Equities Analysts Offer Predictions for Gildan Activewear Inc.'s FY2024 Earnings (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL - Free Report) NYSE: GIL - National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Gildan Activewear in a note issued to investors on Tuesday, October 8th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.01 per share for the year, down from their prior forecast of $4.06. The consensus estimate for Gildan Activewear's current full-year earnings is $4.55 per share. National Bank Financial also issued estimates for Gildan Activewear's Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $1.25 EPS, Q3 2025 earnings at $1.29 EPS and FY2025 earnings at $4.53 EPS.

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last posted its quarterly earnings data on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping analysts' consensus estimates of C$0.99 by C$0.02. The company had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion. Gildan Activewear had a return on equity of 21.95% and a net margin of 13.01%.

A number of other equities analysts have also weighed in on the company. Citigroup upped their target price on Gildan Activewear from C$44.00 to C$54.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. TD Securities upped their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. National Bankshares upped their target price on Gildan Activewear from C$58.00 to C$68.00 in a research report on Wednesday. Desjardins upped their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets upgraded Gildan Activewear to a "strong-buy" rating in a report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Gildan Activewear presently has a consensus rating of "Buy" and an average price target of C$56.00.

Gildan Activewear Trading Up 2.2 %

GIL traded up C$1.38 during trading on Friday, hitting C$65.55. The company's stock had a trading volume of 338,464 shares, compared to its average volume of 360,495. Gildan Activewear has a twelve month low of C$37.78 and a twelve month high of C$65.67. The company has a quick ratio of 0.87, a current ratio of 2.35 and a debt-to-equity ratio of 72.52. The stock's fifty day moving average price is C$60.01 and its 200-day moving average price is C$53.71. The firm has a market capitalization of C$10.66 billion, a P/E ratio of 20.05, a PEG ratio of 4.55 and a beta of 1.64.

Insider Buying and Selling at Gildan Activewear

In other news, Senior Officer Rhodri Harries sold 32,500 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. In other news, Director Michener Chandlee acquired 1,196 shares of Gildan Activewear stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of C$40.85 per share, for a total transaction of C$48,856.60. Also, Senior Officer Rhodri Harries sold 32,500 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$61.20, for a total value of C$1,989,000.00. Insiders have sold a total of 101,620 shares of company stock valued at $4,870,471 in the last 90 days. Corporate insiders own 2.26% of the company's stock.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were issued a $0.28 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.12 annualized dividend and a dividend yield of 1.71%. This is a boost from Gildan Activewear's previous quarterly dividend of $0.28. Gildan Activewear's dividend payout ratio (DPR) is presently 33.94%.

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.