Gildan Activewear (GIL) Set to Announce Earnings on Thursday

Gildan Activewear (NYSE:GIL) (TSE:GIL) will issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Gildan Activewear has set its FY24 guidance at $2.92-3.07 EPS and its FY 2024 guidance at 2.920-3.070 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 1st. The textile maker reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $862.20 million for the quarter, compared to analysts’ expectations of $851.10 million. Gildan Activewear had a return on equity of 24.96% and a net margin of 13.01%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. 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 0.6 %

GIL opened at $48.36 on Tuesday. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.78 and a beta of 1.43. The stock’s 50 day moving average price is $45.93 and its 200-day moving average price is $40.57. Gildan Activewear has a one year low of $27.61 and a one year high of $48.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.97 and a current ratio of 2.35.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.70%. Gildan Activewear’s dividend payout ratio is 27.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GIL shares. Royal Bank of Canada upped their target price on Gildan Activewear from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. TD Securities upped their target price on Gildan Activewear from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets upped their target price on Gildan Activewear from $43.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus upped their target price on Gildan Activewear from $51.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.68.

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.