Q2 2024 EPS Estimates for Gildan Activewear Inc. (TSE:GIL) Reduced by National Bank Financial

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) – National Bank Financial cut their Q2 2024 EPS estimates for Gildan Activewear in a research note issued to investors on Wednesday, May 1st. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.06 per share for the quarter, down from their previous forecast of $1.13. 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 Q3 2024 earnings at $1.18 EPS, FY2024 earnings at $4.10 EPS, Q1 2025 earnings at $0.74 EPS and Q3 2025 earnings at $1.29 EPS.

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

Other analysts also recently issued research reports about the company. Royal Bank of Canada lifted their target price on Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Desjardins upped their price objective on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, National Bankshares raised their target price on shares of Gildan Activewear from C$52.00 to C$58.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Gildan Activewear has an average rating of “Moderate Buy” and an average target price of C$47.00.

Gildan Activewear Stock Performance

GIL opened at C$45.21 on Monday. The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 55.97. The business’s 50 day moving average is C$48.28 and its 200-day moving average is C$46.21. The stock has a market cap of C$7.63 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.70 and a beta of 1.62. Gildan Activewear has a twelve month low of C$36.42 and a twelve month high of C$52.80.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be issued a $0.277 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 2.45%. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, May 22nd. Gildan Activewear’s dividend payout ratio is presently 26.70%.

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, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.