Skip to main content

Gates Industrial Corporation PLC (GTES)

NYSE: GTES · IEX Real-Time Price · USD
16.77 0.03 (0.18%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap4.89B
Revenue (ttm)3.30B
Net Income (ttm)230.40M
Shares Out291.61M
EPS (ttm)0.77
PE Ratio21.69
Forward PE10.96
Dividendn/a
Ex-Dividend Daten/a
Volume395,419
Open16.72
Previous Close16.74
Day's Range16.65 - 16.82
52-Week Range10.98 - 18.94
Beta1.76
AnalystsBuy
Price Target22.23 (+32.6%)
Est. Earnings DateNov 8, 2021

About GTES

Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. 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, or other accessories; and metal drive components and kits for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms. It also provides fluid power products comprising hydraulic hoses, tubin...

IndustryMachinery
IPO DateJan 25, 2018
Employees14,300
Stock ExchangeNYSE
Ticker SymbolGTES
Full Company Profile

Financial Performance

In 2020, GTES's revenue was $2.79 billion, a decrease of -9.53% compared to the previous year's $3.09 billion. Earnings were $79.40 million, a decrease of -88.49%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is 22.23, which is an increase of 32.56% from the latest price.

Price Target
$22.23
(32.56% upside)
Analyst Consensus: Buy

News

Gates Sets New Performance Standards With Latest Hydraulic Hose Solution - MegaSys MXG 5K

DENVER, Oct. 14, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today introduced its latest breakthrough hydraul...

1 week ago - PRNewsWire

Gates Celebrates 110-Year Anniversary with Fifth Annual "BuildORama" Employee Bike-Building Event for Local Charity

DENVER, Sept. 30, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, is hosting its fifth annual BuildORama employee...

3 weeks ago - PRNewsWire

Gates Industrial to Participate in Morgan Stanley's 9th Annual Laguna Conference

DENVER, Sept. 7, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced t...

1 month ago - PRNewsWire

Gates Industrial to Participate in the 2021 RBC Capital Markets Global Industrials Conference

DENVER , Sept. 2, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced...

1 month ago - PRNewsWire

Gates Industrial Corp (GTES) Sees Hammer Chart Pattern: Time to Buy?

Gates Industrial Corp (GTES) has been struggling lately, but the selling pressure may be coming to an end soon.

1 month ago - Zacks Investment Research

Gates Industrial Corp Plc Ranked Among Today's Top Buys As Stocks Are Riding High After Fed Chair Jay Powell's Talk O...

The Dow fluctuated between gains and losses, the S&P 500 gained 0.2% to set a new intraday record high, and the Nasdaq rose 0.4%. Make the most of this market with today's Top Buys from Q.ai's artificia...

Other symbols:LOWMTDNDSNWLKP
1 month ago - Forbes

Gates Industrial Corp Plc Among Today's Top Buys As Jobless Claims Rise

The Dow Jones rose about 42 points or 0.1%, the S&P 500 lost 0.08%, and the Nasdaq fell 0.04%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Other symbols:JELDSCHNSWIUI
1 month ago - Forbes

Shutterstock Among This Week's Small And Mid-Cap Securities

Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. This week, our deep-learning algorithms have identified Shutterstock among others.

Other symbols:SSTKHETBITGNA
2 months ago - Forbes

Gates Announces Pricing of Secondary Offering of 25,000,000 Ordinary Shares

DENVER, Aug. 11, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today the pricing of the previously announced secondary offering of 25,000,000 ordinary shares at a...

2 months ago - PRNewsWire

Gates Announces Secondary Offering of 25,000,000 Ordinary Shares

DENVER, Aug. 10, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES, "Gates") announced today that certain selling stockholders affiliated with The Blackstone Group Inc. have commenced a ...

2 months ago - PRNewsWire

Gates Industrial (GTES) Tops Q2 Earnings and Revenue Estimates

Gates Industrial (GTES) delivered earnings and revenue surprises of 16.67% and 0.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Recap: Gates Industrial Corp Q2 Earnings

Shares of Gates Industrial Corp (NYSE:GTES) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 1300.00% year over year to $0.42, which beat the estimate...

2 months ago - Benzinga

Gates Industrial Reports Second-Quarter 2021 Results

DENVER, Aug. 9, 2021 /PRNewswire/ -- Second-Quarter 2021 Highlights Net sales up 58.7%, including core revenue growth of 51.0%, compared to the prior-year period. Net income attributable to shareholders...

2 months ago - PRNewsWire

Gates Industrial (GTES) Reports Next Week: Wall Street Expects Earnings Growth

Gates Industrial (GTES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Gates Industrial Announces Second-Quarter 2021 Earnings Release Date

DENVER, July 20, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Monday, August 9, 2021.  Management will host...

3 months ago - PRNewsWire

Boise Cascade Co Ranked Among Today's Top Buys

All three major indices were in the green today. Find opportunities in this market with today's Top Buys from Q.ai's deep learning algorithms.

Other symbols:BCCLOWNSITSCHN
3 months ago - Forbes

Central Garden & Pet Co Ranked Among Today's Top Buys

Stocks opened flat to slightly lower today with all three major indices trading timid after a higher-than-expected inflation reading. Make the most of this market with today's Top Buys from Q.ai's artif...

Other symbols:CENTCVCOMMSROL
3 months ago - Forbes

Gates (GTES) Rides on Strategic Initiatives, Diverse Portfolio

Solid segmental prospects & growth strategies are aiding Gates Industrial (GTES).

3 months ago - Zacks Investment Research

Aci Worldwide Inc Ranked Among Today's Top Buys

The Dow Jones was flat, while the S&P 500 dipped 0.1%, and the Nasdaq fell 0.2%. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Other symbols:ACIWLOWPROVUNF
3 months ago - Forbes

Top 5 Stocks From Thriving Engineering R&D Services Industry

Top 5 Stocks From Thriving Engineering R&D Services Industry

Other symbols:ACMCHXHWMJ
3 months ago - Zacks Investment Research

Gates Expands Thermoplastic Polyurethane Line-up with Best-in-Class Parabolic Pitch Belts

DENVER, June 22, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today announced the introduction of two new ther...

3 months ago - PRNewsWire

Artificial Intelligence Ranks Alamo Group Inc Among Today's Top Buys

The Dow Jones rose 3 points, the S&P 500 continued trading just below its record high and gained nearly 0.2%, while the Nasdaq gained 0.4%. Make the most of today's markets with the Top Buys of the day.

Other symbols:ALGDCIFELELOW
4 months ago - Forbes

Earnings Estimates Moving Higher for Gates Industrial (GTES): Time to Buy?

Gates Industrial (GTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 months ago - Zacks Investment Research

Gates Industrial to Participate in the 2021 UBS Global Industrials and Transportation Virtual Conference

DENVER, June 2, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced th...

4 months ago - PRNewsWire

Gates Industrial to Participate in the 2021 KeyBanc Industrials & Basic Materials Conference

DENVER, May 26, 2021 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced th...

4 months ago - PRNewsWire