Scotiabank Forecasts Reduced Earnings for Gildan Activewear

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – Equities research analysts at Scotiabank cut their FY2025 EPS estimates for shares of Gildan Activewear in a report released on Wednesday, February 11th. Scotiabank analyst J. Zamparo now forecasts that the company will post earnings of $4.70 per share for the year, down from their previous estimate 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.

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

Gildan Activewear Stock Performance

TSE GIL opened at C$98.83 on Friday. The stock has a market cap of C$18.30 billion, a PE ratio of 31.78, a P/E/G ratio of 4.55 and a beta of 1.41. The company has a current ratio of 2.31, a quick ratio of 0.87 and a debt-to-equity ratio of 101.26. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$100.44. The stock has a fifty day simple moving average of C$88.76 and a 200-day simple moving average of C$82.31.

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

Gildan Activewear Announces Dividend

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

About Gildan Activewear

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.