Gildan Activewear Inc. (TSE:GIL – Free Report) (NYSE:GIL) – National Bank Financial boosted their FY2024 EPS estimates for shares of Gildan Activewear in a research note issued to investors on Monday, April 15th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $4.11 per share for the year, up from their previous 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.
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.02 billion.
View Our Latest Stock Analysis on GIL
Gildan Activewear Trading Down 2.5 %
TSE:GIL opened at C$48.48 on Wednesday. The company has a market capitalization of C$8.18 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.70 and a beta of 1.62. The stock’s 50 day moving average price is C$48.04 and its 200 day moving average price is C$45.41. The company has a debt-to-equity ratio of 55.97, a quick ratio of 0.87 and a current ratio of 2.33. Gildan Activewear has a 52 week low of C$36.42 and a 52 week high of C$52.80.
Gildan Activewear Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 8th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.27%. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 12th. Gildan Activewear’s payout ratio is currently 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.
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