Gildan Activewear (NYSE:GIL) Updates FY25 Earnings Guidance

Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.38-$3.58 for the period, compared to the consensus earnings per share estimate of $3.46. Gildan Activewear also updated its FY 2025 guidance to 3.380-3.580 EPS.

Gildan Activewear Stock Up 3.8 %

NYSE:GIL traded up $1.95 during trading hours on Wednesday, reaching $53.93. 1,088,325 shares of the stock were exchanged, compared to its average volume of 513,527. Gildan Activewear has a twelve month low of $32.23 and a twelve month high of $54.12. 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 firm has a 50 day moving average of $49.17 and a 200 day moving average of $47.36. The stock has a market cap of $8.20 billion, a PE ratio of 21.32, a PEG ratio of 1.67 and a beta of 1.41.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30). The firm had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.75 million. Gildan Activewear had a return on equity of 26.88% and a net margin of 13.06%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, equities analysts expect that Gildan Activewear will post 2.97 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GIL shares. CIBC increased their price objective on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group raised Gildan Activewear from a “neutral” rating to a “buy” rating and increased their price objective for the company from $50.00 to $60.00 in a report on Friday, January 10th. BMO Capital Markets increased their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup increased their price target on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $54.78.

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.