Gates Industrial (NYSE:GTES) Sets New 12-Month High Following Earnings Beat

Posted by Francis Steltz on Aug 3rd, 2026

Gates Industrial Corporation PLC (NYSE:GTES – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $29.24 and last traded at $29.3550, with a volume of 1995685 shares. The stock had previously closed at $27.98.

The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The business had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $927.28 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS.

Key Gates Industrial News

Here are the key news stories impacting Gates Industrial this week:

Positive Sentiment: Gates Industrial reported quarterly EPS of $0.44, exceeding the $0.42 consensus estimate, while revenue of $941.6 million topped expectations of $927.3 million and increased 6.6% year over year.
Positive Sentiment: The company raised its fiscal 2026 EPS guidance to $1.62–$1.70, above the current analyst consensus of approximately $1.53, signaling improved expectations for earnings growth. These Analysts Boost Their Forecasts On Gates Industrial After Better-Than-Expected Q2 Earnings
Positive Sentiment: JPMorgan raised its price target from $32 to $34 and assigned an “overweight” rating, implying roughly 16% upside based on the referenced share price.
Positive Sentiment: RBC lifted its target from $33 to $34 and upgraded or maintained an “outperform” view, also implying approximately 16% upside.
Positive Sentiment: Robert W. Baird increased its target from $37 to $39 and retained an “outperform” rating, representing the most optimistic forecast and implying nearly 33% upside.
Neutral Sentiment: Wells Fargo raised its target from $26 to $30 but kept an “equal weight” rating, indicating a more cautious view despite the improved valuation outlook. Benzinga analyst coverage

Analysts Set New Price Targets

A number of brokerages have recently commented on GTES. Wall Street Zen cut shares of Gates Industrial from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Royal Bank Of Canada boosted their target price on shares of Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Gates Industrial from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday. Citigroup lifted their price objective on shares of Gates Industrial from $33.00 to $35.00 and gave the company a “buy” rating in a report on Monday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $33.00 price objective on shares of Gates Industrial in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Read Our Latest Report on GTES

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Paradice Investment Management LLC lifted its holdings in Gates Industrial by 8.1% during the fourth quarter. Paradice Investment Management LLC now owns 1,292,301 shares of the company’s stock valued at $27,746,000 after purchasing an additional 97,382 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Gates Industrial by 46.7% during the fourth quarter. SG Americas Securities LLC now owns 70,186 shares of the company’s stock worth $1,507,000 after purchasing an additional 22,338 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of Gates Industrial during the fourth quarter worth about $68,614,000. Arrowstreet Capital Limited Partnership raised its position in shares of Gates Industrial by 62.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,251,585 shares of the company’s stock worth $50,908,000 after purchasing an additional 868,734 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Gates Industrial by 708.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 257,930 shares of the company’s stock worth $5,832,000 after purchasing an additional 226,012 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Gates Industrial Price Performance

The stock has a market capitalization of $7.46 billion, a PE ratio of 20.82 and a beta of 1.25. The stock’s 50 day moving average is $26.70 and its two-hundred day moving average is $25.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24.

Gates Industrial Company Profile

(Get Free Report)

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.