Scotiabank Has Negative Outlook of TSE:GIL FY2026 Earnings

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - Investment analysts at Scotiabank lowered their FY2026 earnings per share estimates for shares of Gildan Activewear in a research report issued to clients and investors on Wednesday, May 6th. Scotiabank analyst J. Zamparo now forecasts that the company will post earnings per share of $5.72 for the year, down from their prior forecast of $5.79. The consensus estimate for Gildan Activewear's current full-year earnings is $4.55 per share. Scotiabank also issued estimates for Gildan Activewear's FY2027 earnings at $7.01 EPS.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.60 earnings per share (EPS) for the quarter. The firm had revenue of C$1.62 billion for the quarter. Gildan Activewear had a return on equity of 10.08% and a net margin of 6.14%.

Other analysts have also recently issued research reports about the stock. Desjardins increased their price target on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. TD Securities increased their price target on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Finally, National Bank Financial increased their price target on shares of Gildan Activewear from C$100.00 to C$101.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$88.00.

Gildan Activewear Stock Up 2.8%

Shares of TSE:GIL opened at C$83.62 on Thursday. The stock has a market cap of C$15.48 billion, a P/E ratio of 49.48, a P/E/G ratio of 4.55 and a beta of 1.62. The firm has a fifty day moving average price of C$81.96 and a 200 day moving average price of C$84.88. The company has a debt-to-equity ratio of 147.07, a current ratio of 2.35 and a quick ratio of 0.87. Gildan Activewear has a 1-year low of C$62.80 and a 1-year high of C$100.44.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be paid a $0.249 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 20th. Gildan Activewear's dividend payout ratio (DPR) is 54.85%.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.

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