Gildan Activewear (NYSE:GIL) Issues FY25 Earnings Guidance

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.38-$3.58 for the period, compared to the consensus estimate of $3.46. Gildan Activewear also updated its FY 2025 guidance to 3.380-3.580 EPS.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup increased their target price on Gildan Activewear from $59.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday. Canaccord Genuity Group increased their target price on Gildan Activewear from $52.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, November 1st. UBS Group increased their target price on Gildan Activewear from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday. TD Securities increased their target price on Gildan Activewear from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Thursday. Finally, CIBC increased 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gildan Activewear currently has an average rating of "Buy" and an average target price of $60.00.

Gildan Activewear Stock Down 1.7 %

Shares of NYSE GIL traded down $0.91 during mid-day trading on Friday, reaching $54.18. 541,031 shares of the company's stock were exchanged, compared to its average volume of 531,689. The firm has a market capitalization 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 has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $49.47 and a 200 day simple moving average of $47.54. Gildan Activewear has a twelve month low of $32.23 and a twelve month high of $55.39.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last released its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 27.49% and a net margin of 12.26%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. As a group, equities analysts expect that Gildan Activewear will post 3.44 EPS for the current fiscal year.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Wednesday, March 12th will be given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, March 12th. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.15. Gildan Activewear's dividend payout ratio (DPR) is currently 32.80%.

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.