Gildan Activewear (GIL) Scheduled to Post Earnings on Thursday

Gildan Activewear (NYSE:GIL) (TSE:GIL) will be posting its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Gildan Activewear to post 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.Investors that wish to register for the company’s conference call can do so using this link.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. The firm had revenue of $862.20 million during the quarter, compared to analysts’ expectations of $851.10 million. During the same period in the previous year, the company earned $0.63 earnings per share. The company’s revenue was up 2.6% 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 Stock Performance

Shares of GIL opened at $46.97 on Thursday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. The company’s fifty day moving average is $45.58 and its 200-day moving average is $40.30. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 0.55. Gildan Activewear has a 12 month low of $27.24 and a 12 month high of $48.01.

Gildan Activewear Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, August 22nd. Gildan Activewear’s payout ratio is 27.70%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GIL. Royal Bank of Canada upped their price target on Gildan Activewear from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Stifel Nicolaus upped their target price on Gildan Activewear from $51.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. TD Securities lifted their price target on shares of Gildan Activewear from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price objective on shares of Gildan Activewear from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gildan Activewear presently has a consensus rating of “Moderate Buy” and a consensus price target 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.