Analysts Offer Predictions for Gildan Activewear Inc.'s FY2024 Earnings (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - Research analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Gildan Activewear in a research note issued to investors on Monday, April 15th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $4.11 per share for the year, up from their prior 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.

Several other equities analysts have also issued reports on GIL. Royal Bank of Canada upped their target price on Gildan Activewear from C$39.00 to C$41.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. National Bankshares upped their target price on Gildan Activewear from C$52.00 to C$58.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. Finally, Desjardins upped their target price on Gildan Activewear from C$53.00 to C$55.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$47.00.

Gildan Activewear Stock Performance

Shares of GIL stock traded down C$1.24 during trading on Wednesday, hitting C$48.48. The company's stock had a trading volume of 206,051 shares, compared to its average volume of 343,410. The company has a market cap of C$8.18 billion, a PE ratio of 11.77, a P/E/G ratio of 2.70 and a beta of 1.62. The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 55.97. The business has a fifty day moving average of C$48.04 and a 200-day moving average of C$45.41. Gildan Activewear has a 52 week low of C$36.42 and a 52 week high of C$52.80.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.02 EPS for the quarter, topping analysts' consensus estimates of C$0.99 by C$0.03. The firm had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.02 billion. Gildan Activewear had a return on equity of 27.79% and a net margin of 16.70%.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were paid a $0.275 dividend. This is an increase from Gildan Activewear's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.10 annualized dividend and a yield of 2.27%. Gildan Activewear's dividend payout ratio is presently 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.