With 1.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.83 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $21.02 whereas the lowest price it dropped to was $20.45. The 52-week range on GTES shows that it touched its highest point at $23.34 and its lowest point at $12.40 during that stretch. It currently has a 1-year price target of $24.82. Beta for the stock currently stands at 1.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GTES was up-trending over the past week, with a rise of 0.74%, but this was down by -10.38% over a month. Three-month performance surged to 17.63% while six-month performance rose 35.02%. The stock gained 56.27% in the past year, while it has lost -0.10% so far this year. A look at the trailing 12-month EPS for GTES yields 0.83 with Next year EPS estimates of 1.57. For the next quarter, that number is 0.33. This implies an EPS growth rate of -0.94% for this year and 16.59% for next year. EPS is expected to grow by 11.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.10%.
Float and Shares Shorts:
At present, 254.70 million GTES shares are outstanding with a float of 243.25 million shares on hand for trading. On 2024-12-13, short shares totaled 5.6 million, which was 219.99999999999997 higher than short shares on 1731628800. In addition to Mr. Ivo Jurek as the firm’s CEO & Director, Mr. L. Brooks Mallard C.F.A. serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 1.0414901 of GTES’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-28, GTES reported revenue of $830700000.0 and operating income of $116500000.0. The EBITDA in the recently reported quarter was $171300000.0 and diluted EPS was $0.18.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GTES since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GTES analysts setting a high price target of 28.0 and a low target of 22.0, the average target price over the next 12 months is 24.81818. Based on these targets, GTES could surge 36.25% to reach the target high and rise by 7.06% to reach the target low. Reaching the average price target will result in a growth of 20.77% from current levels.
Analysts have provided yearly estimates in a range of $1.35786 being high and $1.33648 being low. For GTES, this leads to a yearly average estimate of $1.34717.
