Analysts predict that Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) will report earnings of $0.59 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Gildan Activewear’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.59. Gildan Activewear posted earnings per share of $0.53 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The business is expected to issue its next earnings results on Thursday, November 1st.
On average, analysts expect that Gildan Activewear will report full-year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.85 to $1.89. For the next financial year, analysts forecast that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.07 to $2.14. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Gildan Activewear.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings results on Thursday, August 2nd. The textile maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $764.20 million for the quarter, compared to analysts’ expectations of $728.72 million. Gildan Activewear had a net margin of 12.51% and a return on equity of 18.53%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share.
A number of equities analysts have recently weighed in on the stock. Bank of America raised shares of Gildan Activewear from an “underperform” rating to a “buy” rating in a research report on Thursday, August 2nd. Desjardins cut shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. ValuEngine raised shares of Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, TD Securities boosted their price objective on shares of Gildan Activewear from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Gildan Activewear has an average rating of “Hold” and a consensus price target of $33.00.
A number of institutional investors and hedge funds have recently bought and sold shares of GIL. Citigroup Inc. lifted its position in Gildan Activewear by 29.1% during the 1st quarter. Citigroup Inc. now owns 36,912 shares of the textile maker’s stock worth $1,065,000 after buying an additional 8,323 shares in the last quarter. American Century Companies Inc. bought a new stake in Gildan Activewear during the 1st quarter worth about $2,618,000. Willis Investment Counsel lifted its position in Gildan Activewear by 124.5% during the 1st quarter. Willis Investment Counsel now owns 68,295 shares of the textile maker’s stock worth $1,973,000 after buying an additional 37,880 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in Gildan Activewear by 23.6% during the 1st quarter. CHICAGO TRUST Co NA now owns 12,486 shares of the textile maker’s stock worth $360,000 after buying an additional 2,386 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in Gildan Activewear by 425.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 198,800 shares of the textile maker’s stock worth $5,738,000 after buying an additional 161,000 shares in the last quarter. 71.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE GIL opened at $28.99 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 16.85, a PEG ratio of 1.34 and a beta of 0.80. Gildan Activewear has a twelve month low of $25.33 and a twelve month high of $34.19. The company has a current ratio of 5.06, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Thursday, August 16th will be given a $0.112 dividend. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.45 annualized dividend and a yield of 1.55%. Gildan Activewear’s dividend payout ratio is currently 26.16%.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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