Gildan Activewear (GIL) Set to Announce Earnings on Wednesday

Gildan Activewear (TSE:GIL) (NYSE:GIL) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Gildan Activewear to post earnings of C$0.72 per share for the quarter.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last released its earnings results on Wednesday, February 21st. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.99 by C$0.03. The firm 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%.

Gildan Activewear Stock Performance

Shares of TSE:GIL opened at C$48.42 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 55.97. Gildan Activewear has a 12 month low of C$36.42 and a 12 month high of C$52.80. The company has a market capitalization of C$8.17 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 2.70 and a beta of 1.62. The firm’s 50-day moving average is C$48.37 and its 200 day moving average is C$46.00.

Gildan Activewear Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 8th were paid a $0.275 dividend. 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. This represents a $1.10 dividend on an annualized basis and a yield of 2.27%. Gildan Activewear’s dividend payout ratio (DPR) is presently 26.70%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Desjardins lifted their price objective on shares of Gildan Activewear from C$53.00 to C$55.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. National Bankshares raised their price objective on 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, Royal Bank of Canada raised their target price on shares of Gildan Activewear from C$39.00 to C$41.00 and gave the company an “outperform” 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$47.00.

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.