Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's trading, 517 companies set new 52-week lows.
Morgan Stanley Maintains Equal-Weight on Gates Industrial Corp, Lowers Price Target to $11
Morgan Stanley analyst Joshua Pokrzywinski maintains Gates Industrial Corp (NYSE:GTES) with a Equal-Weight and lowers the price target from $13 to $11.
Analyst Ratings for Gates Industrial Corp
Within the last quarter, Gates Industrial Corp (NYSE:GTES) has observed the following analyst ratings:
Gates Industrial Corp’s Return On Invested Capital Overview
According to Benzinga Pro, during Q2, Gates Industrial Corp (NYSE:GTES) earned $59.10 million, a 58.45% increase from the preceding quarter. Gates Industrial Corp also posted a total of $906.80 million in sales, a 1.5% increase since Q1.
Evercore ISI Group Downgrades Gates Industrial Corp to In-Line, Lowers Price Target to $13.5
Evercore ISI Group analyst David Raso downgrades Gates Industrial Corp (NYSE:GTES) from Outperform to In-Line and lowers the price target from $15 to $13.5.
Gates Industrial Corp Q2 EPS $0.32 Beats $0.26 Estimate, Sales $906.80M Miss $912.06M Estimate
Gates Industrial Corp (NYSE:GTES) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.26 by 23.08 percent. This is a 23.81 percent decrease over earnings of $0.42 per share from
Earnings Scheduled For August 5, 2022
Companies Reporting Before The Bell
• Reservoir Media (NASDAQ:RSVR) is projected to report quarterly loss at $0.05 per share on revenue of $18.19 million.
Keybanc Maintains Overweight on Gates Industrial Corp, Lowers Price Target to $15
Keybanc analyst Steve Barger maintains Gates Industrial Corp (NYSE:GTES) with a Overweight and lowers the price target from $18 to $15.
Where Gates Industrial Corp Stands With Analysts
Within the last quarter, Gates Industrial Corp (NYSE:GTES) has observed the following analyst ratings: