Gates Industrial Corporation plc (GTES)

NYSE: GTES · IEX Real-Time Price · USD
17.44
+0.02 (0.11%)
Apr 12, 2024, 4:00 PM EDT - Market closed
0.11%
Market Cap 4.61B
Revenue (ttm) 3.57B
Net Income (ttm) 232.90M
Shares Out 264.27M
EPS (ttm) 0.84
PE Ratio 20.76
Forward PE 12.15
Dividend n/a
Ex-Dividend Date n/a
Volume 2,615,920
Open 17.36
Previous Close 17.42
Day's Range 17.30 - 17.56
52-Week Range 10.68 - 17.86
Beta 1.57
Analysts Buy
Price Target 17.91 (+2.7%)
Earnings Date May 1, 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... [Read more]

Sector Industrials
IPO Date Jan 25, 2018
Employees 14,700
Stock Exchange NYSE
Ticker Symbol GTES
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is $17.91, which is an increase of 2.70% from the latest price.

Price Target
$17.91
(2.70% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Gates Industrial Announces First-Quarter 2024 Earnings Release Date

DENVER , April 10, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) will issue its first-quarter earnings release before the market opens on Wednesday, May 1, 2024. Management will h...

3 days ago - PRNewsWire

Gates Corp. (GTES) CEO on Power Transmission Belts & Fluid Power Products

Gates Corp. (GTES) is a manufacturer of power transmission belts and fluid power products. CEO Ivo Jurek joins Nicole Petallides to give an overview of the company.

4 weeks ago - Schwab Network

Reminder: Gates Industrial to Host Capital Markets Day on March 11, 2024

DENVER , March 11, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, extends a...

4 weeks ago - PRNewsWire

Gates Offers Advanced Solutions for Data Center Cooling

DENVER , March 6, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions announces its collaboration and entry int...

5 weeks ago - PRNewsWire

GATES INTRODUCES CLEAN MASTER™ PLUS PRESSURE WASH HOSE

Lighter more flexible high pressure hose improves ergonomics, productivity and safety DENVER , Feb. 20, 2024 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of highly engineered power transm...

7 weeks ago - PRNewsWire

Gates Industrial to Participate in Upcoming Investor Conferences

DENVER , Feb. 14, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announce...

2 months ago - PRNewsWire

GATES NAMED TO NEWSWEEK'S AMERICA'S GREATEST WORKPLACES 2024 FOR DIVERSITY

Award recognizes Gates' impact and commitment to  fostering a safe and empowering work environment for all DENVER , Feb. 13, 2024 /PRNewswire/ -- Gates  (NYSE: GTES), a global manufacturer of innovati...

2 months ago - PRNewsWire

Gates Announces Pricing of Secondary Offering of 17,500,000 Ordinary Shares

DENVER , Feb. 13, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today the pricing of the previously announced secondary offering of 17,500,000 ...

2 months ago - PRNewsWire

Gates Announces Secondary Offering of 17,500,000 Ordinary Shares

DENVER , Feb. 12, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today that certain selling stockholders affiliated with Blackstone Inc. (the "S...

2 months ago - PRNewsWire

Gates Industrial Reports Fourth-Quarter and Full Year 2023 Results

DENVER , Feb. 8, 2024 /PRNewswire/ -- Fourth -Quarter 2023 Financial Summary Fourth-quarter net sales of $863.3 million, down 3.4% compared to the prior-year period, including a core revenue decline o...

2 months ago - PRNewsWire

Gates Industrial Announces Time Change for Fourth-Quarter 2023 Conference Call

DENVER , Jan. 25, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its Fourth-Quarter 2023 webcast and conference call from 10 a.m. Eas...

2 months ago - PRNewsWire

Gates Industrial Announces Fourth-Quarter 2023 Earnings Release Date

DENVER , Jan. 10, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Thursday, February 8, 2024. Management wil...

3 months ago - PRNewsWire

Gates Industrial to Host Capital Markets Day on March 11, 2024

DENVER , Jan. 9, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, invites inve...

3 months ago - PRNewsWire

Gates Industrial stock drops nearly 8% after company prices share offering

Gates Industrial Corp.'s stock GTES, +0.57% was down nearly 7.7% in premarket trading on Friday after the power transmission manufacturer said it priced a previously-announced secondary offering of 15...

4 months ago - Market Watch

GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 15,000,000 ORDINARY SHARES

DENVER , Dec. 8, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today the pricing of the previously announced secondary offering of 15,000,000 o...

4 months ago - PRNewsWire

GATES ANNOUNCES SECONDARY OFFERING OF 15,000,000 ORDINARY SHARES

DENVER , Dec. 7, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates" or the "Company") announced today that certain selling stockholders affiliated with Blackstone Inc. (the "Se...

4 months ago - PRNewsWire

Gates Industrial Reports Third-Quarter 2023 Results

DENVER , Nov. 3, 2023 /PRNewswire/ -- Third -Quarter 2023 Financial Summary Record third-quarter net sales of $872.9 million, up 1.4% compared to the prior-year period and representing a core revenue ...

5 months ago - PRNewsWire

Gates Industrial to Participate in Baird's 2023 Global Industrial Conference

DENVER , Oct. 30, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announce...

5 months ago - PRNewsWire

Gates Industrial Announces Third-Quarter 2023 Earnings Release Date

DENVER , Oct. 10, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its third-quarter earnings release before the market opens on Friday, November 3, 2023.  Management will ...

6 months ago - PRNewsWire

Gates Industrial to Participate in Morgan Stanley's 11th Annual Laguna Conference

DENVER , Sept. 1, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announce...

8 months ago - PRNewsWire

Gates Industrial to Participate in the 2023 RBC Capital Markets Global Industrials Conference

DENVER , Aug. 31, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announc...

8 months ago - PRNewsWire

Gates Industrial Reports Second-Quarter 2023 Results

DENVER , Aug. 4, 2023 /PRNewswire/ --  Second -Quarter 2023 Financial Summary Record second-quarter net sales of $936.3 million, up 3.3% compared to the prior-year period, including core revenue growt...

9 months ago - PRNewsWire

Gates Launches New G-Force WorkHorse CVT Belt for Off-road Vehicles

G-Force WorkHorse™ belts bring material science innovation to fields, farms, and trails DENVER , Aug. 1, 2023 /PRNewswire/ -- Gates (NYSE: GTES), a global manufacturer of innovative, highly engineered...

9 months ago - PRNewsWire

Gates Industrial Announces Second-Quarter 2023 Earnings Release Date

DENVER , July 11, 2023 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Friday, August 4, 2023.  Management will h...

9 months ago - PRNewsWire

Gates Releases 2022 Corporate Sustainability Report

Fifth Annual Report Highlights Continued Progress DENVER , June 21, 2023 /PRNewswire/ -- Gates  (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power ...

10 months ago - PRNewsWire