Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) announced its quarterly earnings results on Thursday. The textile maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03, Briefing.com reports. The firm had revenue of $862.20 million during the quarter, compared to the consensus estimate of $851.10 million. Gildan Activewear had a return on equity of 24.62% and a net margin of 13.01%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Gildan Activewear updated its FY24 guidance to $2.92-3.07 EPS and its FY 2024 guidance to 2.920-3.070 EPS.
Gildan Activewear Price Performance
Shares of NYSE:GIL traded up $0.05 during midday trading on Friday, hitting $41.34. 974,579 shares of the stock were exchanged, compared to its average volume of 478,707. The stock has a market cap of $6.85 billion, a P/E ratio of 13.97, a PEG ratio of 1.56 and a beta of 1.43. The company has a current ratio of 2.38, a quick ratio of 0.92 and a debt-to-equity ratio of 0.48. Gildan Activewear has a twelve month low of $26.99 and a twelve month high of $42.00. The company has a 50 day moving average price of $38.55 and a 200-day moving average price of $36.12.
Gildan Activewear Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, August 22nd. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.70%.
Wall Street Analyst Weigh In
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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.
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