Gates Industrial (GTES) Projected to Post Earnings on Wednesday

Gates Industrial (NYSE:GTES) is projected to announce its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $873.34 million for the quarter. Gates Industrial has set its FY 2025 guidance at 1.360-1.520 EPS.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $847.60 million during the quarter, compared to analysts’ expectations of $823.56 million. Gates Industrial had a net margin of 6.39% and a return on equity of 10.15%. Gates Industrial’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 earnings per share. On average, analysts expect Gates Industrial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gates Industrial Trading Up 1.3%

NYSE:GTES opened at $25.29 on Monday. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 30.84 and a beta of 1.22. The firm has a fifty day simple moving average of $22.81 and a two-hundred day simple moving average of $20.87. Gates Industrial has a 12 month low of $14.70 and a 12 month high of $25.32. The company has a current ratio of 3.33, a quick ratio of 2.35 and a debt-to-equity ratio of 0.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gates Industrial stock. Empowered Funds LLC purchased a new stake in shares of Gates Industrial Corporation PLC (NYSE:GTES) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,677 shares of the company’s stock, valued at approximately $381,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GTES has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of Gates Industrial from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Morgan Stanley lowered their price target on shares of Gates Industrial from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Citigroup upped their price objective on shares of Gates Industrial from $22.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen raised shares of Gates Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 12th. Finally, KeyCorp increased their price objective on shares of Gates Industrial from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Monday, June 9th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.44.

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.