Gildan Activewear (GIL) to Release Earnings on Thursday

Gildan Activewear (TSE:GIL) (NYSE:GIL) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$1.15 per share for the quarter.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. The firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion.

Gildan Activewear Stock Performance

TSE GIL opened at C$65.00 on Thursday. Gildan Activewear has a 52-week low of C$37.78 and a 52-week high of C$66.30. The company has a fifty day moving average of C$61.69 and a 200-day moving average of C$54.67. The company has a market capitalization of C$10.57 billion, a P/E ratio of 19.88, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is currently 33.94%.

Wall Street Analyst Weigh In

Several analysts have weighed in on GIL shares. Desjardins boosted their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. TD Securities boosted their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup boosted their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, National Bankshares raised their target price on shares of Gildan Activewear from C$58.00 to C$68.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$56.00.

Insiders Place Their Bets

In related news, Senior Officer Benito Masi sold 50,000 shares of Gildan Activewear stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. In other Gildan Activewear news, Senior Officer Rhodri Harries sold 32,500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. Also, Senior Officer Benito Masi sold 50,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total value of C$2,077,495.00. Over the last 90 days, insiders sold 101,620 shares of company stock worth $4,870,471. 2.26% of the stock is owned by corporate insiders.

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.