Scotiabank Reduces Earnings Estimates for Gildan Activewear

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Stock analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for shares of Gildan Activewear in a note issued to investors on Wednesday, February 11th. Scotiabank analyst J. Zamparo now forecasts that the company will earn $4.70 per share for the year, down from their previous forecast of $4.78. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.55 per share. Scotiabank also issued estimates for Gildan Activewear’s FY2026 earnings at $6.10 EPS and FY2027 earnings at $7.17 EPS.

A number of other analysts have also issued reports on GIL. TD Securities boosted their target price on Gildan Activewear from C$74.00 to C$77.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Citigroup cut Gildan Activewear from a “buy” rating to a “neutral” rating and lifted their price objective for the company from C$60.00 to C$63.00 in a research note on Monday, October 20th. National Bank Financial boosted their price objective on Gildan Activewear from C$91.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Desjardins set a C$95.00 target price on Gildan Activewear and gave the company a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and an average price target of C$81.75.

Gildan Activewear Stock Performance

Shares of GIL stock opened at C$98.83 on Friday. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The firm has a market cap of C$18.30 billion, a P/E ratio of 31.78, a P/E/G ratio of 4.55 and a beta of 1.41. The firm’s 50 day moving average price is C$88.76 and its 200-day moving average price is C$82.23. Gildan Activewear has a one year low of C$52.77 and a one year high of C$100.44.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Wednesday, October 29th. The company reported C$1.00 EPS for the quarter. The company had revenue of C$1.27 billion for the quarter. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%.

Gildan Activewear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a dividend of $0.226 per share. The ex-dividend date was Wednesday, November 19th. This represents a $0.90 annualized dividend and a yield of 0.9%. Gildan Activewear’s dividend payout ratio is 28.39%.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.