Equities Analysts Offer Predictions for GIL FY2025 Earnings

Gildan Activewear Inc. (NYSE:GIL - Free Report) TSE: GIL - Research analysts at Desjardins cut their FY2025 earnings per share (EPS) estimates for Gildan Activewear in a report released on Wednesday, April 30th. Desjardins analyst C. Li now expects that the textile maker will post earnings of $3.38 per share for the year, down from their prior estimate of $3.50. The consensus estimate for Gildan Activewear's current full-year earnings is $3.48 per share.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its earnings results on Tuesday, April 29th. The textile maker reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The company had revenue of $711.70 million during the quarter, compared to analysts' expectations of $715.29 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year.

A number of other analysts have also issued reports on GIL. UBS Group raised their target price on shares of Gildan Activewear from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Barclays started coverage on Gildan Activewear in a research report on Monday, April 28th. They issued an "overweight" rating and a $51.00 price objective for the company. Citigroup raised their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. TD Securities upped their price objective on shares of Gildan Activewear from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group increased their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $58.20.

Gildan Activewear Price Performance

GIL stock traded up $0.62 during trading on Monday, hitting $47.36. The stock had a trading volume of 346,051 shares, compared to its average volume of 675,168. Gildan Activewear has a 1-year low of $32.34 and a 1-year high of $55.39. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. The company's 50 day moving average price is $44.51 and its two-hundred day moving average price is $47.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.98 and a current ratio of 2.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd acquired a new position in Gildan Activewear during the 4th quarter valued at $28,000. Olde Wealth Management LLC acquired a new position in shares of Gildan Activewear in the 1st quarter worth approximately $29,000. Versant Capital Management Inc increased its stake in shares of Gildan Activewear by 510.7% in the first quarter. Versant Capital Management Inc now owns 745 shares of the textile maker's stock valued at $33,000 after buying an additional 623 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Gildan Activewear by 4,323.5% during the first quarter. GAMMA Investing LLC now owns 752 shares of the textile maker's stock valued at $33,000 after purchasing an additional 735 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Gildan Activewear by 61.8% during the fourth quarter. Fifth Third Bancorp now owns 872 shares of the textile maker's stock worth $41,000 after acquiring an additional 333 shares during the last quarter. 82.83% of the stock is owned by institutional investors.

Gildan Activewear Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is presently 34.75%.

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.