Gildan Activewear (GIL) Set to Announce Quarterly Earnings on Thursday

Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL will release its earnings data before the market opens on Thursday, October 31st. Analysts expect Gildan Activewear to post earnings of C$1.15 per share for the quarter.

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

Gildan Activewear Trading Up 2.2 %

Shares of TSE GIL traded up C$1.40 during mid-day trading on Thursday, hitting C$66.40. 522,901 shares of the company traded hands, compared to its average volume of 359,893. Gildan Activewear has a 1 year low of C$37.78 and a 1 year high of C$66.46. The stock has a market capitalization of C$10.80 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.55 and a beta of 1.64. 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 business has a 50 day moving average of C$61.88 and a two-hundred day moving average of C$54.78.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.69%. This is a positive change from Gildan Activewear's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 22nd. Gildan Activewear's payout ratio is presently 33.94%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GIL shares. TD Securities increased their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. BMO Capital Markets upgraded Gildan Activewear to a "strong-buy" rating in a research report on Friday, August 2nd. Desjardins raised their price target on Gildan Activewear from C$63.00 to C$67.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. National Bankshares lifted their target price on Gildan Activewear from C$58.00 to C$68.00 in a research note on Wednesday, October 9th. Finally, Citigroup raised their price target 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. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Gildan Activewear has a consensus rating of "Buy" and a consensus price target of C$56.00.

Insider Buying and Selling at Gildan Activewear

In other Gildan Activewear news, Senior Officer Rhodri Harries sold 32,500 shares of Gildan Activewear 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, Senior Officer Rhodri Harries sold 32,500 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. Also, Senior Officer Jason De Haan sold 19,105 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$42.05, for a total value of C$803,365.25. In the last quarter, insiders sold 101,620 shares of company stock worth $4,870,471. Insiders own 2.26% of the company's stock.

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.