Equities research analysts expect Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) to announce earnings per share of $0.52 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Gildan Activewear’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.53. Gildan Activewear posted earnings of $0.50 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Gildan Activewear will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.68 to $1.72. For the next year, analysts anticipate that the company will report earnings of $1.89 per share, with EPS estimates ranging from $1.85 to $1.93. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Gildan Activewear.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, August 3rd. The textile maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $715.40 million during the quarter, compared to analysts’ expectations of $753.85 million. Gildan Activewear had a return on equity of 18.65% and a net margin of 14.16%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS.
Several brokerages recently issued reports on GIL. Zacks Investment Research raised Gildan Activewear from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, September 26th. Canaccord Genuity set a $32.00 target price on Gildan Activewear and gave the stock a “buy” rating in a research report on Friday, July 7th. CIBC raised Gildan Activewear from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada lowered Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 target price on the stock. in a research report on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gildan Activewear presently has an average rating of “Hold” and a consensus target price of $35.14.
Gildan Activewear (NYSE:GIL) traded up 0.35% during mid-day trading on Friday, reaching $31.52. The company’s stock had a trading volume of 252,537 shares. Gildan Activewear has a 1-year low of $23.55 and a 1-year high of $31.87. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 19.08 and a beta of 0.69. The firm has a 50-day moving average of $30.98 and a 200 day moving average of $29.53.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 17th were issued a dividend of $0.094 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, August 15th. Gildan Activewear’s dividend payout ratio is 22.42%.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its holdings in shares of Gildan Activewear by 18.2% during the 2nd quarter. FMR LLC now owns 12,177,081 shares of the textile maker’s stock valued at $374,195,000 after acquiring an additional 1,875,214 shares during the last quarter. Causeway Capital Management LLC increased its holdings in shares of Gildan Activewear by 392.6% during the 1st quarter. Causeway Capital Management LLC now owns 11,941,097 shares of the textile maker’s stock valued at $322,887,000 after acquiring an additional 9,517,241 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Gildan Activewear during the 2nd quarter valued at about $266,358,000. Vanguard Group Inc. increased its holdings in shares of Gildan Activewear by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 4,927,849 shares of the textile maker’s stock valued at $151,433,000 after acquiring an additional 185,026 shares during the last quarter. Finally, TD Asset Management Inc. increased its holdings in shares of Gildan Activewear by 17.6% during the 2nd quarter. TD Asset Management Inc. now owns 4,168,600 shares of the textile maker’s stock valued at $127,912,000 after acquiring an additional 623,938 shares during the last quarter. 72.59% of the stock is currently owned by institutional investors and hedge funds.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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