FY2024 EPS Estimates for Gildan Activewear Inc. Raised by Analyst (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Gildan Activewear in a report released on Monday, April 15th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $4.11 for the year, up from their prior estimate of $4.02. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for Gildan Activewear’s Q4 2024 earnings at $1.05 EPS, Q1 2025 earnings at $0.77 EPS, Q2 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $1.16 EPS and FY2025 earnings at $4.51 EPS.

Several other brokerages also recently commented on GIL. Desjardins boosted their price objective on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. National Bankshares lifted their price target on Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Royal Bank of Canada boosted their price target on Gildan Activewear from C$39.00 to C$41.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$47.00.

Gildan Activewear Stock Performance

Shares of Gildan Activewear stock opened at C$48.48 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 55.97. The company has a market cap of C$8.18 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 2.70 and a beta of 1.62. The company has a 50 day moving average of C$48.04 and a 200-day moving average of C$45.41. Gildan Activewear has a 1-year low of C$36.42 and a 1-year high of C$52.80.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.03. The firm had revenue of C$1.07 billion for the quarter, compared to the consensus estimate of C$1.02 billion. Gildan Activewear had a net margin of 16.70% and a return on equity of 27.79%.

Gildan Activewear Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 8th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s payout ratio is presently 26.70%.

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.