Wall Street analysts expect Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) to report earnings per share (EPS) of $0.31 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gildan Activewear’s earnings, with estimates ranging from $0.30 to $0.31. Gildan Activewear posted earnings per share of $0.32 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The company is expected to issue its next earnings report on Thursday, February 22nd.

On average, analysts expect that Gildan Activewear will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.72. For the next fiscal year, analysts anticipate that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.87 to $1.92. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Gildan Activewear.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, November 2nd. The textile maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $716.40 million during the quarter, compared to analysts’ expectations of $748.86 million. Gildan Activewear had a net margin of 16.21% and a return on equity of 22.37%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share.

GIL has been the subject of a number of research reports. BMO Capital Markets restated a “buy” rating and issued a $34.00 price target (up from $32.00) on shares of Gildan Activewear in a report on Friday, August 4th. National Bank Financial cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating in a report on Friday, August 4th. TD Securities cut shares of Gildan Activewear from a “buy” rating to a “hold” rating and raised their price target for the stock from $32.00 to $33.00 in a report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Gildan Activewear from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $32.20.

Several institutional investors have recently added to or reduced their stakes in GIL. Janus Henderson Group PLC bought a new position in shares of Gildan Activewear in the second quarter valued at $266,358,000. FMR LLC lifted its position in shares of Gildan Activewear by 18.2% during the second quarter. FMR LLC now owns 12,177,081 shares of the textile maker’s stock valued at $374,195,000 after purchasing an additional 1,875,214 shares in the last quarter. TD Asset Management Inc. lifted its position in shares of Gildan Activewear by 17.6% during the second quarter. TD Asset Management Inc. now owns 4,168,600 shares of the textile maker’s stock valued at $127,912,000 after purchasing an additional 623,938 shares in the last quarter. AGF Investments Inc. lifted its position in shares of Gildan Activewear by 8,373.2% during the second quarter. AGF Investments Inc. now owns 543,472 shares of the textile maker’s stock valued at $16,710,000 after purchasing an additional 537,058 shares in the last quarter. Finally, Marathon Asset Management LLP bought a new position in shares of Gildan Activewear during the third quarter valued at about $12,991,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Gildan Activewear (GIL) opened at $31.97 on Friday. The company has a quick ratio of 1.72, a current ratio of 5.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $6,994.95, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.38 and a beta of 0.74. Gildan Activewear has a twelve month low of $23.55 and a twelve month high of $32.15.

Gildan Activewear declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase 4,600,000 outstanding shares. This repurchase authorization allows the textile maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be paid a $0.094 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio (DPR) is 22.02%.

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Gildan Activewear Company Profile

Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.

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Earnings History and Estimates for Gildan Activewear (NYSE:GIL)

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