Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) announced its quarterly earnings data on Wednesday. The textile maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07, Briefing.com reports. The business had revenue of $695.80 million for the quarter, compared to analyst estimates of $692.94 million. Gildan Activewear had a net margin of 16.70% and a return on equity of 23.19%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Gildan Activewear updated its FY24 guidance to $2.92-3.07 EPS.
Gildan Activewear Stock Performance
GIL stock traded down $0.64 during mid-day trading on Thursday, reaching $33.95. The company had a trading volume of 868,934 shares, compared to its average volume of 805,104. The company has a quick ratio of 0.83, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $5.72 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.31 and a beta of 1.38. Gildan Activewear has a one year low of $26.98 and a one year high of $38.87. The stock’s 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $33.97.
Gildan Activewear Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Wednesday, March 13th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.42%. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 12th. Gildan Activewear’s dividend payout ratio (DPR) is presently 27.06%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Gildan Activewear
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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