As on May 24, 2023, Gates Industrial Corporation plc (NYSE: GTES) started slowly as it slid -1.04% to $11.41. During the day, the stock rose to $11.575 and sunk to $11.235 before settling in for the price of $11.53 at the close. Taking a more long-term approach, GTES posted a 52-week range of $9.40-$14.93.
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The Industrials Sector giants’ yearly sales growth during the last 5-year period was 3.20%. Meanwhile, its Annual Earning per share during the time was 42.80%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -23.00%. This publicly-traded company’s shares outstanding now amounts to $283.52 million, simultaneously with a float of $281.58 million. The organization now has a market capitalization sitting at $3.25 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.20, while the 200-day Moving Average is $12.17.
Let’s gauge the efficiency of the firm, which has a total of 15000 employees. It has generated 236,947 per worker during the last fiscal year. Meanwhile, its income per employee was 14,747. The stock had 4.59 Receivables turnover and 0.48 Total Asset turnover. For the Profitability, stocks gross margin was +35.25, operating margin was +11.06 and Pretax Margin of +7.25.
Gates Industrial Corporation plc (GTES) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Specialty Industrial Machinery industry. Gates Industrial Corporation plc’s current insider ownership accounts for 0.36%, in contrast to 101.57% institutional ownership. According to the most recent insider trade that took place on Aug 30, this organization’s Director bought 3,000 shares at the rate of 10.84, making the entire transaction reach 32,505 in total value, affecting insider ownership by 37,103.
Gates Industrial Corporation plc (GTES) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.25 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.26) by -$0.01. This company achieved a net margin of +6.22 while generating a return on equity of 7.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
Gates Industrial Corporation plc’s EPS decrease for this current 12-month fiscal period is -23.00% and is forecasted to reach 1.35 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 9.30% through the next 5 years, which can be compared against the 42.80% growth it accomplished over the previous five years trading on the market.
Gates Industrial Corporation plc (NYSE: GTES) Trading Performance Indicators
Let’s observe the current performance indicators for Gates Industrial Corporation plc (GTES). It’s Quick Ratio in the last reported quarter now stands at 2.30. The Stock has managed to achieve an average true range (ATR) of 0.43. Alongside those numbers, its PE Ratio stands at $15.03, and its Beta score is 1.55. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.91. Similarly, its price to free cash flow for trailing twelve months is now 9.55.
In the same vein, GTES’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.76, a figure that is expected to reach 0.32 in the next quarter, and analysts are predicting that it will be 1.35 at the market close of one year from today.
Technical Analysis of Gates Industrial Corporation plc (GTES)
Through scrutinizing the latest numbers posted by the [Gates Industrial Corporation plc, GTES], it can be observed that its last 5-days Average volume of 9.49 million was better the volume of 1.16 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 10.90% While, its Average True Range was 0.45.
Raw Stochastic average of Gates Industrial Corporation plc (GTES) in the period of the previous 100 days is set at 4.74%, which indicates a major fall in contrast to 5.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 42.15% that was higher than 30.80% volatility it exhibited in the past 100-days period.