Q1 2024 EPS Estimates for Gildan Activewear Inc. Boosted by Analyst (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Stock analysts at National Bank Financial lifted their Q1 2024 earnings per share (EPS) estimates for shares of Gildan Activewear in a research note issued to investors on Monday, April 15th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $0.74 per share for the quarter, up from their prior estimate of $0.72. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for Gildan Activewear’s Q2 2024 earnings at $1.13 EPS and Q3 2024 earnings at $1.20 EPS.

A number of other research analysts also recently commented on the company. Desjardins increased their price objective on Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Royal Bank of Canada raised their price target on Gildan Activewear from C$39.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, National Bankshares raised their price target on Gildan Activewear from C$52.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and a consensus target price of C$47.00.

Gildan Activewear Trading Down 0.2 %

GIL opened at C$48.36 on Thursday. Gildan Activewear has a one year low of C$36.42 and a one year high of C$52.80. The company has a market cap of C$8.16 billion, a P/E ratio of 11.74, a PEG ratio of 2.70 and a beta of 1.62. The company has a debt-to-equity ratio of 55.97, a quick ratio of 0.87 and a current ratio of 2.33. The business’s 50-day simple moving average is C$48.10 and its 200-day simple moving average is C$45.43.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. Gildan Activewear had a return on equity of 27.79% and a net margin of 16.70%. The business had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.02 billion.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s dividend payout ratio (DPR) is currently 26.70%.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.