Brokerages expect Gildan Activewear Inc (NYSE:GIL) (TSE:GIL) to announce $0.59 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Gildan Activewear’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.59. Gildan Activewear reported earnings per share of $0.53 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Gildan Activewear will report full-year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.89. For the next year, analysts anticipate that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.07 to $2.14. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Gildan Activewear.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, August 2nd. The textile maker reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $764.20 million for the quarter, compared to the consensus estimate of $728.72 million. Gildan Activewear had a return on equity of 18.53% and a net margin of 12.51%. Gildan Activewear’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share.

GIL has been the topic of several analyst reports. Bank of America downgraded Gildan Activewear from a “buy” rating to an “underperform” rating and lowered their target price for the company from $34.00 to $26.00 in a research report on Tuesday, July 24th. Desjardins downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. TheStreet upgraded Gildan Activewear from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. Finally, ValuEngine downgraded Gildan Activewear from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Gildan Activewear has an average rating of “Hold” and an average target price of $33.00.

NYSE GIL traded down $0.34 on Wednesday, hitting $30.02. 6,196 shares of the company traded hands, compared to its average volume of 395,285. The company has a market capitalization of $6.31 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 5.06. Gildan Activewear has a 52-week low of $25.33 and a 52-week high of $34.19.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Thursday, August 16th were given a $0.112 dividend. The ex-dividend date was Wednesday, August 15th. This represents a $0.45 annualized dividend and a dividend yield of 1.49%. Gildan Activewear’s payout ratio is 26.16%.

Several institutional investors have recently made changes to their positions in the company. Koch Industries Inc. lifted its position in shares of Gildan Activewear by 15.0% in the first quarter. Koch Industries Inc. now owns 13,507 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 1,766 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Gildan Activewear by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 162,336 shares of the textile maker’s stock worth $4,690,000 after buying an additional 2,290 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Gildan Activewear by 23.6% in the first quarter. CHICAGO TRUST Co NA now owns 12,486 shares of the textile maker’s stock worth $360,000 after buying an additional 2,386 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Gildan Activewear by 36.9% in the first quarter. Stifel Financial Corp now owns 9,002 shares of the textile maker’s stock worth $261,000 after buying an additional 2,425 shares in the last quarter. Finally, Global X Management Co LLC lifted its position in shares of Gildan Activewear by 145.3% in the second quarter. Global X Management Co LLC now owns 6,390 shares of the textile maker’s stock worth $180,000 after buying an additional 3,785 shares in the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

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Earnings History and Estimates for Gildan Activewear (NYSE:GIL)

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