Gates Industrial Corporation plc (GTES)

Market Cap	5.19B
Revenue (ttm)	3.44B
Net Income (ttm)	221.20M
Shares Out	254.72M
EPS (ttm)	0.83
PE Ratio	24.53
Forward PE	13.37
Dividend	n/a
Ex-Dividend Date	n/a

Volume	4,027,205
Open	20.10
Previous Close	20.23
Day's Range	20.10 - 20.78
52-Week Range	12.41 - 23.34
Beta	1.37
Analysts	Buy
Price Target	22.80 (+11.87%)
Earnings Date	Feb 6, 2025

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 $3.57 billion, an increase of 0.45% compared to the previous year's $3.55 billion. Earnings were $232.90 million, an increase of 5.48%.

Analyst Forecast

According to 10 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is $22.8, which is an increase of 11.87% from the latest price.

Price Target

$22.8

(11.87% upside)

Analyst Consensus: Buy