FY2025 EPS Forecast for Gildan Activewear Reduced by Analyst

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - Equities researchers at Desjardins dropped their FY2025 EPS estimates for Gildan Activewear in a note issued to investors on Wednesday, April 30th. Desjardins analyst C. Li now expects that the company will post earnings per share of $4.70 for the year, down from their previous forecast of $4.97. Desjardins has a "Buy" rating and a $80.00 price objective on the stock. The consensus estimate for Gildan Activewear's current full-year earnings is $4.55 per share.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last posted its quarterly earnings data on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.82 by C$0.01. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%. During the same period in the previous year, the business posted $0.75 EPS.

Several other equities research analysts have also recently issued reports on the stock. UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. Barclays upgraded shares of Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. Finally, National Bankshares cut their price objective on shares of Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Gildan Activewear presently has a consensus rating of "Buy" and a consensus price target of C$64.00.

Gildan Activewear Price Performance

Shares of TSE:GIL traded up C$0.08 during trading on Monday, reaching C$64.72. The stock had a trading volume of 401,146 shares, compared to its average volume of 442,609. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. Gildan Activewear has a 1-year low of C$44.26 and a 1-year high of C$79.11. The stock has a market cap of C$7.03 billion, a PE ratio of 17.35, a PEG ratio of 4.55 and a beta of 1.64. The business has a fifty day moving average price of C$63.20 and a 200-day moving average price of C$67.77.

Insider Activity at Gildan Activewear

In other Gildan Activewear news, Senior Officer John Maness sold 1,661 shares of Gildan Activewear stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total value of C$114,234.28. Also, Senior Officer Michael Schroeder sold 4,299 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. In the last ninety days, insiders have sold 110,144 shares of company stock worth $8,568,586. Company insiders own 2.26% of the company's stock.

Gildan Activewear Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 20th. Gildan Activewear's payout ratio is 29.76%.

Gildan Activewear Company Profile

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.