Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) posted its quarterly earnings data on Thursday. The textile maker reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03, Briefing.com reports. The business had revenue of $862.20 million during the quarter, compared to analyst estimates of $851.10 million. Gildan Activewear had a net margin of 16.14% and a return on equity of 24.00%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. Gildan Activewear updated its FY24 guidance to $2.92-3.07 EPS and its FY 2024 guidance to 2.920-3.070 EPS.
Gildan Activewear Stock Up 0.1 %
Shares of GIL stock traded up $0.05 on Friday, hitting $41.34. The stock had a trading volume of 974,579 shares, compared to its average volume of 762,144. Gildan Activewear has a 52-week low of $26.99 and a 52-week high of $42.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.92 and a current ratio of 2.38. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 13.97, a P/E/G ratio of 1.54 and a beta of 1.43. The stock’s 50 day moving average is $38.48 and its 200-day moving average is $36.02.
Gildan Activewear Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.82 annualized dividend and a dividend yield of 1.98%. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.70%.
Analyst Upgrades and Downgrades
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.
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