Q4 2024 Earnings Forecast for Gildan Activewear Inc. (TSE:GIL) Issued By National Bank Financial

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Stock analysts at National Bank Financial increased their Q4 2024 earnings per share (EPS) estimates for shares of Gildan Activewear in a report issued on Wednesday, May 1st. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $1.06 for the quarter, up from their prior forecast of $1.05. 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 2025 earnings at $1.29 EPS and Q4 2025 earnings at $1.17 EPS.

Several other brokerages also recently issued reports on GIL. National Bankshares upped their target price on shares of 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. Royal Bank of Canada increased their target price on Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Desjardins lifted their target price on Gildan Activewear from C$53.00 to C$55.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$47.00.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$45.30 on Friday. 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 company has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 2.70 and a beta of 1.62. Gildan Activewear has a one year low of C$36.42 and a one year high of C$52.80. The company’s 50-day moving average is C$48.32 and its 200 day moving average is C$46.14.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.99 by C$0.03. The firm had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.02 billion. Gildan Activewear had a return on equity of 27.79% and a net margin of 16.70%.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.277 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $1.11 annualized dividend and a yield of 2.45%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. Gildan Activewear’s payout ratio is currently 26.70%.

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.