GTES - Gates Industrial Corporation plc

NYSE - NYSE Delayed Price. Currency in USD
10.20
-0.06 (-0.58%)
At close: 4:02PM EDT

10.20 0.00 (0.00%)
After hours: 4:02PM EDT

Stock chart is not supported by your current browser
Previous Close10.26
Open10.17
Bid10.18 x 1100
Ask10.19 x 800
Day's Range10.08 - 10.32
52 Week Range6.76 - 17.60
Volume286,541
Avg. Volume610,660
Market Cap2.959B
Beta (3Y Monthly)N/A
PE Ratio (TTM)3.87
EPS (TTM)2.64
Earnings DateNov 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est11.00
Trade prices are not sourced from all markets
  • Gates Launches its Latest Innovation in Smart Crimper Technology Setting a New Standard for Effectiveness and Ease-of-Use in Hydraulics Assembly
    PR Newswire

    Gates Launches its Latest Innovation in Smart Crimper Technology Setting a New Standard for Effectiveness and Ease-of-Use in Hydraulics Assembly

    GC20 with Gates Cortex Intelligence offers technical advances in safety, training and quality to simplify crimper technology DENVER , Oct. 17, 2019 /PRNewswire/ -- Gates (NYSE: GTES), a leading global ...

  • Find Strong Stocks During Q3 Earnings Season with New Analyst Coverage
    Zacks

    Find Strong Stocks During Q3 Earnings Season with New Analyst Coverage

    Find Strong Stocks During Q3 Earnings Season with New Analyst Coverage

  • Gates Industrial to Release Third-Quarter 2019 Earnings on Tuesday, November 5, 2019
    PR Newswire

    Gates Industrial to Release Third-Quarter 2019 Earnings on Tuesday, November 5, 2019

    DENVER , Oct. 15, 2019 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will release its third-quarter 2019 financial results after trading ends on Tuesday, November 5, 2019 . Management will ...

  • We Think Gates Industrial (NYSE:GTES) Is Taking Some Risk With Its Debt
    Simply Wall St.

    We Think Gates Industrial (NYSE:GTES) Is Taking Some Risk With Its Debt

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • The Gates Industrial (NYSE:GTES) Share Price Is Down 55% So Some Shareholders Are Wishing They Sold
    Simply Wall St.

    The Gates Industrial (NYSE:GTES) Share Price Is Down 55% So Some Shareholders Are Wishing They Sold

    Taking the occasional loss comes part and parcel with investing on the stock market. Anyone who held Gates Industrial...

  • Gates Industrial to Participate in RBC Capital Markets 2019 Global Industrials Conference
    PR Newswire

    Gates Industrial to Participate in RBC Capital Markets 2019 Global Industrials Conference

    DENVER , Sept. 3, 2019 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES) today announced that it will participate in the RBC Capital Markets 2019 Global Industrials Conference in Las Vegas, ...

  • GuruFocus.com

    Gates Industrial Corp Plc (GTES) EVP & Chief Commercial Officer Grant Gawronski Bought ...

    EVP & Chief Commercial Officer of Gates Industrial Corp Plc (30-Year Financial, Insider Trades) Grant Gawronski (insider trades) bought 8,000 shares of GTES on 08/09/2019 at an average price of $7.63 a share. Continue reading...

  • Gates Industrial Corporation plc (GTES) Q2 2019 Earnings Call Transcript
    Motley Fool

    Gates Industrial Corporation plc (GTES) Q2 2019 Earnings Call Transcript

    GTES earnings call for the period ending June 30, 2019.

  • Gates Industrial (GTES) Q2 Earnings and Revenues Miss Estimates
    Zacks

    Gates Industrial (GTES) Q2 Earnings and Revenues Miss Estimates

    Gates Industrial (GTES) delivered earnings and revenue surprises of -3.70% and -3.60%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Gates Industrial Reports Second-Quarter 2019 Results
    PR Newswire

    Gates Industrial Reports Second-Quarter 2019 Results

    DENVER , Aug. 6, 2019 /PRNewswire/ -- Second-Quarter 2019 Highlights Net sales of $809.9 million compared to prior-year period of $875.1 million . Net income attributable to shareholders of $21.5 million ...

  • ACCESSWIRE

    Gates Industrial Corp. Plc to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / August 6, 2019 / Gates Industrial Corp. Plc (NYSE: GTES ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 6, 2019 at 5:00 ...

  • How Many Gates Industrial Corporation plc (NYSE:GTES) Shares Did Insiders Buy, In The Last Year?
    Simply Wall St.

    How Many Gates Industrial Corporation plc (NYSE:GTES) Shares Did Insiders Buy, In The Last Year?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

  • Earnings Preview: Gates Industrial (GTES) Q2 Earnings Expected to Decline
    Zacks

    Earnings Preview: Gates Industrial (GTES) Q2 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 Industrial to Release Second-Quarter 2019 Earnings on Tuesday, August 6, 2019
    PR Newswire

    Gates Industrial to Release Second-Quarter 2019 Earnings on Tuesday, August 6, 2019

    DENVER , July 16, 2019 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will release its second-quarter 2019 financial results after trading ends on Tuesday, August 6 , 2019. Management will ...

  • Gates Steps Up in Support of Denver Pride Month
    PR Newswire

    Gates Steps Up in Support of Denver Pride Month

    DENVER, June 26, 2019 /PRNewswire/ -- Gates (GTES), a leading global provider of application-specific fluid power and power transmission solutions, showed the local LGBTQ+ community its support during Pride Month in a big way. In a time when many companies change the colors of their logos, Gates took it even further by actively engaging employees, and the local community, in conversation and activism through its participation and sponsorship of Denver Pride activities. This participation is part of the company's global diversity and inclusion initiative focused on fostering an inclusive workplace that recognizes and celebrates our differences.

  • Should Gates Industrial Corporation plc’s (NYSE:GTES) Weak Investment Returns Worry You?
    Simply Wall St.

    Should Gates Industrial Corporation plc’s (NYSE:GTES) Weak Investment Returns Worry You?

    Today we'll evaluate Gates Industrial Corporation plc (NYSE:GTES) to determine whether it could have potential as an...

  • Gates Industrial to Participate in the UBS Global Industrials & Transportation Conference
    PR Newswire

    Gates Industrial to Participate in the UBS Global Industrials & Transportation Conference

    DENVER , May 28, 2019 /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 Melius Research Industrial Tech & Aerospace Forum
    PR Newswire

    Gates Industrial to Participate in the Melius Research Industrial Tech & Aerospace Forum

    DENVER , May 24, 2019 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced ...

  • Gates Introduces Most Comprehensive Range of Modular Hoses in the Aftermarket Industry
    PR Newswire

    Gates Introduces Most Comprehensive Range of Modular Hoses in the Aftermarket Industry

    DENVER, May 21, 2019 /PRNewswire/ -- Gates (GTES), a leading global provider of application-specific fluid power and power transmission solutions, now offers its customers one of the most comprehensive range of modular hoses in the aftermarket industry. Over the past six months, Gates has introduced more than 200 new hoses to its product line. "As technology advances to more complex designs, Gates' modular hoses are the ideal solution to support modern internal combustion engine, hybrid and electric vehicle applications because of the diversity of products and options for customization," said Dave Miller, vice president of aftermarket global product line management of Gates.

  • Gates Industrial to Participate in the 2019 KeyBanc Industrials & Basic Materials Conference
    PR Newswire

    Gates Industrial to Participate in the 2019 KeyBanc Industrials & Basic Materials Conference

    DENVER , May 16, 2019 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced ...

  • 7 Stocks to Buy that Lost 10% Last Week
    InvestorPlace

    7 Stocks to Buy that Lost 10% Last Week

    Thanks to President Donald Trump and his kamikaze trade plan, the number of great stocks to buy that lost 10% last week went way up. Some of them will probably lose more of their 2019 gains in the weeks ahead. What we do know is that the markets are petrified of a protracted trade war between the U.S. and China. According to CNBC, the S&P 500 lost $1.1 trillion in market value between May 5 and May 13, in part due to the president's combative tweets suggesting he would raise tariffs on $325 billion in Chinese imports after already raising the tariff on $200 billion worth of Chinese goods from 10% to 25%. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHow bad has it gotten?On May 13, the S&P 500 and Dow Jones both lost 2.4% of their value on the day, the worst one-day return since January 3. "The escalation of trade tensions is likely to weigh on risk assets quite meaningfully in the next few weeks and months because the year-to-date rally was built on two premises: no escalation of trade tensions, and global policy easing," said Alessio de Longis, the portfolio manager for the global multiasset group at OppenheimerFunds. "One of these pillars has been taken away, and that's even more important because we are also dealing with the negative underlying force of deteriorating economic data."Buying stocks just got even tougher if you believe that U.S. consumers are going to pay the price of a trade plan that's hell-bent on bringing the Chinese to their knees. * 10 Retirement Stocks That Won't Wilt in a Bear Market I have news for President Trump. It isn't going to happen. That said, here are seven stocks to buy that lost 10% or more during the week of May 6-10, that should rebound in the weeks ahead. Stocks to Buy: Wolverine World Wide (WWW)Source: Brubastos via Flickr (modified)Wolverine World Wide (NYSE:WWW), the Michigan-based maker of footwear brands such as Sperry, Keds, Hush Puppies, Saucony and many more, lost 16.4% during the week of May 6-10, erasing all of its gains for 2019. Down 9% year to date, WWW set a new 52-week low on Monday. Why such a downturn?Well, from everything I've read, except for weakness in its Sperry brand, the company's first-quarter results were more than adequate, with adjusted earnings per share of 49 cents, two cents higher than the analyst consensus, with revenues of $523.4 million, slightly lower than analyst expectations of $533 million. "Four of our top-five brands delivered revenue above plan during the quarter, including Merrell and Saucony, and our owned e-commerce business continued to be robust, growing 28% over the prior year," said Blake Krueger, Wolverine's CEO.With Wolverine expecting to generate adjusted earnings per share of at least $2.25 a share in 2019 combined with a 25% increase in the quarterly dividend, WWW is probably one of the best options of stocks that lost 10% or more last week. Gates Industrial (GTES)Source: Shutterstock Gates Industrial (NYSE:GTES), a manufacturer of power transmission and fluid power systems, lost 17.3% during the week of May 6-10. It is now down 3% year to date through May 13. Gates lost all of its momentum in 2019 by announcing Q1 2019 earnings May 7 that saw it miss on both the top and bottom line. Analysts were expecting earnings per share of 29 cents. It delivered a penny short. In terms of revenues, Gates had first-quarter sales of $804.9 million, 3.4% shy of the consensus estimate and 5.5% less than a year earlier. Analysts expect it to earn 36 cents on $884.20 million in revenue in the second quarter and $1.30 EPS and $3.42 billion in sales for the entire fiscal 2019. * 6 Trade War Stocks With a Lot of Risk With the 17.3% drop, GTES stock is now trading at 10 times its 2019 earnings, significantly lower than the S&P 500. Although I wouldn't bet nearly as much on Gates as I would Wolverine World Wide, I still see last week's significant decline as a buying opportunity. Magna International (MGA)Source: David Villareal Fernandez via Flickr (Modified)Auto parts manufacturer Magna International (NYSE:MGA) reported its first-quarter earnings results May 9 before the markets opened. Unfortunately for Magna shareholders, it reported revenues of $10.59 billion, 1.8% lower than a year earlier. On the bottom line, its earnings per share of $1.63, eight cents or 4.7% shy of analyst expectations and 21 cents lower than a year earlier. To make matters worse, Magna provided lower guidance for the rest of the year. It now expects a profit of between $1.9 billion and $2.1 billion in 2019, $200 million less at both the low and high ends of its earlier projection for the year. The lower guidance is the result of its change in its forecast for vehicle production in both North America and Europe. As a result of the bad news, Magna stock lost 13.6% on the week. Like the first two stocks, last week's losses have erased most of the company's 2019 gains. Despite the company's challenges in a very difficult production environment, CFO Vince Galifi stated that Magna should generate as much as $2 billion in free cash flow in 2019, higher than in 2018. Based on a current market cap of $14.8 billion, we're talking about a free cash flow yield of 13.7%, providing value investors with a very attractive stock to buy. Terex (TEX)Source: Shutterstock Terex (NYSE:TEX), a maker of lift and material processing machinery, wasn't a great investment over the past decade, delivering an annualized total return of 8.2%, almost half the return generated by the S&P 500. Last week, Terex stock lost 10.7% of its value, putting TEX stock down 28% over the past 52 weeks. Year to date, however, it's still up 8% despite the double-digit losses.Terex's business is doing a lot better than its share price would indicate. In Q1 2019, the company's revenues grew by 6% excluding currency to $1.1 billion. Meanwhile, its adjusted earnings per share were 87 cents, 53% higher than the consensus estimate. So, it beats on both revenues and profits and its stock drops by 10%. Blame that on President Trump. * 7 Dividend Stocks to Buy as the Trade War Reignites However, Terex's work to simplify its business appears to be paying off. In 2019, it expects revenues of $4.7 billion and earnings per share of $3.90-$4.20 a share; a forward P/E of 7.5. By exiting the mobile crane business, Terex's operating profits should move closer to double digits in 2019. Barring a recession in the next couple of years, Terex's earnings will continue to gather steam in the quarters ahead. ANGI Homeservices (ANGI)Source: Shutterstock ANGI Homeservices (NASDAQ:ANGI), the people behind Angie's List, HomeAdvisor, and several other home-related services, announced its Q1 2019 results May 8. While ANGI stock dropped 13.5% last week on the news, the results themselves were pretty good. On the top-line, revenues grew 19% during the quarter to $303.4 million. On the bottom line, it made money on a GAAP basis, generating $10 million in profits or 2 cents a share, while its operating loss dropped 66% year over year from $10.8 million to $3.6 million. So, even though it went from a net loss to a net profit in the first quarter, the fact that it missed the revenue estimate of $306.6 million by just $3.2 million says to me that investors severely overreacted to the miss providing investors with an excellent opportunity to buy on the dip. Furthermore, the company's HomeAdvisor and Handy businesses saw revenues increase by 33% during the quarter thanks to a 15% increase in service requests, a 14% increase in the number of paying service professionals, and a 16% increase in revenue per paying professional. If the company keeps pushing the first two numbers higher, you can bet the third number will also grow. For the entire 2019, it expects operating income of at least $105 million, and it also should generate positive free cash flow. Expect good things from ANGI in the second half of 2019 and into 2020. Focus Financial Partners (FOCS)Source: Shutterstock Focus Financial Partners (NASDAQ:FOCS) loss of 12.1% last week is more about investors taking profits than running for the exits. At least that's the case if you're talking about its performance in 2019.However, while it's up 27% year to date, it's flat to its July 2018 IPO price of $33. Focus went public below its pre-IPO marketing range of $35-$39. Often that means that investors are underwhelmed by the offering sending the share price lower. The reality is that Focus participates in an extremely competitive marketplace. The company admits this very fact in its 10-K:"The wealth management industry is very competitive, with competition based on a variety of factors, including the ability to attract and retain key wealth management professionals, investment performance, wealth management fee rates, the quality of services provided to clients, the depth and continuity of client relationships, adherence to the fiduciary standard and reputation."Focus's primary strength is acquiring and integrating wealth management advisory firms. In the past two years, it has made no less than 50 acquisitions, and 160 since its founding in 2006. With more than 5,000 potential targets in the U.S., Focus has plenty of work to do over the next 3-5 years to grow its business. * 7 Cloud Stocks to Buy on Overcast Days In the fourth quarter, Focus' organic growth was 7.7%, less than half its growth in Q4 2017. However, much of the decline was due to a market correction in December. That said, Investors should keep an eye on organic revenue because acquisitions can only hide slower growth for so long. Companhia Brasileira De Distribuicao (CBD)Source: Shutterstock Companhia Brasileira De Distribuicao (NYSE:CBD), Brazil's largest retail and distribution group, is more commonly known as GPA. It owns convenience stores, gas stations, supermarkets, furniture stores, retail malls, wholesale cash & carry, electronics, etc. In fiscal 2018, GPA had total revenue of $12.7 billion and $553 million in operating profits. Over the past four years, it's grown sales by 42% and operating profits by 17%. In Q1 2019, sales increased by 12% while adjusted EBITDA rose by 18%. Like most grocery retailers, it makes a little from a lot. Its net margin in the first quarter was 1.4%, 40 basis points higher than a year earlier. Controlled by Groupe Casino, who owns 37% of its stock, it is Assai, the company's cash & carry business that intrigues. The second-largest cash & carry business in Brazil, it accounts for almost half of GPA's food business. Overall, GPA has a 15% market share in the Brazilian retail food industry. While not everyone is going to want to own Latin American businesses, a little research will demonstrate that its stock's got staying power. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 7 Stocks to Buy that Lost 10% Last Week appeared first on InvestorPlace.

  • Gates Industrial Corporation plc (NYSE:GTES): What Are The Future Prospects?
    Simply Wall St.

    Gates Industrial Corporation plc (NYSE:GTES): What Are The Future Prospects?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In December 2018, Gates Industrial Corporation plc (NYSE:GTES) released its latest earnings announcem...

  • Gates Industrial Corporation plc (GTES) Q1 2019 Earnings Call Transcript
    Motley Fool

    Gates Industrial Corporation plc (GTES) Q1 2019 Earnings Call Transcript

    GTES earnings call for the period ending March 30, 2019.

  • Gates Industrial (GTES) Misses Q1 Earnings and Revenue Estimates
    Zacks

    Gates Industrial (GTES) Misses Q1 Earnings and Revenue Estimates

    Gates Industrial (GTES) delivered earnings and revenue surprises of -3.45% and -3.04%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    Gates Industrial: 1Q Earnings Snapshot

    The Denver-based company said it had net income of $2.08 per share. Earnings, adjusted for one-time gains and costs, were 28 cents per share. The manufacturer of power transmission and fluid power systems ...