Gildan Activewear (GIL) Scheduled to Post Quarterly Earnings on Wednesday

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Gildan Activewear has set its FY 2024 guidance at 2.920-3.070 EPS and its FY24 guidance at $2.92-3.07 EPS.Parties that wish to register for the company's conference call can do so using this link.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings data on Wednesday, February 21st. The textile maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The company had revenue of $782.70 million during the quarter, compared to analysts' expectations of $753.35 million. Gildan Activewear had a return on equity of 23.19% and a net margin of 16.70%. Gildan Activewear's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, analysts expect Gildan Activewear to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Gildan Activewear Stock Performance

Shares of GIL traded down $0.08 on Wednesday, reaching $35.64. 245,193 shares of the stock traded hands, compared to its average volume of 827,213. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 0.83. The stock's 50-day moving average price is $35.52 and its 200-day moving average price is $33.75. Gildan Activewear has a 12 month low of $26.98 and a 12 month high of $38.87. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.32 and a beta of 1.38.

Gildan Activewear Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Wednesday, March 13th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 12th. Gildan Activewear's dividend payout ratio (DPR) is presently 27.06%.

Analyst Ratings Changes

Several equities research analysts have issued reports on GIL shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $41.00 price target on shares of Gildan Activewear in a report on Monday, April 8th. TD Securities upped their price objective on shares of Gildan Activewear from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. Scotiabank raised their price objective on shares of Gildan Activewear from $39.50 to $40.50 and gave the company a "sector outperform" rating in a report on Friday, February 9th. Stifel Nicolaus lifted their target price on Gildan Activewear from $34.00 to $36.00 and gave the stock a "hold" rating in a report on Thursday, February 22nd. Finally, Citigroup lifted their price objective on Gildan Activewear from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.25.

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.