Gates Industrial Corporation PLC (GTES)

NYSE: GTES · IEX Real-Time Price · USD
11.97
-0.04 (-0.33%)
Aug 8, 2022 4:00 PM EDT - Market closed
-0.33%
Market Cap 3.38B
Revenue (ttm) 3.48B
Net Income (ttm) 216.90M
Shares Out 282.29M
EPS (ttm) 0.85
PE Ratio 14.08
Forward PE 9.82
Dividend n/a
Ex-Dividend Date n/a
Volume 580,215
Open 12.02
Previous Close 12.01
Day's Range 11.96 - 12.32
52-Week Range 10.37 - 18.32
Beta 1.60
Analysts Buy
Price Target 15.02 (+25.5%)
Earnings Date Aug 5, 2022

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, or other accessories; solutions for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms; metal drive components; and kits... [Read more...]

Industry Machinery
IPO Date Jan 25, 2018
Employees 15,050
Stock Exchange NYSE
Ticker Symbol GTES
Full Company Profile

Financial Performance

In 2021, GTES's revenue was $3.47 billion, an increase of 24.40% compared to the previous year's $2.79 billion. Earnings were $297.10 million, an increase of 274.18%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for GTES stock is "Buy." The 12-month stock price forecast is 15.02, which is an increase of 25.48% from the latest price.

Price Target
$15.02
(25.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Gates Industrial (GTES) Tops Q2 Earnings Estimates

Gates Industrial (GTES) delivered earnings and revenue surprises of 23.08% and 0.77%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial Reports Second-Quarter 2022 Results

DENVER , Aug. 5, 2022 /PRNewswire/ -- Second-Quarter 2022 Highlights Net sales of $906.8 million, including core revenue growth of 3.6%, compared to a record prior-year period. Net income attributable t...

Analysts Estimate Gates Industrial (GTES) to Report a Decline in Earnings: What to Look Out for

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.

Gates Industrial Announces Second-Quarter 2022 Earnings Release Date

DENVER , July 14, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its second-quarter earnings release before the market opens on Friday, August 5, 2022.  Management will hos...

Gates Publishes 2021 Corporate Sustainability Report Highlighting Progress towards Goals, Transparency and Eco-Innova...

DENVER , June 1, 2022 /PRNewswire/ -- Gates (NYSE: GTES), a leading global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today released its 2021 Sustainabil...

Gates Industrial to Participate in the 2022 KeyBanc Industrials & Basic Materials Conference

DENVER , May 26, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced t...

Gates Expands and Upgrades Innovative Carbon Drive™ Product Line to Deliver Leading-Edge Belt-Drive Technology for Ne...

"Chain-to-Belt" movement accelerates with global growth in personal mobility and electrification of bicycle drivetrains DENVER , May 25, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES...

Gates Industrial to Participate in the 2022 Wolfe Research Global Transportation & Industrials Conference

DENVER , May 18, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced ...

Gates Industrial to Participate in the 2022 Goldman Sachs Industrials & Materials Conference

DENVER , May 4, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced th...

Gates Industrial (GTES) Tops Q1 Earnings and Revenue Estimates

Gates Industrial (GTES) delivered earnings and revenue surprises of 8.33% and 2.91%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial Reports First-Quarter 2022 Results

DENVER , May 4, 2022 /PRNewswire/ --  First-Quarter 2022 Financial Summary Record first-quarter net sales of $893.4 million, up 1.4% compared to the prior-year period, including core revenue growth of 4...

Earnings Preview: Gates Industrial (GTES) Q1 Earnings Expected to Decline

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.

Gates Continues Digital Innovation Drive with Launch of Gates Design Power™

Next-generation Software Platform Combines Six All-new or Significantly Updated  Digital Design Tools DENVER , April 19, 2022 /PRNewswire/ -- Gates (NYSE: GTES), a leading global manufacturer of innovat...

Gates Industrial Announces First-Quarter 2022 Earnings Release Date

DENVER , April 14, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its first-quarter earnings release before the market opens on Wednesday, May 4, 2022.  Management will hos...

Gates Industrial Stock Slips On Secondary Offering by Selling Stockholders

Gates Industrial Corp PLC (NYSE: GTES) announced a secondary offering of 5 million of Gates' ordinary shares, with certain selling stockholders affiliated with Blackstone Inc. Underwriter granted a 30-d...

Gates Industrial to Host Investor Day

DENVER, Feb. 22, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced i...

Gates Industrial to Participate in the Evercore ISI Industrial Conference

DENVER, Feb. 21, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced t...

Gates Industrial to Participate in Barclays Industrial Select Conference

DENVER , Feb. 17, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced...

Gates Industrial to Participate in Citi's 2022 Global Industrial Tech and Mobility Conference

DENVER, Feb. 16, 2022 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced t...

New Strong Sell Stocks for February 9th

BEP, GTES, and INCY have been added to the Zacks Rank #5 (Strong Sell) List on February 9, 2022

Other symbols: BEPINCY

Analysts Cut Price Target For Gates Industrial Post Q4 Results

Analysts lowered the price target for Gates Industrial Corp PLC GTES post Q4 results. Morgan Stanley analyst Joshua Pokrzywinski lowered the price target to $17 (an upside of 12%) from $18 and maintaine...

Gates Industrial (GTES) Q4 Earnings and Revenues Surpass Estimates

Gates Industrial (GTES) delivered earnings and revenue surprises of 55% and 1.13%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Gates Industrial Q4 Top-Line Misses Street View; Guides FY22 EPS Below Consensus

Gates Industrial Corp PLC GTES reported fourth-quarter net sales growth of 2.7% year-over-year to $815.6 million and core revenue growth of 3.4%, missing the consensus of $821.59 million. Adjusted EPS i...

Gates Industrial Reports Fourth-Quarter and Full-Year 2021 Results

DENVER, Feb. 7, 2022 /PRNewswire/ -- Fourth-Quarter 2021 Highlights Net sales up 2.7%, including core revenue growth of 3.4%, compared to the prior-year period. Net income attributable to shareholders o...

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.