Gildan Activewear (NYSE:GIL) Releases Earnings Results, Misses Expectations By $0.30 EPS

Gildan Activewear (NYSE:GIL) (TSE:GIL) released its quarterly earnings data 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 return on equity of 26.88% and a net margin of 13.06%. Gildan Activewear updated its FY 2025 guidance to 3.380-3.580 EPS.

Gildan Activewear Stock Up 2.0 %

GIL opened at $51.95 on Wednesday. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The stock’s fifty day simple moving average is $49.17 and its 200 day simple moving average is $47.36. Gildan Activewear has a 1-year low of $32.23 and a 1-year high of $53.28. The stock has a market cap of $7.90 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. CIBC lifted their price target on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. 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 note on Friday, November 1st. Citigroup raised their price target on Gildan Activewear from $54.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group lifted their price objective on Gildan Activewear from $52.00 to $53.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, UBS Group upgraded shares of Gildan Activewear from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $60.00 in a report on Friday, January 10th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear has an average rating of “Buy” and an average price target 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.