Gates Industrial Corporation plc (GTES)

Market Cap	5.37B
Revenue (ttm)	3.43B
Net Income (ttm)	190.10M
Shares Out	254.72M
EPS (ttm)	0.71
PE Ratio	29.41
Forward PE	13.69
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,528,293
Open	21.25
Previous Close	21.28
Day's Range	20.86 - 21.29
52-Week Range	11.22 - 21.54
Beta	1.39
Analysts	Buy
Price Target	20.30 (-3.75%)
Earnings Date	Oct 30, 2024

About GTES

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive...

• Industry: Specialty Industrial Machinery
• Sector: Industrials
• IPO Date: Jan 25, 2018
• Employees: 14,700
• Stock Exchange: NYSE
• Ticker Symbol: GTES
• Website: https://www.gates.com

Financial Performance

In 2023, GTES's revenue was $3.56 billion, an increase of 0.14% compared to the previous year's $3.55 billion. Earnings were $201.80 million, a decrease of -0.74%.

Analyst Forecast

According to 10 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is $20.3, which is a decrease of -3.75% from the latest price.

Price Target

$20.3

(-3.75% downside)

Analyst Consensus: Buy