Gates Industrial/GTES

2.48%
-
1D1W1MYTD1YMAX

About Gates Industrial

Gates Industrial Corporation plc is a global manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to diverse replacement channel customers, and to original equipment (first-fit) manufacturers as specified components. Its segments include Power Transmission and Fluid Power. Its Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. Its power transmission solutions transfer power, convey materials, and provide motion control. Its Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. Its products play various roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries, such as agriculture, construction, manufacturing and energy, and others.

Ticker

GTES

Sector

Industrials

Trading on

NYSE

Industry

Misc. Capital Goods

CEO

Ivo Jurek

Employees

14,700

Headquarters

Denver, United States

Gates Industrial Metrics

BasicAdvanced
US$4.5B
Market cap
19.05
P/E ratio
US$0.91
EPS
1.43
Beta
-
Dividend rate
US$4.5B
1.43062
US$17.99
US$10.68
3.1M
3.058
2.153
72.771
73.649
16.074
3.66%
3.8%
7.72%
4.47%
19.05
1.283
1.426
13.635
-0.66%
20.18%
8.53%
45.88%

What the Analysts think about Gates Industrial

Analyst Ratings

Majority rating from 10 analysts.
Buy

Price Targets

Average projection from 10 analysts.
11.36% upside
High US$26.00
Low US$15.00
US$17.78
Current price
US$19.80
Average price target

Gates Industrial Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
4.63% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
US$863M
-0.08%
Net income
US$40M
-36.41%
Profit margin
4.63%
-36.4%

Gates Industrial Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 2.52%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
US$0.36
US$0.35
US$0.39
US$0.31
-
Expected
US$0.33
US$0.31
US$0.28
US$0.32
US$0.36
Surprise
10.36%
13.11%
37.81%
-2.52%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Gates Industrial stock?

Gates Industrial (GTES) has a market cap of $4.5B as of May 20, 2024.

What is the P/E ratio for Gates Industrial stock?

The price to earnings (P/E) ratio for Gates Industrial (GTES) stock is 19.05 as of May 20, 2024.

Does Gates Industrial stock pay dividends?

No, Gates Industrial (GTES) stock does not pay dividends to its shareholders as of May 20, 2024.

When is the next Gates Industrial dividend payment date?

Gates Industrial (GTES) stock does not pay dividends to its shareholders.

What is the beta indicator for Gates Industrial?

Gates Industrial (GTES) has a beta rating of 1.43. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Gates Industrial stock price target?

The target price for Gates Industrial (GTES) stock is $19.8, which is 11.68% above the current price of $17.73. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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