Gildan Activewear (NYSE:GIL) Issues Earnings Results

Gildan Activewear (NYSE:GIL) (TSE:GIL) posted its earnings results on Wednesday. The textile maker reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.30), Zacks reports. The company had revenue of $822.00 million for the quarter, compared to analysts’ expectations of $805.75 million. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. Gildan Activewear updated its FY 2025 guidance to 3.380-3.580 EPS and its FY25 guidance to $3.38-$3.58 EPS.

Gildan Activewear Trading Up 0.3 %

Gildan Activewear stock opened at $54.06 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.31 and a quick ratio of 0.98. Gildan Activewear has a one year low of $32.23 and a one year high of $54.14. The stock has a market capitalization of $8.22 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The business’s fifty day moving average is $49.34 and its 200 day moving average is $47.48.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GIL. UBS Group raised Gildan Activewear from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $60.00 in a report on Friday, January 10th. BMO Capital Markets boosted their target price on Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Securities boosted their target price on Gildan Activewear from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Citigroup boosted their target price on Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, CIBC boosted their price objective on Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research report 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 a consensus price target of $54.78.

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.