Gildan Activewear (NYSE:GIL) Posts Earnings Results, Misses Estimates By $0.30 EPS

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL posted its quarterly earnings data on Wednesday. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30), Zacks reports. Gildan Activewear had a return on equity of 27.49% and a net margin of 12.26%. The business had revenue of $822.00 million during the quarter, compared to the consensus estimate of $805.75 million. During the same period last year, the business posted $0.75 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. Gildan Activewear updated its FY 2025 guidance to 3.380-3.580 EPS and its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Stock Performance

Shares of NYSE:GIL traded down $0.91 during mid-day trading on Friday, reaching $54.18. The company had a trading volume of 496,411 shares, compared to its average volume of 525,423. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.74 and a beta of 1.41. The company's 50-day moving average price is $49.47 and its 200-day moving average price is $47.54. Gildan Activewear has a one year low of $32.23 and a one year high of $55.39.

Gildan Activewear Increases Dividend

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

Analyst Ratings Changes

GIL has been the subject of several research reports. CIBC raised their target price on Gildan Activewear from $56.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday. Stifel Nicolaus raised their target price on Gildan Activewear from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group lifted their price target on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday. TD Securities lifted their price target on Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Citigroup lifted their price target on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.