Wolfe Research downgraded Gates Industrial from Outperform to Peer Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/6/2024 | $19.00 | Equal-Weight | Morgan Stanley |
| 8/19/2024 | $20.00 → $22.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 3/8/2024 | $20.00 | Peer Perform → Outperform | Wolfe Research |
| 2/29/2024 | $21.00 | Buy | Jefferies |
| 2/22/2024 | $18.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 6/20/2023 | $14.50 | Buy → Neutral | Goldman |
| 2/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/11/2022 | $15.00 → $13.50 | Outperform → In-line | Evercore ISI |
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
DENVER, Nov. 4, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative, highly engineered power transmission and fluid power solutions, today announced that management will participate in fireside chats at the following upcoming investor conferences: The Baird Global Industrial Conference on Wednesday, November 13, 2024 at 4:05 p.m. Central time. Ivo Jurek, CEO will present.The Goldman Sachs Industrials & Materials Conference on Wednesday, December 4, 2024 at 2:00 p.m. Eastern time. Ivo Jurek, CEO and Brooks Mallard, CFO will pre
DENVER, Oct. 31, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES, ", Gates", or the ", Company", )) announced today the pricing of the previously announced secondary offering of 11,635,224 ordinary shares (the "Offering") by certain selling stockholders affiliated with Blackstone Inc. at a price to the public of $19.40 per share. The Offering is expected to close on November 5, 2024, subject to customary closing conditions. Gates is not offering any ordinary shares in the Offering and will not receive any proceeds from the sale of ordinary shares in the Offeri
DENVER, Oct. 31, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES, ", Gates", or the ", Company", )) announced today that certain selling stockholders affiliated with Blackstone Inc. have commenced a secondary offering of 11,635,224 of Gates' ordinary shares (the "Offering"). Gates is not offering any ordinary shares in the Offering and will not receive any proceeds from the sale of ordinary shares in the Offering. Goldman Sachs & Co. LLC is serving as the book-running manager for the Offering. The Company has filed a registration statement (including a prospec
Morgan Stanley initiated coverage of Gates Industrial with a rating of Equal-Weight and set a new price target of $19.00
RBC Capital Mkts upgraded Gates Industrial from Sector Perform to Outperform and set a new price target of $22.00 from $20.00 previously
Wolfe Research upgraded Gates Industrial from Peer Perform to Outperform and set a new price target of $20.00
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)
SC 13G/A - Gates Industrial Corp plc (0001718512) (Subject)
IRANNOTICE - Gates Industrial Corp plc (0001718512) (Filer)
424B5 - Gates Industrial Corp plc (0001718512) (Filer)
424B5 - Gates Industrial Corp plc (0001718512) (Filer)
As of July 17, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Gates Industrial Corporation PLC (NYSE:GTES) Gates Industrial is expected to issue its seco
Gates Industrial will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22.
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
4 - Gates Industrial Corp plc (0001718512) (Issuer)
NEW YORK, July 16, 2024 /PRNewswire/ -- S&P SmallCap 600 constituent Abercrombie & Fitch Co. (NYSE:ANF) will replace Equitrans Midstream Corp. (NYSE:ETRN) in the S&P MidCap 400, and Gates Industrial Corporation plc (NYSE:GTES) will replace Abercrombie & Fitch in the S&P SmallCap 600 effective prior to the opening of trading on Monday, July 22. S&P 500 constituent EQT Corp. (NYSE:EQT) is acquiring Equitrans Midstream in a deal expected to close soon, pending final closing conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 22, 2024 S&P MidCap 400
DENVER, June 17, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) is pleased to announce the appointment of John Patouhas as Senior Vice President & Chief Accounting Officer, effective today, Monday, June 17, 2024. John will be responsible for the strategic direction of Gates' accounting function, including financial reporting, risk, controls, and compliance in accordance with applicable standards, laws and regulations. "John brings significant manufacturing finance leadership experience to Gates and we look forward to the benefit of his background and expert
DENVER, March 11, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES), a global manufacturer of innovative and highly engineered power transmission and fluid power solutions, extends a reminder to investors, analysts and other stakeholders to join its Capital Markets Day on Monday, March 11, 2024, starting at 1:00 p.m. Eastern Time at The New York Stock Exchange (NYSE). At the event, CEO Ivo Jurek and CFO Brooks Mallard, along with other members of Gates's leadership team will update investors on the Company's strategic priorities, growth opportunities, business
DENVER, Oct. 30, 2024 /PRNewswire/ -- Third-Quarter 2024 Financial Summary Third-quarter net sales of $830.7 million, down 4.8% compared to the prior-year period and representing a core sales decline of 3.8% year-over-year.Net income attributable to shareholders of $47.6 million, or $0.18 per diluted share.Adjusted Net Income per diluted share of $0.33.Net income from continuing operations of $55.2 million, or a margin of 6.6%.Adjusted EBITDA of $182.5 million, or a margin of 22.0%.Generated $188.7 million of operating cash flow year to date, compared to $291.7 million in the
DENVER, Oct. 8, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its third-quarter earnings release before the market opens on Wednesday, October 30, 2024. Management will host a webcast and conference call on the same day at 11:00 a.m. Eastern time to discuss Gates Industrial's financial results. The conference call can be accessed as follows: By dialing (888) 414-4601 (domestic) or +1 (646) 960-0313 (international) and requesting the Gates Industrial Corporation Third-Quarter 2024 Earnings Conference Call or providing the Conference ID of 5772067.
DENVER, July 31, 2024 /PRNewswire/ -- Second-Quarter 2024 Financial Summary Second-quarter net sales of $885.5 million, down 5.4% compared to the prior-year period and representing a core sales decline of 4.0% year-over-year.Net income attributable to shareholders of $70.7 million, or $0.26 per diluted share.Adjusted Net Income per diluted share of $0.36.Net income from continuing operations of $77.9 million, or a margin of 8.8%.Adjusted EBITDA of $202.2 million, or a margin of 22.8%.Generated $72.8 million of operating cash flow year to date, compared to $183.9 million in the