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

Gates Industrial (NYSE:GTES) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.360-1.520 for the period, compared to the consensus EPS 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 Analysts Forecast Growth

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

Gates Industrial Stock Down 2.8 %

Shares of GTES stock traded down $0.66 on Friday, reaching $22.56. 4,024,451 shares of the company were exchanged, compared to its average volume of 2,175,522. The company has a 50-day moving average of $21.01 and a 200-day moving average of $19.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.02 and a quick ratio of 2.11. Gates Industrial has a one year low of $12.40 and a one year high of $23.34. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 30.90 and a beta of 1.37.

Gates Industrial (NYSE:GTES) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Gates Industrial had a net margin of 5.72% and a return on equity of 9.65%. Analysts anticipate that Gates Industrial will post 1.4 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.