Gildan Activewear (NYSE:GIL) Updates FY25 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.38-$3.58 for the period, compared to the consensus EPS estimate of $3.46. Gildan Activewear also updated its FY 2025 guidance to 3.380-3.580 EPS.

Gildan Activewear Trading Down 0.2 %

GIL traded down $0.11 during trading on Thursday, reaching $53.79. The company had a trading volume of 115,779 shares, compared to its average volume of 511,490. The firm’s 50-day simple moving average is $49.34 and its 200 day simple moving average is $47.48. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.71 and a beta of 1.41. Gildan Activewear has a 12-month low of $32.23 and a 12-month high of $54.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.98 and a current ratio of 2.31.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The business had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 26.88% and a net margin of 13.06%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities research analysts anticipate that Gildan Activewear will post 2.97 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Stifel Nicolaus lifted their price target on Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group boosted their price target on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 1st. CIBC boosted their price objective on Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group upped their price target on Gildan Activewear from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Gildan Activewear has an average rating of “Buy” and an average target price of $56.44.

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.