Gates Industrial (NYSE:GTES) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Gates Industrial to post earnings of $0.19 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Gates Industrial (NYSE:GTES) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Gates Industrial had a return on equity of 11.38% and a net margin of 23.67%. The business had revenue of $746.60 million during the quarter, compared to analyst estimates of $747.15 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Gates Industrial’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts expect Gates Industrial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:GTES opened at $12.62 on Tuesday. The stock has a 50-day simple moving average of $13.19 and a two-hundred day simple moving average of $10.93. Gates Industrial has a 52-week low of $6.76 and a 52-week high of $17.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.33 and a current ratio of 3.20. The firm has a market capitalization of $3.75 billion, a PE ratio of 4.99 and a beta of 2.20.
Several analysts have issued reports on the company. Goldman Sachs Group boosted their price target on Gates Industrial from $14.00 to $16.00 and gave the company a “buy” rating in a report on Monday, January 13th. Royal Bank of Canada lowered Gates Industrial from an “outperform” rating to a “sector perform” rating and set a $10.00 price objective for the company. in a research note on Wednesday, October 9th. TheStreet raised Gates Industrial from a “d+” rating to a “c-” rating in a research note on Tuesday, December 24th. Zacks Investment Research lowered Gates Industrial from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Finally, UBS Group assumed coverage on Gates Industrial in a research note on Wednesday, December 11th. They issued a “hold” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.
Gates Industrial Company Profile
Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.
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