Gates Industrial (NYSE:GTES - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 1.360-1.520 for the period, compared to the consensus EPS 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 Price Performance
Shares of NYSE GTES traded up $0.01 during mid-day trading on Monday, reaching $22.58. The company had a trading volume of 2,046,771 shares, compared to its average volume of 2,313,067. Gates Industrial has a 1-year low of $12.41 and a 1-year high of $23.34. The stock has a market cap of $5.75 billion, a PE ratio of 30.92 and a beta of 1.37. The company has a current ratio of 3.02, a quick ratio of 2.11 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $21.02 and a two-hundred day moving average price of $19.31.
Gates Industrial (NYSE:GTES - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting 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 anticipate that Gates Industrial will post 1.4 earnings per share for the current year.
Analyst Upgrades and Downgrades
GTES has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Gates Industrial from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday. The Goldman Sachs Group raised their target price on Gates Industrial from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Citigroup dropped their price target on Gates Industrial from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. KeyCorp increased their price objective on Gates Industrial from $23.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Jefferies Financial Group lifted their target price on Gates Industrial from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.
View Our Latest Analysis on GTES
Gates Industrial Company Profile
(
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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.
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