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

Gates Industrial (NYSE:GTES) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 1.520-1.680 for the period, compared to the consensus EPS estimate of 1.590. The company issued revenue guidance of $3.5 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion.

Analysts Set New Price Targets

Several equities research analysts have commented on GTES shares. Barclays decreased their target price on shares of Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Royal Bank Of Canada restated an “outperform” rating and set a $31.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. Citigroup boosted their target price on shares of Gates Industrial from $27.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. UBS Group restated a “buy” rating and set a $33.00 target price on shares of Gates Industrial in a research report on Friday, February 13th. Finally, Robert W. Baird set a $39.00 price target on Gates Industrial in a research note on Friday, February 13th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Gates Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $30.36.

Gates Industrial Price Performance

Shares of NYSE:GTES opened at $25.68 on Friday. Gates Industrial has a 12 month low of $18.99 and a 12 month high of $28.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.37 and a quick ratio of 2.42. The business’s 50 day simple moving average is $24.57 and its 200-day simple moving average is $23.75. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 26.47 and a beta of 1.28.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. The business had revenue of $856.20 million for the quarter, compared to analyst estimates of $853.35 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, equities analysts forecast that Gates Industrial will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gates Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new stake in Gates Industrial in the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC lifted its stake in Gates Industrial by 51.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after buying an additional 539 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Gates Industrial by 273.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock valued at $67,000 after buying an additional 2,131 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Gates Industrial by 1,976.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the company’s stock valued at $68,000 after buying an additional 2,827 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Gates Industrial in the 3rd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

About Gates Industrial

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.