Gildan Activewear (GIL) Scheduled to Post Quarterly Earnings on Thursday

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL will be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Gildan Activewear has set its FY24 guidance at $2.92-3.07 EPS and its FY 2024 guidance at 2.920-3.070 EPS.Investors interested in registering for the company's conference call can do so using this link.

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL last posted its quarterly earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. The business had revenue of $862.20 million for the quarter, compared to analysts' expectations of $851.10 million. During the same period in the prior year, the company posted $0.63 EPS. The business's revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect Gildan Activewear to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Gildan Activewear Price Performance

Shares of NYSE:GIL traded up $0.97 on Thursday, reaching $47.92. 544,123 shares of the company were exchanged, compared to its average volume of 715,982. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55. Gildan Activewear has a 1-year low of $27.24 and a 1-year high of $48.01. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. The company has a 50-day moving average of $45.70 and a 200-day moving average of $40.35.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 1.71%. Gildan Activewear's dividend payout ratio (DPR) is presently 27.70%.

Wall Street Analyst Weigh In

Several research firms recently commented on GIL. Stifel Nicolaus boosted their price objective on shares of Gildan Activewear from $51.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. TD Securities boosted their price objective on shares of Gildan Activewear from $50.00 to $56.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. BMO Capital Markets boosted their price objective on shares of Gildan Activewear from $43.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada boosted their price objective on shares of Gildan Activewear from $41.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.68.

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.