Gildan Activewear (GIL) Scheduled to Post Quarterly Earnings on Wednesday

Gildan Activewear (NYSE:GIL) (TSE:GIL) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Gildan Activewear has set its FY 2024 guidance at 2.920-3.070 EPS and its FY24 guidance at $2.92-3.07 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The firm had revenue of $782.70 million for the quarter, compared to analysts’ expectations of $753.35 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Gildan Activewear’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect Gildan Activewear to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Gildan Activewear Trading Up 2.3 %

Shares of NYSE GIL opened at $35.70 on Wednesday. The stock’s 50 day moving average price is $35.52 and its two-hundred day moving average price is $33.75. Gildan Activewear has a 52-week low of $26.98 and a 52-week high of $38.87. The stock has a market capitalization of $6.02 billion, a P/E ratio of 11.78, a PEG ratio of 1.33 and a beta of 1.38. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.39.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 12th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a dividend yield of 2.30%. Gildan Activewear’s dividend payout ratio is 27.06%.

Analyst Ratings Changes

GIL has been the subject of several recent research reports. Scotiabank upped their target price on Gildan Activewear from $39.50 to $40.50 and gave the company a “sector outperform” rating in a report on Friday, February 9th. Citigroup increased their price objective on Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. CIBC increased their price objective on Gildan Activewear from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus increased their price objective on Gildan Activewear from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Thursday, February 22nd. Finally, TD Securities increased their price target on Gildan Activewear from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Gildan Activewear Company Profile

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.