Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) issued its quarterly earnings results on Wednesday. The textile maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07, Briefing.com reports. The company had revenue of $695.80 million for the quarter, compared to analysts’ expectations of $692.94 million. Gildan Activewear had a return on equity of 24.00% and a net margin of 16.14%. Gildan Activewear’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Gildan Activewear updated its FY24 guidance to $2.92-3.07 EPS.
Gildan Activewear Trading Down 1.3 %
Shares of GIL traded down $0.43 during mid-day trading on Friday, reaching $33.10. 434,778 shares of the company were exchanged, compared to its average volume of 724,448. The business has a 50 day simple moving average of $35.51 and a two-hundred day simple moving average of $33.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 2.38. The stock has a market capitalization of $5.58 billion, a PE ratio of 11.18, a PEG ratio of 1.27 and a beta of 1.38. Gildan Activewear has a 52 week low of $26.98 and a 52 week high of $38.87.
Gildan Activewear Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Thursday, May 23rd will be given a $0.205 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.48%. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.36%.
Analyst Ratings Changes
Get Our Latest Analysis on Gildan Activewear
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.
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