Gildan Activewear Inc. (TSE:GIL) Forecasted to Post FY2024 Earnings of $4.11 Per Share

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Gildan Activewear in a research note issued on Monday, April 15th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $4.11 for the year, up from their previous forecast of $4.02. 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 Q4 2024 earnings at $1.05 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.51 EPS.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data 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 company had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.02 billion. Gildan Activewear had a return on equity of 27.79% and a net margin of 16.70%.

Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of 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. National Bankshares raised their target price on shares of Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Desjardins raised their target price on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$47.00.

Gildan Activewear Trading Down 0.2 %

Shares of TSE:GIL opened at C$48.36 on Wednesday. Gildan Activewear has a 52-week low of C$36.42 and a 52-week high of C$52.80. The company has a market capitalization of C$8.16 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.62. The company has a 50-day simple moving average of C$48.10 and a 200 day simple moving average of C$45.43. The company has a debt-to-equity ratio of 55.97, a quick ratio of 0.87 and a current ratio of 2.33.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 8th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $1.10 annualized dividend and a yield of 2.27%. Gildan Activewear’s dividend payout ratio (DPR) is 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.