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In the latest session, Gates Industrial Corporation plc (NYSE: GTES) closed at $15.69 up 1.29% from its previous closing price of $15.49. In other words, the price has increased by $1.29 from its previous closing price. On the day, 1.19 million shares were traded. GTES stock price reached its highest trading level at $15.73 during the session, while it also had its lowest trading level at $15.47.
Ratios:
For a deeper understanding of Gates Industrial Corporation plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.98. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 3.06. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.76.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 21 ’24 when Blackstone Inc. sold 20,125,000 shares for $16.33 per share. The transaction valued at 328,641,250 led to the insider holds 77,326 shares of the business.
Omaha Aggregator (Cayman) L.P. sold 20,125,000 shares of GTES for $328,641,250 on May 21 ’24. The 10% Owner now owns 77,326 shares after completing the transaction at $16.33 per share. On May 21 ’24, another insider, BX GATES ML-1 HOLDCO LLC, who serves as the 10% Owner of the company, sold 20,125,000 shares for $16.33 each. As a result, the insider received 328,641,250 and left with 77,326 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 4101052160 and an Enterprise Value of 6332056064. As of this moment, Gates’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.21, and their Forward P/E ratio for the next fiscal year is 9.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 1.791 whereas that against EBITDA is 8.89.
Stock Price History:
The Beta on a monthly basis for GTES is 1.45, which has changed by 0.20971477 over the last 52 weeks, in comparison to a change of 0.25510752 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 -6.40%, while the 200-Day Moving Average is calculated to be 9.91%.
Shares Statistics:
For the past three months, GTES has traded an average of 2.65M shares per day and 3055110 over the past ten days. A total of 264.26M shares are outstanding, with a floating share count of 207.09M. Insiders hold about 20.77% of the company’s shares, while institutions hold 75.28% stake in the company. Shares short for GTES as of 1718323200 were 10521251 with a Short Ratio of 3.97, compared to 1715731200 on 9640734. Therefore, it implies a Short% of Shares Outstanding of 10521251 and a Short% of Float of 5.6199998.
Earnings Estimates
The stock of Gates Industrial Corporation plc (GTES) is currently being evaluated by 10.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.36 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.35, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.36, with high estimates of $0.39 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.43 and $1.37 for the fiscal current year, implying an average EPS of $1.4. EPS for the following year is $1.66, with 10.0 analysts recommending between $1.83 and $1.55.
Revenue Estimates
A total of 9 analysts believe the company’s revenue will be $898.67M this quarter.It ranges from a high estimate of $903.17M to a low estimate of $894M. As of the current estimate, Gates Industrial Corporation plc’s year-ago sales were $936.3MFor the next quarter, 9 analysts are estimating revenue of $880.87M. There is a high estimate of $900.4M for the next quarter, whereas the lowest estimate is $853.99M.
A total of 9 analysts have provided revenue estimates for GTES’s current fiscal year. The highest revenue estimate was $3.57B, while the lowest revenue estimate was $3.49B, resulting in an average revenue estimate of $3.53B. In the same quarter a year ago, actual revenue was $3.57BBased on 9 analysts’ estimates, the company’s revenue will be $3.69B in the next fiscal year. The high estimate is $3.79B and the low estimate is $3.61B.
