Gildan Activewear Inc. (NYSE:GIL – Get Rating) (TSE:GIL) – National Bank Financial cut their Q2 2022 earnings per share (EPS) estimates for Gildan Activewear in a report issued on Thursday, May 5th. National Bank Financial analyst V. Shreedhar now expects that the textile maker will post earnings of $0.71 per share for the quarter, down from their previous estimate of $0.74. National Bank Financial also issued estimates for Gildan Activewear’s Q3 2022 earnings at $0.82 EPS, Q4 2022 earnings at $0.77 EPS, FY2022 earnings at $3.05 EPS, Q1 2023 earnings at $0.71 EPS, Q2 2023 earnings at $0.76 EPS, Q3 2023 earnings at $0.89 EPS and Q4 2023 earnings at $0.83 EPS.
Gildan Activewear (NYSE:GIL – Get Rating) (TSE:GIL) last issued its quarterly earnings results on Wednesday, May 4th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.26. Gildan Activewear had a net margin of 21.07% and a return on equity of 31.46%. The firm had revenue of $774.90 million for the quarter, compared to analyst estimates of $666.81 million. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 31.4% compared to the same quarter last year.
Shares of GIL stock opened at $30.92 on Monday. The company has a current ratio of 3.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. Gildan Activewear has a 1 year low of $30.17 and a 1 year high of $43.63. The firm’s fifty day moving average price is $36.42 and its two-hundred day moving average price is $39.00. The firm has a market capitalization of $5.80 billion, a P/E ratio of 9.23, a PEG ratio of 1.39 and a beta of 1.44.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new stake in Gildan Activewear in the 4th quarter valued at about $30,000. Maverick Capital Ltd. bought a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $33,000. Addison Advisors LLC bought a new stake in shares of Gildan Activewear during the 1st quarter worth approximately $33,000. First Manhattan Co. lifted its holdings in shares of Gildan Activewear by 66.7% during the 3rd quarter. First Manhattan Co. now owns 1,092 shares of the textile maker’s stock worth $39,000 after acquiring an additional 437 shares during the period. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Gildan Activewear during the 4th quarter worth approximately $76,000. 75.31% of the stock is owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Thursday, May 26th will be issued a $0.169 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Wednesday, May 25th. Gildan Activewear’s dividend payout ratio is currently 20.30%.
About Gildan Activewear (Get Rating)
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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.
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