Gildan Activewear (GIL) Set to Announce Earnings on Wednesday

Gildan Activewear (TSE:GIL) (NYSE:GIL) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Gildan Activewear to post earnings of C$0.72 per share for the quarter.

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

Gildan Activewear Trading Up 2.0 %

Shares of GIL opened at C$48.77 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 2.33 and a debt-to-equity ratio of 55.97. Gildan Activewear has a 12-month low of C$36.42 and a 12-month high of C$52.80. The firm has a market capitalization of C$8.23 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.62. The stock’s fifty day simple moving average is C$48.23 and its 200-day simple moving average is C$45.74.

Gildan Activewear Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Monday, April 8th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.19. Gildan Activewear’s dividend payout ratio is 26.70%.

Analyst Upgrades and Downgrades

GIL has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Desjardins upped their price objective on Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, National Bankshares upped their price objective on Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$47.00.

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.