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 Price Performance

Shares of Gildan Activewear stock traded up $1.95 during trading hours on Wednesday, reaching $53.93. The company’s stock had a trading volume of 1,121,877 shares, compared to its average volume of 519,660. The firm has a 50 day moving average price of $49.17 and a 200-day moving average price of $47.36. 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 stock has a market cap of $8.20 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.67 and a beta of 1.41. Gildan Activewear has a one year low of $32.23 and a one year high of $54.12.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Wednesday, February 19th. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30). The company had revenue of $822.00 million for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.75 earnings per share. On average, analysts predict that Gildan Activewear will post 2.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GIL shares. BMO Capital Markets raised their price target on Gildan Activewear from $47.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Canaccord Genuity Group raised their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and upped their price target for the company from $50.00 to $60.00 in a report on Friday, January 10th. Citigroup increased their price objective on shares of Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus 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.