FY2024 Earnings Forecast for Gildan Activewear Inc. (TSE:GIL) Issued By National Bank Financial

Gildan Activewear Inc. (TSE:GIL) (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) (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.

Several other analysts also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. National Bankshares upped their price objective on shares of Gildan Activewear from C$52.00 to C$58.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Finally, Desjardins increased their target price on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$47.00.

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.