Gates Industrial (NYSE:GTES - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $833.32 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Shares of GTES opened at $20.81 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.11 and a current ratio of 3.02. The company has a 50-day simple moving average of $20.99 and a 200-day simple moving average of $19.22. Gates Industrial has a 52 week low of $12.40 and a 52 week high of $23.34. The firm has a market capitalization of $5.30 billion, a P/E ratio of 25.07 and a beta of 1.37.
Several research firms recently issued reports on GTES. Royal Bank of Canada increased their price target on shares of Gates Industrial from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Jefferies Financial Group increased their target price on Gates Industrial from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Barclays raised Gates Industrial from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $21.00 to $25.00 in a research note on Thursday, December 5th. KeyCorp increased their price objective on Gates Industrial from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Gates Industrial from $21.00 to $24.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.50.
Check Out Our Latest Research Report on Gates Industrial
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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