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Market Cap 3.84B P/E 17.97 EPS this Y 4.40% Ern Qtrly Grth -25.90%
Income 233.5M Forward P/E 9.84 EPS next Y 17.60% 50D Avg Chg 4.00%
Sales 3.57B PEG 1.12 EPS past 5Y 11.05% 200D Avg Chg 7.00%
Dividend N/A Price/Book 1.19 EPS next 5Y 11.00% 52W High Chg -10.00%
Recommedations 2.00 Quick Ratio 2.21 Shares Outstanding 260.12M 52W Low Chg 43.00%
Insider Own 0.58% ROA 4.16% Shares Float 189.82M Beta 1.57
Inst Own 93.95% ROE 7.36% Shares Shorted/Prior 8.40M/7.25M Price 13.48
Gross Margin 38.08% Profit Margin 6.52% Avg. Volume 1,708,722 Target Price 19.60
Oper. Margin 14.20% Earnings Date May 1 Volume 660,457 Change -1.39%
About Gates Industrial Corporation pl

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 replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; first-fit end markets; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.

Gates Industrial Corporation pl News
04/24/24 With 69% ownership, Gates Industrial Corporation plc (NYSE:GTES) boasts of strong institutional backing
04/17/24 Does Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate?
04/10/24 Gates Industrial Announces First-Quarter 2024 Earnings Release Date
04/10/24 Should You Investigate Gates Industrial Corporation plc (NYSE:GTES) At US$17.63?
03/27/24 Is Gates Industrial Corporation plc (NYSE:GTES) Trading At A 48% Discount?
03/20/24 Billionaire Steve Cohen and Insiders Are Buying These 10 Stocks
03/11/24 Reminder: Gates Industrial to Host Capital Markets Day on March 11, 2024
03/07/24 Gates Industrial Stock Hits 80-Plus Relative Strength Rating Benchmark
03/06/24 Gates Offers Advanced Solutions for Data Center Cooling
03/01/24 Director Wilson Neely Acquires 50,000 Shares of Gates Industrial Corp PLC (GTES)
02/22/24 Gates Industrial Stock Sees Relative Price Performance Power Up; Still Shy Of Benchmark
02/20/24 GATES INTRODUCES CLEAN MASTER™ PLUS PRESSURE WASH HOSE
02/17/24 Gates Industrial Corp PLC CEO Ivo Jurek Acquires 20,492 Shares
02/14/24 Gates Industrial to Participate in Upcoming Investor Conferences
02/13/24 GATES NAMED TO NEWSWEEK'S AMERICA'S GREATEST WORKPLACES 2024 FOR DIVERSITY
02/13/24 Gates Announces Pricing of Secondary Offering of 17,500,000 Ordinary Shares
02/12/24 Gates Announces Secondary Offering of 17,500,000 Ordinary Shares
02/11/24 Results: Gates Industrial Corporation plc Exceeded Expectations And The Consensus Has Updated Its Estimates
02/09/24 Gates Industrial Corporation plc (NYSE:GTES) Q4 2023 Earnings Call Transcript
02/09/24 Q4 2023 Gates Industrial Corporation PLC Earnings Call
GTES Chatroom

User Image Stock_Titan Posted - 2 weeks ago

$GTES Gates Industrial Announces First-Quarter 2024 Earnings Release Date https://www.stocktitan.net/news/GTES/gates-industrial-announces-first-quarter-2024-earnings-release-glane2vk9g3p.html

User Image Thestocktraderhubzee Posted - 2 weeks ago

WATCHLIST APR 09 2024. $JCI Citigroup Maintains Neutral on Johnson Controls Intl, Raises Price Target to $68 $GTES Citigroup Maintains Buy on Gates Industrial Corp, Raises Price Target to $20 $LW Citigroup Maintains Buy on Lamb Weston Hldgs, Lowers Price Target to $106 $UBER Wells Fargo Maintains Overweight on Uber Technologies, Raises Price Target to $95 $WLK Vertical Research Downgrades Westlake to Hold, Announces $154 Price Target

User Image StockInvest_us Posted - 1 month ago

Signal alert: $GTES - Overbought Trend Short (Overvalued) https://stockinvest.us/l/S0cuUNeaw9

User Image Tommy_Two_Toes Posted - 1 month ago

$GTES speculative take. Risky. If it breaks it’ll print hard

User Image DonCorleone77 Posted - 1 month ago

$GTES Gates Industrial 2.7M share Spot Secondary; price range $16.85-$17.09 Jefferies, Citi and Goldman Sachs are acting as joint book running managers for the offering.

User Image fer085 Posted - 1 month ago

$BABA $GTES going up like crazy over the last couple of weeks, also recently shares been purchased by insiders

User Image fer085 Posted - 1 month ago

$GTES going up like crazy over the last couple of weeks, also recently shares been purchased by insiders

User Image SmartInsider Posted - 1 month ago

Gates Industrial Corp- $GTES US ranked positive on March 4th, 2024 Learn more: https://www.smartinsider.com/stock-of-the-week/gtes-us-ranked-positive-on-march-4th-2024/

User Image DonCorleone77 Posted - 1 month ago

$GTES Gates Industrial targets 2026 adjusted EPS $1.90-$2.30 The company targets 2026 annual revenue growth 3%-5%. Guidance issued in capital markets day slides.

User Image Stock_Titan Posted - 1 month ago

$GTES Reminder: Gates Industrial to Host Capital Markets Day on March 11, 2024 https://www.stocktitan.net/news/GTES/reminder-gates-industrial-to-host-capital-markets-day-on-march-11-tqzfxf0ot6a6.html

User Image DonCorleone77 Posted - 1 month ago

$GTES Gates Industrial to hold capital markets day Capital Markets Day to be held at the New York Stock Exchange on March 11 at 1 pm.

User Image quantguy Posted - 1 month ago

$GTES sold Aug $15 calls @ $1.90, bought 2/22 @ $0.95

User Image Stock_Titan Posted - 1 month ago

$GTES Gates Offers Advanced Solutions for Data Center Cooling https://www.stocktitan.net/news/GTES/gates-offers-advanced-solutions-for-data-center-5wlie6ox9w5b.html

User Image quantguy Posted - 2 months ago

$GTES bought Aug $15 calls @ $ 0.95

User Image KimAntony Posted - 2 months ago

$GTES yes and with a huge buy imbalance the expert will likely have to open it higher to balance his books!

User Image KimAntony Posted - 2 months ago

$GTES upgraded by Keybank this morning with an increased PT of $18 - should absolutely take off from the open - https://www.streetinsider.com/rating_history.php?q=gtes

User Image insiderbuyingselling Posted - 2 months ago

$GTES new insider selling: 24276100 shares. http://insiderbuyingselling.com/?t=GTES

User Image Stock_Titan Posted - 2 months ago

$GTES GATES INTRODUCES CLEAN MASTER™ PLUS PRESSURE WASH HOSE https://www.stocktitan.net/news/GTES/gates-introduces-clean-master-plus-pressure-wash-mxnexavqzhz2.html

User Image InsiderPeek Posted - 2 months ago

$GTES CEO Jurek Ivo bought 20.5k shares for $250k (ownership up 3.38%) insiderpeek.com/company/GTES

User Image insiderbuyingselling Posted - 2 months ago

$GTES new insider buying: 20492 shares. http://insiderbuyingselling.com/?t=GTES

User Image Stock_Titan Posted - 2 months ago

$GTES Gates Industrial to Participate in Upcoming Investor Conferences https://www.stocktitan.net/news/GTES/gates-industrial-to-participate-in-upcoming-investor-8h7441sm10ir.html

User Image Stock_Titan Posted - 2 months ago

$GTES Gates Announces Pricing of Secondary Offering of 17,500,000 Ordinary Shares https://www.stocktitan.net/news/GTES/gates-announces-pricing-of-secondary-offering-of-17-500-000-ordinary-emzl1kwyyuc4.html

User Image OpenOutcrier Posted - 2 months ago

$GTES (-2.3% pre) Gates Industrial (GTES) Announces Secondary Offering of 17.5M Ordinary Shares - SI https://ooc.bz/l/24770

User Image DonCorleone77 Posted - 2 months ago

$GTES Gates Industrial announces offering of 17.5M ordinary shares for holders Gates Industrial Corporation announced that certain selling stockholders affiliated with Blackstone have commenced a secondary offering of 17.5M of Gates' ordinary shares. Gates is not offering any ordinary shares in the offering and will not receive any proceeds from the sale of ordinary shares in the offering. Citigroup, Goldman Sachs and Jefferies are serving as the joint lead book-running managers of, and as representatives of the underwriters for, the offering.

User Image TheTradeXchange Posted - 2 months ago

$GTES: Gates Announces Secondary Offering of 17,500,000 Ordinary Shares

User Image Stock_Titan Posted - 2 months ago

$GTES Gates Announces Secondary Offering of 17,500,000 Ordinary Shares https://www.stocktitan.net/news/GTES/gates-announces-secondary-offering-of-17-500-000-ordinary-161ny79o8o9g.html

User Image StockInvest_us Posted - 2 months ago

Signal alert: $GTES - GoldenStar https://stockinvest.us/l/0HVj1rjXd6

User Image DonCorleone77 Posted - 2 months ago

$GTES Gates Industrial sees 2024 adjusted EPS $1.28-$1.43, consensus $1.35 Sees 2024 revenue growth (3%)-1%, consensus $3.61B.

User Image DonCorleone77 Posted - 2 months ago

$GTES Gates Industrial reports Q4 adjusted EPS 39c, consensus 28c Reports Q4 revenue $863.3M, consensus $862.89M. CEO Ivo Jurek commented, "We finished the year on a strong note delivering solid margin expansion year-over-year and robust operating cash flow in the fourth quarter while reducing our net leverage ratio to 2.3x. For full year 2023, our team generated a meaningful margin increase and drove significant improvement in our free cash flow while operating in an uneven global demand environment. We enter 2024 focused on progressing our enterprise initiatives and enhancing our business performance. Our cash balance and net leverage position is in its strongest position as a public company and we remain highly focused on further reducing our net leverage ratio and opportunistically utilizing our recently approved $100 million share repurchase authorization. We are optimistic about the shareholder value creation opportunities in front of us...."

User Image epsguid Posted - 2 months ago

$GTES reported earnings of $0.39, consensus was $0.27 via @eWhispers #epsbeat http://eps.sh/d/gtes

Analyst Ratings
Goldman Sachs Neutral Apr 16, 24
Citigroup Buy Apr 8, 24
Goldman Sachs Neutral Mar 12, 24
Keybanc Overweight Mar 12, 24
Barclays Equal-Weight Mar 12, 24
Wolfe Research Outperform Mar 8, 24
Jefferies Buy Feb 29, 24
Keybanc Overweight Feb 22, 24
Evercore ISI Group In-Line Feb 20, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Neely Wilson S Director Director Aug 30 Buy 10.835 3,000 32,505 37,103 09/01/22
Omaha Aggregator (Cayman) L.P. 10% Owner 10% Owner Mar 30 Sell 15.14 13,750,000 208,175,000 16,527,684 04/01/22
Blackstone Inc 10% Owner 10% Owner Mar 30 Sell 15.14 13,750,000 208,175,000 16,527,684 04/01/22
BX GATES ML-1 HOLDCO LLC 10% Owner 10% Owner Mar 30 Sell 15.14 13,750,000 208,175,000 16,527,684 04/01/22