Why Gates Industrial Corp PLCs GTES Stock Is Down 4 48%

GTES’ trailing-12-month EBITDA margin of 17.36% is 30.2% higher than the industry average of 13.34%. Its trailing-12-month gross profit margin of 35.25% is 21.2% higher than the industry average of 29.08%. Marketing and distribution of various financial products such as loans, deposits and Insurance are powered by Finzoomers Services Private Limited.

You can use relative price strength to select investments that have been outperforming the market or a specific benchmark. Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Gates Industrial Corp PLC by visiting AAII Stock Evaluator. Gates Industrial issued an update on its first quarter 2023 earnings guidance on Friday, February, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $880.00 million-$910.00 million, compared to the consensus revenue estimate of $902.18 million.

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When we switch over and look at the enterprise to sales, we see a ratio of 1.60, with the company’s debt to enterprise value settled at 0.46. The receivables turnover for the company is 4.59 and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.03. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.

• Gates Industrial Corporation plc reported Q4 EPS of $0.25, $0.02 better than the analyst estimate of $0.23.
• Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
• In a report released today, Jerry Revich from Goldman Sachs maintained a Buy rating on Gates Industrial (GTES – Research Report), with a price target of $13.50.
• RBC Capital analyst Deane Dray maintained a Hold rating on Gates Industrial (GTES – Research Report) on November 6 and set a price target of $11.00.
• Gates Industrial has a short interest ratio („days to cover“) of 4.4.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. Gates Industrial Corp PLC’s price-earnings (P/E) ratio is currently at 17.9, which is low compared to the Industrial Machinery & Equipment industry median of 22.5.

Should You Investigate Gates Industrial Corporation plc (NYSE:GTES) At US$11.23?

Its profit came in at ¥18.33 billion ($138.19 million), up 80.9% year-over-year, while its https://1investing.in/ came in at ¥53.43, up 80.9% from its year-ago period. The automotive parts aftermarket market in the U.S. is estimated to grow at a CAGR of 7.7% until 2027. GTES matched the US Machinery industry which returned -0.3% over the past year. Gates Industrial Corporation plc has completed a Follow-on Equity Offering in the amount of $330 million.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today. Over the last year, Gates Industrial Corp PLC has hit prices as high as $14.94 and as low as $9.40. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Below are the latest news stories about GATES INDUSTRIAL CORP PLC that investors may wish to consider to help them evaluate GTES as an investment opportunity. GTES scores best on the Growth dimension, with a Growth rank ahead of 93.19% of US stocks.

Only 1 people have searched for GTES on MarketBeat in the last 30 days. Gates Industrial does not have a long track record of dividend growth. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Measures how much net income or profit is generated as a percentage of revenue.

• GTES’ net sales increased 9.5% year-over-year to $893.30 million in the fourth quarter, which ended December 31, 2022.
• Raised $751 million in an initial public offering on Thursday, January 25th 2018.
• Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.
• The chart below shows how a company’s share price and consensus price target have changed over time.
• There are currently 5 hold ratings and 4 buy ratings for the stock.

The net margin for Gates Industrial Corporation plc stands at +6.22. The total capital return value is set at 6.42, while invested capital returns managed to touch 3.88. Equity return is now at value 7.40, with 3.10 for asset returns.

Analyst rating

erp software solutions has a short interest ratio („days to cover“) of 4.4. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Represents the company’s profit divided by the outstanding shares of its common stock. Gates Industrial has been rated by Barclays, Citigroup, Credit Suisse Group, Morgan Stanley, Robert W. Baird, Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.

The consensus among Wall Street research analysts is that investors should „hold“ GTES shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GTES, but not buy additional shares or sell existing shares. GTES manufactures and sells engineered power transmission and fluid power solutions worldwide.

The consensus revenue estimate of $3.77 billion for the year ending 2024 represents a 3.8% increase year-over-year. It surpassed the EPS estimates in three of four trailing quarters. GTES has gained 36.9% over the past six months to close the last trading session at $13.58.

We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Per-Share Earnings, Actuals and Estimates

Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for GTES comes in at 5.76% — higher than that of 74.5% of stocks in our set. Of note is the ratio of GATES INDUSTRIAL CORP PLC’s sales and general administrative expense to its total operating expenses; 84.37% of US stocks have a lower such ratio. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Gates Industrial’s stock was trading at $11.41 at the beginning of the year.

The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. The stock of Gates Industrial Corporation plc has seen a -5.86% decrease in the past week, with a -9.56% drop in the past month, and a 7.08% gain in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.63% for GTES. The simple moving average for the last 20 days is -4.06% for GTES stock, with a simple moving average of 8.36% for the last 200 days.

Its revenue is expected to increase 6.1% year-over-year to $3.94 billion in 2024. Over the past six months, the stock has gained 25.9% to close the last trading session at $7.44. It has an A grade for Value and a B for Stability, Momentum, and Quality.