Gates Industrial (NYSE:GTES – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 1.620-1.700 for the period, compared to the consensus EPS 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.
Analysts Set New Price Targets
A number of research analysts have commented on GTES shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gates Industrial in a report on Monday, June 29th. Royal Bank Of Canada lifted their target price on Gates Industrial from $30.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Robert W. Baird decreased their price target on shares of Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Wall Street Zen lowered shares of Gates Industrial from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $33.00 price objective on shares of Gates Industrial in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.50.
Check Out Our Latest Stock Analysis on Gates Industrial
Gates Industrial Price Performance
Gates Industrial (NYSE:GTES – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $927.28 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. As a group, research analysts expect that Gates Industrial will post 1.53 EPS for the current fiscal year.
Gates Industrial News Roundup
Here are the key news stories impacting Gates Industrial this week:
- Positive Sentiment: Gates reported second-quarter sales of $941.6 million, up 6.6% year over year, with core sales increasing 4.9%. Revenue exceeded analyst expectations of approximately $925.4 million, indicating solid demand across the business. Gates Industrial Reports Second-Quarter 2026 Results
- Positive Sentiment: Adjusted earnings were $0.44 per share, above the $0.42 analyst consensus and up from $0.39 a year earlier. The company also reported $170.9 million of net income, or $0.67 per diluted share, under its reported accounting measure. Gates Industrial Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Gates raised or reaffirmed a favorable FY 2026 adjusted EPS outlook of $1.62 to $1.70, with the midpoint above the current consensus estimate of $1.62. This suggests management expects earnings momentum to continue. Gates Industrial Q2 2026 Earnings Call Transcript
- Neutral Sentiment: Full-year revenue guidance of $3.5 billion to $3.6 billion reaches the consensus estimate only at the upper end; the midpoint is modestly below expectations. Investors may therefore focus on whether stronger core sales can drive results toward the high end of the range. Gates Industrial Earnings Report
Institutional Investors Weigh In On Gates Industrial
Several institutional investors and hedge funds have recently bought and sold shares of GTES. Los Angeles Capital Management LLC bought a new position in Gates Industrial in the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock worth $34,000 after acquiring an additional 539 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Gates Industrial by 273.2% during the 2nd 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 boosted its position in shares of Gates Industrial by 1,976.9% during the 2nd 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 in the last quarter. Finally, Quadrant Capital Group LLC bought a new position in Gates Industrial in the third quarter valued at approximately $73,000. 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.
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