Gates Industrial: New IPO Has Value, But Better Buying Opportunities Are Likely [Seeking Alpha]
Gates Industrial Corporation plc Ordinary Shares (GTES)
Last gates industrial corporation plc ordinary shares earnings: 2/4 04:10 pm
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US:NYSE Investor Relations:
gates.com/about-us/investor-relations
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Source: Seeking Alpha
Gates Industrial: New IPO Has Value, But Better Buying Opportunities Are LikelySummaryGates Industrial is a fresh industrial IPO, pushed by Blackstone a few years after being taken private.The Gates brand has a stellar reputation, which has allowed it to build substantial value in the eyes of commercial consumers in particular.Sales should remain healthy even in the face of sell-offs; if equipment is being run, buyers need replacement parts on hand. This is not maintenance that can be put off.As Blackstone winds down its stake, buying opportunities might emerge even as the balance sheet is cleaned up via free cash flow.
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News
- With 69% ownership, Gates Industrial Corporation plc (NYSE:GTES) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Does Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate? [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Corp PLC (NYSE: GTES) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $16.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Gates Industrial Announces First-Quarter 2024 Earnings Release Date [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Announces First-Quarter 2024 Earnings Release DatePR Newswire
GTES
Earnings
- 2/8/24 - Beat
GTES
Sec Filings
- 4/15/24 - Form PRE
- 3/28/24 - Form 8-K
- 3/14/24 - Form 4
- GTES's page on the SEC website