Gildan Activewear (GIL) Projected to Post Earnings on Tuesday

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL is projected to release its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.57 per share and revenue of $715.29 million for the quarter. Gildan Activewear has set its FY 2025 guidance at 3.380-3.580 EPS and its FY25 guidance at $3.38-$3.58 EPS.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 28.80%. The business had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. During the same quarter last year, the company posted $0.75 EPS. The firm's revenue was up 5.0% on a year-over-year basis. On average, analysts expect Gildan Activewear to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Gildan Activewear Trading Down 0.9 %

GIL stock opened at $40.78 on Tuesday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. The company has a fifty day moving average price of $46.58 and a two-hundred day moving average price of $48.02. Gildan Activewear has a one year low of $32.23 and a one year high of $55.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.22 and a quick ratio of 0.98.

Gildan Activewear Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.226 per share. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.90 annualized dividend and a yield of 2.22%. Gildan Activewear's dividend payout ratio (DPR) is presently 36.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GIL. BMO Capital Markets upped their target price on Gildan Activewear from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Canaccord Genuity Group lifted their price target on shares of Gildan Activewear from $53.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. CIBC increased their target price on shares of Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, TD Securities lifted their price objective on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gildan Activewear presently has an average rating of "Buy" and an average price target of $60.00.

About Gildan Activewear

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.