Gates Industrial (NYSE:GTES) Issues FY 2026 Earnings Guidance

Gates Industrial (NYSE:GTES) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.520-1.680 for the period, compared to the consensus EPS estimate of 1.560. The company issued revenue guidance of $3.5 billion-$3.6 billion, compared to the consensus revenue estimate of $3.5 billion.

Gates Industrial Trading Up 4.0%

Shares of NYSE:GTES traded up $1.05 during trading on Thursday, reaching $27.56. The stock had a trading volume of 2,284,149 shares, compared to its average volume of 2,539,192. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.50 and a current ratio of 3.52. The firm’s fifty day moving average is $22.86 and its 200 day moving average is $23.80. Gates Industrial has a 52 week low of $14.70 and a 52 week high of $28.13. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 30.32 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, December 29th. UBS Group dropped their target price on Gates Industrial from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Citigroup reaffirmed a “buy” rating on shares of Gates Industrial in a research report on Monday, January 12th. JPMorgan Chase & Co. dropped their price target on Gates Industrial from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 16th. Finally, Wall Street Zen lowered shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.09.

Hedge Funds Weigh In On Gates Industrial

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Gates Industrial by 98.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock valued at $179,775,000 after purchasing an additional 4,158,341 shares during the period. Invesco Ltd. grew its position in Gates Industrial by 3.0% during the third quarter. Invesco Ltd. now owns 7,861,494 shares of the company’s stock worth $195,122,000 after buying an additional 226,075 shares in the last quarter. State Street Corp increased its stake in Gates Industrial by 2.4% in the 2nd quarter. State Street Corp now owns 7,346,884 shares of the company’s stock worth $169,199,000 after acquiring an additional 170,597 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Gates Industrial by 13.2% in the 2nd quarter. AQR Capital Management LLC now owns 3,419,894 shares of the company’s stock valued at $78,692,000 after acquiring an additional 397,702 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Gates Industrial by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,980,774 shares of the company’s stock valued at $68,647,000 after acquiring an additional 404,916 shares during the last quarter. Hedge funds and other 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.