Gildan Activewear (NYSE:GIL) Releases FY 2025 Earnings Guidance

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.380-3.580 for the period, compared to the consensus earnings per share estimate of 3.480. The company issued revenue guidance of -. Gildan Activewear also updated its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Stock Down 1.7 %

Shares of NYSE GIL traded down $0.91 during trading hours on Friday, hitting $54.18. The stock had a trading volume of 496,411 shares, compared to its average volume of 525,423. The company has a market capitalization of $8.24 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.74 and a beta of 1.41. The firm's 50-day moving average price is $49.47 and its two-hundred day moving average price is $47.54. Gildan Activewear has a 52 week low of $32.23 and a 52 week high of $55.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last announced its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.30). The firm had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Analysts anticipate that Gildan Activewear will post 3.44 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.226 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.90 dividend on an annualized basis and a yield of 1.67%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio is presently 32.80%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GIL shares. Stifel Nicolaus upped their target price on Gildan Activewear from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday. TD Securities upped their target price on Gildan Activewear from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday. CIBC upped their target price on Gildan Activewear from $56.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday. Canaccord Genuity Group upped their target price on Gildan Activewear from $52.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Citigroup upped their price target on Gildan Activewear from $59.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $60.00.

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.