There’s No Need To Panic Or Freeze When It Comes To Gildan Activewear Inc (NYSE: GIL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Gildan Activewear Reports Strong Fourth Quarter Results and Initiates Guidance for 2024.

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Stocks Info

The company is listed on the NYSE and operates within the Apparel Manufacturing industry segment. At the end of the last regular session, the stock closed at $35.16 and fluctuated between $36.61 as its day high and $34.83 as its day low. The current market capitalization of Gildan Activewear Inc is $6.05B. A total of 1.2 million shares were traded on the day, compared to an average of 976.91K shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Gildan Activewear Inc pays an annual dividend of $0.74, resulting in a dividend yield of 2.12%, and it has a price to earnings (P/E) ratio of 13.48. GIL’s most recent ex-dividend date was 11/21/2023 when it declared a $0.1860 quarterly dividend that was paid in cash on 12/18/2023. Previously, the company paid the dividend on 9/18/2023 with an ex-dividend date of 8/23/2023. The GIL stock dividend was $0.1860 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for GIL in the last 3 months, the mean price target is $39.58 with high estimates of $43.00 and low estimates of $36.00. In terms of 52-week highs and lows, GIL has a high of $37.65 and a low of $26.98.

As of this writing, GIL has an earnings estimate of $0.73 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.71. The company reported an EPS of $0.63 in the last quarter, which was 3.30% higher than expectations of $0.61.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GIL’s latest balance sheet shows that the firm has $179.25M in Cash & Short Term Investments as of fiscal 2021. There were $709.10M in debt and $463.60M in liabilities at the time. Its Book Value Per Share was $11.45, while its Total Shareholder’s Equity was $1.92B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GIL is Buy with a score of 4.27.

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