Gildan Activewear Stock News

Gildan Activewear Inc. shares rose 4.8% in early Wednesday trading after the athletic clothing company reported fourth quarter results that beat expectations and raised its dividend. Net income totaled $173.9 million, or 89 cents per share, up from $67.4 million, or 34 cents per share, last year. Adjusted EPS of 76 cents exceeded the FactSet consensus of 60 cents. Sales of $784.3 million were up from $690.2 million and was well ahead of the FactSet consensus for $734.6 million. Gildan raised its quarterly dividend 10% to 16.9 cents per share, payable on April 11 to shareholders of record as of March 17. The Gildan board has expanded to 11 with the addition of Dhaval Buch, senior advisor for Blackstone Private Equity and Mahindra Group, an India-based company specializing in the automobile, farm and finance industries. Over the next three years, Gildan expects sales at a compound annual growth rate (CAGR) in the range of 7% to 10%. Gildan stock has soared 51.4% over the past year while the S&P 500 index has gained 11.8%.

Gildan Activewear, Inc. (GIL) CEO Glenn Chamandy on Q4 2021 Results - Earnings Call Transcript

Gildan Activewear with ticker code (GIL) have now 12 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 48 and 32 with a mean TP of 42.28. Given that the stocks previous close was at 37.96 this would imply there is a potential upside of 11.4%. The 50 day MA is 40.48 and the 200 moving average now moves to 38.08. The market cap for the company is $7,449m. Find out more information at: https://gildancorp.com [stock_market_widget type="chart" template="basic" color="green" assets=GIL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $8,297m based on the market concensus. Gildan Activewear Inc. manufactures and sells various apparel products in the United States, Canada, and internationally. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sport shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and GoldToe brands.

Gildan Activewear, which keeps its books in U.S. dollar, says it will now pay a quarterly dividend of 16.9 cents per share, up from 15.4 cents

Gildan Activewear (NYSE: GIL ) reported its Q4 earnings results on Wednesday, February 23, 2022 at 07:00 AM. Here''s what investors need to know about the announcement. Earnings Gildan Activewear beat estimated earnings by 38.18%, reporting an EPS of $0.76 versus Full story available on Benzinga.com

Gildan Activewear press release (NYSE:GIL): Q4 GAAP EPS of $0.76 beats by $0.20.Revenue of $784.25M (+13.6% Y/Y) beats by $50.07M.

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Gildan Activewear Inc. GIL, +4.91% shares rose 4.8% in early Wednesday trading after the athletic clothing company reported fourth quarter results that beat expectations and raised its dividend. Net i

Gildan Activewear (NYSE:GIL) is scheduled to announce Q4 earnings results on Wednesday, February 23rd, before market open.The consensus EPS Estimate is $0.60 (+33.3% Y/Y) and the

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