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

Gildan Activewear (NYSE:GIL) (TSE:GIL) is scheduled to issue 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 listening to the company’s conference call can do so using this link.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $782.70 million during the quarter, compared to analysts’ expectations of $753.35 million. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. 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 Price Performance

GIL opened at $35.70 on Wednesday. The stock’s 50-day moving average price is $35.52 and its 200 day moving average price is $33.75. Gildan Activewear has a 12-month low of $26.98 and a 12-month high of $38.87. The company has a current ratio of 2.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.33 and a beta of 1.38.

Gildan Activewear Increases Dividend

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

Wall Street Analysts Forecast Growth

GIL has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 target price on shares of Gildan Activewear in a research note on Monday, April 8th. Scotiabank increased their target price on Gildan Activewear from $39.50 to $40.50 and gave the stock a “sector outperform” rating in a research note on Friday, February 9th. Citigroup increased their target price on Gildan Activewear from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. CIBC increased their price target on Gildan Activewear from $38.00 to $41.00 and gave the company an “outperform” rating in a research 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 report on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Gildan Activewear currently has an average rating of “Moderate Buy” and a consensus target price of $41.25.

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.