Gildan Activewear (TSE:GIL) Posts Earnings Results

Gildan Activewear (TSE:GIL) (NYSE:GIL) issued its quarterly earnings results on Thursday. The company reported C$1.31 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$1.41 billion during the quarter. Gildan Activewear had a return on equity of 23.10% and a net margin of 13.05%.

Gildan Activewear Price Performance

Gildan Activewear stock opened at C$92.97 on Friday. The stock has a market capitalization of C$17.21 billion, a price-to-earnings ratio of 29.89, a PEG ratio of 4.55 and a beta of 1.41. Gildan Activewear has a 52-week low of C$52.77 and a 52-week high of C$100.44. The company has a debt-to-equity ratio of 101.26, a quick ratio of 0.87 and a current ratio of 2.31. The stock’s 50 day moving average price is C$91.42 and its two-hundred day moving average price is C$84.04.

Wall Street Analysts Forecast Growth

GIL has been the subject of a number of recent analyst reports. TD Securities increased their target price on shares of Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday. Desjardins increased their price objective on shares of Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$85.75.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.