A new trading day began on Friday, with Gates Industrial Corporation plc (NYSE: GTES) stock price down -2.10% from the previous day of trading, before settling in for the closing price of $16.67. GTES’s price has ranged from $10.68 to $19.07 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 1.97% over the last five years. Meanwhile, its annual earnings per share averaged -3.45%. With a float of $256.01 million, this company’s outstanding shares have now reached $264.26 million.
The firm has a total of 14700 workers. Let’s measure their productivity. In terms of profitability, gross margin is 39.37%, operating margin of 14.52%, and the pretax margin is 9.45%.
Gates Industrial Corporation plc (GTES) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Gates Industrial Corporation plc is 9.09%, while institutional ownership is 79.27%. The most recent insider transaction that took place on Aug 21 ’24, was worth 200,794. In this transaction Director of this company bought 11,952 shares at a rate of $16.80, taking the stock ownership to the 6,000 shares. Before that another transaction happened on Aug 21 ’24, when Company’s 10% Owner sold 30,539,203 for $16.58, making the entire transaction worth $506,339,986. This insider now owns 31,805 shares in total.
Gates Industrial Corporation plc (GTES) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.35 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.00% during the next five years compared to 0.10% growth over the previous five years of trading.
Gates Industrial Corporation plc (NYSE: GTES) Trading Performance Indicators
Here are Gates Industrial Corporation plc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.32. Likewise, its price to free cash flow for the trailing twelve months is 15.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.95, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.56 in one year’s time.
Technical Analysis of Gates Industrial Corporation plc (GTES)
Analysing the last 5-days average volume posted by the [Gates Industrial Corporation plc, GTES], we can find that recorded value of 2.1 million was lower than the volume posted last year of 3.16 million. As of the previous 9 days, the stock’s Stochastic %D was 15.84%. Additionally, its Average True Range was 0.54.
During the past 100 days, Gates Industrial Corporation plc’s (GTES) raw stochastic average was set at 30.03%, which indicates a significant increase from 3.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.61% in the past 14 days, which was lower than the 31.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.88, while its 200-day Moving Average is $15.57. Now, the first resistance to watch is $16.79. This is followed by the second major resistance level at $17.25. The third major resistance level sits at $17.53. If the price goes on to break the first support level at $16.05, it is likely to go to the next support level at $15.77. Should the price break the second support level, the third support level stands at $15.31.
Gates Industrial Corporation plc (NYSE: GTES) Key Stats
With a market capitalization of 4.60 billion, the company has a total of 261,380K Shares Outstanding. Currently, annual sales are 3,570 M while annual income is 232,900 K. The company’s previous quarter sales were 885,500 K while its latest quarter income was 70,700 K.
