Gildan Activewear (NYSE:GIL) Posts Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Gildan Activewear (NYSE:GIL) (TSE:GIL) announced its earnings results on Wednesday. The textile maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.30), Zacks reports. Gildan Activewear had a net margin of 13.06% and a return on equity of 26.88%. Gildan Activewear updated its FY 2025 guidance to 3.380-3.580 EPS.

Gildan Activewear Trading Up 2.7 %

NYSE GIL opened at $52.34 on Wednesday. Gildan Activewear has a 12 month low of $32.23 and a 12 month high of $53.28. 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 company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The company’s fifty day moving average price is $49.17 and its two-hundred day moving average price is $47.36.

Analyst Ratings Changes

Several brokerages have recently weighed in on GIL. Citigroup upped their target price on shares of Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus upped their target price on shares of Gildan Activewear from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and upped their target price for the company from $50.00 to $60.00 in a research note on Friday, January 10th. Canaccord Genuity Group upped their target price on shares of Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, CIBC upped their target price on shares of Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Nine investment 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.