What is Scotiabank's Forecast for TSE:GIL FY2026 Earnings?

Key Points

• Scotiabank raised Gildan Activewear’s FY2026 EPS forecast to $6.52 from $5.72, well above the $4.55 consensus estimate, and projects FY2027 EPS of $7.84.
• Analyst sentiment remains positive, with National Bank Financial and Desjardins raising price targets to C$107 and C$108, respectively; the stock carries a “Moderate Buy” consensus rating and an average target of C$89.50.
• Gildan reported quarterly revenue of C$1.13 billion and EPS of C$1.82, while declaring a quarterly dividend of $0.249, equivalent to a 1.2% annualized yield.

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - Research analysts at Scotiabank lifted their FY2026 EPS estimates for Gildan Activewear in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst J. Zamparo now forecasts that the company will post earnings per share of $6.52 for the year, up from their previous estimate of $5.72. 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 $7.84 EPS.

Several other research firms have also recently weighed in on GIL. National Bank Financial upped their price objective on Gildan Activewear from C$105.00 to C$107.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Desjardins set a C$108.00 price target on shares of Gildan Activewear and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Gildan Activewear has an average rating of "Moderate Buy" and a consensus target price of C$89.50.

Gildan Activewear Stock Up 0.2%

Gildan Activewear stock opened at C$81.60 on Friday. The stock has a market capitalization of C$15.11 billion, a PE ratio of 160.00, a price-to-earnings-growth ratio of 4.55 and a beta of 1.51. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. Gildan Activewear has a twelve month low of C$63.41 and a twelve month high of C$100.44. The company has a 50 day moving average of C$76.21 and a 200-day moving average of C$81.93.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last released its quarterly earnings results on Thursday, July 30th. The company reported C$1.82 EPS for the quarter. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%.The company had revenue of C$1.13 billion for the quarter.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, September 14th will be paid a $0.249 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 20th. Gildan Activewear's dividend payout ratio (DPR) is currently 186.27%.

Insiders Place Their Bets

In related news, Director Deepak Kumar Khandelwal purchased 5,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of C$79.80 per share, with a total value of C$399,000.00. Following the transaction, the director directly owned 5,000 shares of the company's stock, valued at C$399,000. This trade represents a ∞ increase in their ownership of the stock. 2.26% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source