Desjardins Weighs in on Gildan Activewear Inc.’s FY2024 Earnings (TSE:GIL)

Gildan Activewear Inc. (TSE:GILGet Rating) (NYSE:GIL) – Investment analysts at Desjardins raised their FY2024 earnings per share estimates for shares of Gildan Activewear in a research note issued to investors on Tuesday, March 7th. Desjardins analyst C. Li now forecasts that the company will post earnings of $4.54 per share for the year, up from their previous forecast of $4.46. The consensus estimate for Gildan Activewear’s current full-year earnings is $4.26 per share.

GIL has been the subject of several other research reports. National Bankshares lifted their price target on Gildan Activewear from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Citigroup cut their target price on shares of Gildan Activewear from C$48.00 to C$43.00 in a research note on Friday, February 17th.

Gildan Activewear Trading Down 1.7 %

TSE:GIL opened at C$43.74 on Thursday. The company has a market capitalization of C$7.86 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The company has a quick ratio of 0.87, a current ratio of 2.69 and a debt-to-equity ratio of 55.62. Gildan Activewear has a 52-week low of C$33.83 and a 52-week high of C$49.92. The stock has a fifty day simple moving average of C$40.95 and a 200-day simple moving average of C$40.14.

Gildan Activewear (TSE:GILGet Rating) (NYSE:GIL) last released its quarterly earnings results on Wednesday, February 22nd. The company reported C$0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.89 by C($0.01). The firm had revenue of C$977.58 million for the quarter, compared to analyst estimates of C$1.02 billion. Gildan Activewear had a return on equity of 28.49% and a net margin of 16.71%.

Gildan Activewear Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Monday, April 10th will be paid a $0.186 dividend. This represents a $0.74 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, March 13th. Gildan Activewear’s payout ratio is 23.87%.

Gildan Activewear Company Profile

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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, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.

See Also

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

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