Gates Industrial (NYSE:GTES) Updates FY 2025 Earnings Guidance

Gates Industrial (NYSE:GTES) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.360-1.520 for the period, compared to the consensus estimate of 1.350. The company issued revenue guidance of $3.4 billion-$3.6 billion, compared to the consensus revenue estimate of $3.4 billion.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GTES. Barclays raised shares of Gates Industrial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $21.00 to $25.00 in a research note on Thursday, December 5th. Citigroup reduced their price objective on Gates Industrial from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lifted their target price on Gates Industrial from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on shares of Gates Industrial from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, KeyCorp lifted their price objective on shares of Gates Industrial from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Gates Industrial presently has an average rating of “Moderate Buy” and an average price target of $23.00.

Gates Industrial Stock Down 2.8 %

Shares of Gates Industrial stock traded down $0.66 on Friday, reaching $22.56. 3,420,688 shares of the company were exchanged, compared to its average volume of 2,294,777. Gates Industrial has a one year low of $12.40 and a one year high of $23.34. The company has a current ratio of 3.02, a quick ratio of 2.11 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $21.01 and a 200 day moving average of $19.25. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 27.18 and a beta of 1.37.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. Gates Industrial had a net margin of 6.43% and a return on equity of 9.94%. On average, equities research analysts forecast that Gates Industrial will post 1.26 earnings per share for the current year.

About Gates Industrial

Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.