Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $2.97-3.02 for the period, compared to the consensus EPS estimate of $2.96. Gildan Activewear also updated its FY 2024 guidance to 2.970-3.020 EPS.
Gildan Activewear Price Performance
GIL traded up $0.66 on Thursday, hitting $49.03. 58,558 shares of the company’s stock were exchanged, compared to its average volume of 707,160. Gildan Activewear has a fifty-two week low of $27.86 and a fifty-two week high of $49.64. The company has a current ratio of 2.35, a quick ratio of 0.97 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $46.17 and a 200-day moving average price of $40.71. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.78 and a beta of 1.43.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last announced its earnings results on Thursday, August 1st. The textile maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Gildan Activewear had a net margin of 13.01% and a return on equity of 24.96%. The company had revenue of $862.20 million for the quarter, compared to analysts’ expectations of $851.10 million. During the same quarter in the previous year, the company posted $0.63 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Gildan Activewear will post 2.93 earnings per share for the current year.
Analyst Ratings Changes
Get Our Latest Stock Analysis on GIL
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.
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