Gildan Activewear (NYSE:GIL) Updates FY 2025 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.380-3.580 for the period, compared to the consensus EPS estimate of 3.480. The company issued revenue guidance of -. Gildan Activewear also updated its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Price Performance

Shares of GIL opened at $54.66 on Friday. The firm has a market capitalization of $8.31 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. The company’s fifty day moving average price is $49.47 and its 200-day moving average price is $47.54. Gildan Activewear has a 1-year low of $32.23 and a 1-year high of $55.39.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). Gildan Activewear had a net margin of 12.26% and a return on equity of 27.49%. The firm had revenue of $822.00 million for the quarter, compared to analysts’ expectations of $805.75 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Gildan Activewear will post 3.44 EPS for the current year.

Gildan Activewear Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.226 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This is a positive change from Gildan Activewear’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a yield of 1.65%. Gildan Activewear’s dividend payout ratio (DPR) is currently 32.80%.

Analyst Ratings Changes

GIL has been the topic of a number of research reports. Canaccord Genuity Group increased their price objective on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. CIBC increased their price target on Gildan Activewear from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup boosted their price objective on Gildan Activewear from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. UBS Group raised their target price on Gildan Activewear from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday. Finally, TD Securities upped their price objective on Gildan Activewear from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $60.00.

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.