Stifel Canada Has Weak Estimate for TSE:GIL FY2025 Earnings

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - Equities research analysts at Stifel Canada lowered their FY2025 earnings per share estimates for Gildan Activewear in a research note issued to investors on Tuesday, April 29th. Stifel Canada analyst M. Landry now anticipates that the company will earn $4.92 per share for the year, down from their prior forecast of $4.97. The consensus estimate for Gildan Activewear's current full-year earnings is $4.55 per share. Stifel Canada also issued estimates for Gildan Activewear's FY2026 earnings at $5.56 EPS.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced 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 prior year, the company posted $0.75 earnings per share.

A number of other brokerages have also issued reports on GIL. Desjardins decreased their target price on shares of Gildan Activewear from C$87.00 to C$80.00 and set a "buy" rating for the company in a research note on Wednesday. National Bankshares reduced their price target on Gildan Activewear from C$83.00 to C$72.00 in a report on Monday, April 21st. UBS Group upgraded Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Finally, Barclays raised shares of Gildan Activewear to a "strong-buy" rating in a research report on Monday, April 28th. Four equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$64.00.

Gildan Activewear Stock Up 2.8 %

Shares of TSE GIL traded up C$1.76 during mid-day trading on Friday, reaching C$65.45. The company had a trading volume of 561,955 shares, compared to its average volume of 445,381. The stock has a fifty day moving average of C$63.71 and a two-hundred day moving average of C$67.78. Gildan Activewear has a 12-month low of C$44.26 and a 12-month high of C$79.11. The company has a market capitalization of C$7.11 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31.

Insider Activity

In other news, Senior Officer Michael Schroeder sold 4,184 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of C$74.31, for a total value of C$310,923.50. Following the completion of the sale, the insider now directly owns 51 shares of the company's stock, valued at approximately C$3,789.94. This represents a 98.80 % decrease in their ownership of the stock. Also, Senior Officer John Maness sold 1,661 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$68.77, for a total transaction of C$114,234.28. Insiders have sold a total of 110,144 shares of company stock valued at $8,568,586 over the last 90 days. 2.26% of the stock is currently owned by company insiders.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.226 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.90 annualized dividend and a yield of 1.38%. Gildan Activewear's dividend payout ratio (DPR) is presently 29.76%.

About Gildan Activewear

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.