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

Gates Industrial (NYSE:GTES) issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

Gates Industrial Stock Down 2.8 %

Shares of NYSE GTES traded down $0.66 during mid-day trading on Friday, hitting $22.56. The company had a trading volume of 4,024,451 shares, compared to its average volume of 2,175,522. The company has a market capitalization of $5.75 billion, a PE ratio of 30.90 and a beta of 1.37. The firm has a 50-day simple moving average of $21.01 and a two-hundred day simple moving average of $19.25. The company has a current ratio of 3.02, a quick ratio of 2.11 and a debt-to-equity ratio of 0.70. Gates Industrial has a one year low of $12.40 and a one year high of $23.34.

Gates Industrial (NYSE:GTES) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Gates Industrial had a return on equity of 9.65% and a net margin of 5.72%. On average, equities analysts expect that Gates Industrial will post 1.4 EPS for the current year.

Analyst Ratings Changes

GTES has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Gates Industrial from $21.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group raised their target price 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. Royal Bank of Canada raised their target price on shares of Gates Industrial from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup cut their target price on shares of Gates Industrial from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Barclays upgraded shares of Gates Industrial from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $21.00 to $25.00 in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Gates Industrial has an average rating of “Moderate Buy” and an average target price of $23.00.

Gates Industrial Company Profile

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.