Gates Industrial Corporation plc (GTES)

Market Cap	4.05B
Revenue (ttm)	3.54B
Net Income (ttm)	246.50M
Shares Out	261.38M
EPS (ttm)	0.90
PE Ratio	17.21
Forward PE	10.24
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,338,005
Open	15.49
Previous Close	15.47
Day's Range	15.44 - 15.58
52-Week Range	10.68 - 17.99
Beta	1.44
Analysts	Buy
Price Target	19.00 (+22.66%)
Earnings Date	Aug 2, 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

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 9 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is $19.0, which is an increase of 22.66% from the latest price.

Price Target

$19.0

(22.66% upside)

Analyst Consensus: Buy