Gildan Activewear (GIL) to Release Earnings on Thursday

Gildan Activewear (TSE:GIL) (NYSE:GIL) will release its earnings data before the market opens on Thursday, October 31st. Analysts expect Gildan Activewear to post earnings of C$1.15 per share for the quarter.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. The business had revenue of C$1.18 billion during the quarter, compared to the consensus estimate of C$1.17 billion. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%.

Gildan Activewear Price Performance

TSE GIL opened at C$65.00 on Thursday. The stock has a market capitalization of C$10.57 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 1-year low of C$37.78 and a 1-year high of C$66.30. The company has a debt-to-equity ratio of 72.52, a current ratio of 2.35 and a quick ratio of 0.87. The business’s fifty day moving average price is C$61.69 and its 200-day moving average price is C$54.67.

Gildan Activewear Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were issued a $0.28 dividend. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, August 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.72%. Gildan Activewear’s dividend payout ratio is currently 33.94%.

Wall Street Analysts Forecast Growth

GIL has been the subject of several research reports. BMO Capital Markets raised shares of Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. National Bankshares upped their target price on shares of Gildan Activewear from C$58.00 to C$68.00 in a report on Wednesday, October 9th. Citigroup lifted their price target on shares of Gildan Activewear from C$44.00 to C$54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. TD Securities upped their price objective on Gildan Activewear from C$46.00 to C$50.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Desjardins lifted their target price on Gildan Activewear from C$63.00 to C$67.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$56.00.

Insider Transactions at Gildan Activewear

In other Gildan Activewear news, Director Michener Chandlee purchased 1,196 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of C$40.85 per share, for a total transaction of C$48,856.60. In other Gildan Activewear news, Director Michener Chandlee purchased 1,196 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of C$40.85 per share, with a total value of C$48,856.60. Also, Senior Officer Rhodri Harries sold 32,500 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$61.20, for a total transaction of C$1,989,000.00. Insiders sold a total of 101,620 shares of company stock valued at $4,870,471 over the last three months. Corporate insiders own 2.26% of the company’s stock.

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.