Gates Industrial (NYSE:GTES) Issues FY 2026 Earnings Guidance

Gates Industrial (NYSE:GTES) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 1.620-1.700 for the period, compared to the consensus earnings per share estimate of 1.620. The company issued revenue guidance of $3.5 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GTES shares. Morgan Stanley boosted their price objective on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Wolfe Research reissued an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a report on Thursday, July 9th. Wall Street Zen cut Gates Industrial from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Robert W. Baird lowered their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Gates Industrial from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Gates Industrial Stock Up 3.4%

Gates Industrial stock opened at $25.77 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 26.84 and a beta of 1.25. Gates Industrial has a 12-month low of $20.88 and a 12-month high of $29.17. The firm’s fifty day moving average is $26.63 and its 200 day moving average is $25.36. The company has a quick ratio of 2.66, a current ratio of 3.67 and a debt-to-equity ratio of 0.61.

Gates Industrial (NYSE:GTES) last released its quarterly earnings results on Friday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The company had revenue of $941.60 million for the quarter, compared to analyst estimates of $925.44 million. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, sell-side analysts predict that Gates Industrial will post 1.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Gates Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in shares of Gates Industrial in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC increased its position in shares of Gates Industrial by 51.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after acquiring an additional 539 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Gates Industrial by 273.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock worth $67,000 after acquiring an additional 2,131 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Gates Industrial by 1,976.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the company’s stock worth $68,000 after acquiring an additional 2,827 shares during the period. Finally, Quadrant Capital Group LLC purchased a new position in Gates Industrial in the third quarter worth $73,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Gates Industrial Company Profile

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.