Gildan Activewear Inc. (TSE:GIL – Get 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 %
Gildan Activewear (TSE:GIL – Get 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
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.
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