Gildan Activewear Inc. (TSE:GIL – Free Report) (NYSE:GIL) – Research analysts at National Bank Financial lifted their Q1 2024 EPS estimates for shares of Gildan Activewear in a research note issued on Monday, April 15th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.74 per share for the quarter, up from their prior estimate of $0.72. 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 Q2 2024 earnings at $1.13 EPS and Q3 2024 earnings at $1.20 EPS.
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last released its earnings results on Wednesday, February 21st. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.03. Gildan Activewear had a net margin of 16.70% and a return on equity of 27.79%. The company had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.02 billion.
Check Out Our Latest Analysis on GIL
Gildan Activewear Stock Performance
Shares of TSE GIL opened at C$48.48 on Thursday. The company has a debt-to-equity ratio of 55.97, a quick ratio of 0.87 and a current ratio of 2.33. The company has a market cap 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 firm’s fifty day moving average is C$48.04 and its two-hundred day moving average is C$45.41. 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. The ex-dividend date was Tuesday, March 12th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.27%. 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.
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