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As of close of business last night, Gates Industrial Corporation plc’s stock clocked out at $16.43, down -6.75% from its previous closing price of $17.62. In other words, the price has decreased by -$6.75 from its previous closing price. On the day, 7.21 million shares were traded. GTES stock price reached its highest trading level at $17.35 during the session, while it also had its lowest trading level at $15.59.
Ratios:
To gain a deeper understanding of GTES’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.34. For the most recent quarter (mrq), Quick Ratio is recorded 2.25 and its Current Ratio is at 3.08. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.78.
On February 29, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $21.
KeyBanc Capital Markets Upgraded its Sector Weight to Overweight on February 22, 2024, while the target price for the stock was maintained at $18.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 ’24 when Neely Wilson S bought 50,000 shares for $14.55 per share. The transaction valued at 727,500 led to the insider holds 106,664 shares of the business.
Neely Wilson S bought 10,000 shares of GTES for $132,400 on Feb 20 ’24. The Director now owns 56,664 shares after completing the transaction at $13.24 per share. On Feb 16 ’24, another insider, SIMPKINS NEIL P, who serves as the Director of the company, bought 1,000,000 shares for $12.20 each. As a result, the insider paid 12,200,000 and bolstered with 1,000,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTES now has a Market Capitalization of 4292961792 and an Enterprise Value of 6871263232. As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.22, and their Forward P/E ratio for the next fiscal year is 9.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 1.925 whereas that against EBITDA is 9.837.
Stock Price History:
The Beta on a monthly basis for GTES is 1.54, which has changed by 0.19404066 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, GTES has reached a high of $17.99, while it has fallen to a 52-week low of $10.68. The 50-Day Moving Average of the stock is -1.46%, while the 200-Day Moving Average is calculated to be 22.83%.
Shares Statistics:
It appears that GTES traded 3.03M shares on average per day over the past three months and 2362610 shares per day over the past ten days. A total of 264.26M shares are outstanding, with a floating share count of 189.57M. Insiders hold about 28.27% of the company’s shares, while institutions hold 64.69% stake in the company. Shares short for GTES as of 1713139200 were 8396393 with a Short Ratio of 2.77, compared to 1710460800 on 7251646. Therefore, it implies a Short% of Shares Outstanding of 8396393 and a Short% of Float of 10.41.
Earnings Estimates
The firm’s stock currently is rated by 10.0 analysts. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.29, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.36, with high estimates of $0.4 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.45 and $1.34 for the fiscal current year, implying an average EPS of $1.42. EPS for the following year is $1.67, with 10.0 analysts recommending between $1.79 and $1.53.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $870.27M. It ranges from a high estimate of $879.48M to a low estimate of $866M. As of the current estimate, Gates Industrial Corporation plc’s year-ago sales were $897.7MFor the next quarter, 9 analysts are estimating revenue of $914.07M. There is a high estimate of $938.66M for the next quarter, whereas the lowest estimate is $895.22M.
A total of 9 analysts have provided revenue estimates for GTES’s current fiscal year. The highest revenue estimate was $3.62B, while the lowest revenue estimate was $3.52B, resulting in an average revenue estimate of $3.56B. In the same quarter a year ago, actual revenue was $3.57BBased on 9 analysts’ estimates, the company’s revenue will be $3.74B in the next fiscal year. The high estimate is $3.8B and the low estimate is $3.69B.
