Wells Fargo has initiated coverage on Gates Industrial Corporation PLC (GTES) with an Equal-Weight rating, reflecting the firm's initial assessment of the company. As of November 13, 2025, GTES trades at $22.07.
Gates Industrial, headquartered in Denver, Colorado, specializes in engineered power transmission and fluid solutions. The company operates within the machinery industry, employing approximately 14,100 full-time workers. Its offerings include a range of products for both replacement channel customers and original equipment manufacturers.
The company has a market capitalization of $5.6 billion and a trailing twelve months (TTM) price-to-earnings (P/E) ratio of 23.75, with earnings per share (EPS) at 0.91. Upcoming earnings reports are anticipated on July 27, 2026, with an estimated EPS of $0.45 and revenue of $940.7 million, and on April 27, 2026, with an estimated EPS of $0.37 and revenue of $897.2 million.
Analyst ratings, such as this Equal-Weight designation, provide insights based on research and financial models but should not be the sole basis for investment decisions. The current analyst consensus for GTES includes 6 Strong Buy, 8 Buy, and 3 Hold ratings, indicating a general positive outlook among analysts.
This update provides insight into the evolving landscape of analyst coverage for Gates Industrial Corporation PLC as it continues to navigate its market position in the machinery sector.