Gildan Activewear (NYSE:GIL) Issues Earnings Results

Gildan Activewear (NYSE:GIL) (TSE:GIL) announced its quarterly earnings data on Wednesday. The textile maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.30), Zacks reports. Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. The company had revenue of $822.00 million during the quarter, compared to analyst estimates of $805.75 million. During the same quarter in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Gildan Activewear updated its FY 2025 guidance to 3.380-3.580 EPS and its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Price Performance

Gildan Activewear stock opened at $54.66 on Friday. Gildan Activewear has a 52 week low of $32.23 and a 52 week high of $55.39. The firm has a market capitalization of $8.31 billion, a PE ratio of 21.91, a P/E/G ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $49.47 and its 200 day simple moving average is $47.54.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.65%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 12th. Gildan Activewear’s payout ratio is presently 32.80%.

Analyst Ratings Changes

GIL has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on Gildan Activewear from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday. Citigroup increased their price target on shares of Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group lifted their price target on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, CIBC lifted their target price on Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $60.00.

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.