It’s Not Over Yet For 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. Most recently, Yahoo Finance reported about the stock as it publicized that Gildan Activewear Reports Strong Fourth Quarter Results and Initiates Guidance for 2024.

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Stocks Info

Gildan Activewear Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Apparel Manufacturing industry. The current market capitalization of Gildan Activewear Inc is $5.98B. A total of 0.53 million shares were traded on the day, compared to an average of 985.20K shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Gildan Activewear Inc pays an annual dividend of $0.74, resulting in a dividend yield of 2.10%, and it has a price to earnings (P/E) ratio of 11.69. GIL’s most recent ex-dividend date was 3/12/2024 when it declared a $0.2050 quarterly dividend that was paid in cash on 4/8/2024. Previously, the company paid the dividend on 12/18/2023 with an ex-dividend date of 11/21/2023. The GIL stock dividend was $0.1860 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GIL in the last 3 months, the mean price target is $39.85 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 $0.5 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.53 per share and a lower estimate of $0.48. The company reported an EPS of $0.74 in the last quarter, which was 4.20% higher than expectations of $0.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $11.52, while its Total Shareholder’s Equity was $1.92B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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