,000Free Float255,368,000Market Cap$4.51 billion OptionableOptionable Beta1.40 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? 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