Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) will announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$1.15 per share for the quarter.
Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$1.01 EPS for the quarter, topping analysts’ consensus estimates of C$0.99 by C$0.02. Gildan Activewear had a net margin of 13.01% and a return on equity of 21.95%. The firm had revenue of C$1.18 billion for the quarter, compared to analyst estimates of C$1.17 billion.
Gildan Activewear Stock Performance
TSE GIL opened at C$65.00 on Thursday. Gildan Activewear has a 52-week low of C$37.78 and a 52-week high of C$66.30. The company has a fifty day moving average of C$61.69 and a 200-day moving average of C$54.67. The company has a market capitalization of C$10.57 billion, a P/E ratio of 19.88, a P/E/G ratio of 4.55 and a beta of 1.64. The company has a debt-to-equity ratio of 72.52, a quick ratio of 0.87 and a current ratio of 2.35.
Gildan Activewear Increases Dividend
Wall Street Analyst Weigh In
Several analysts have weighed in on GIL shares. Desjardins boosted their price target on shares of Gildan Activewear from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. TD Securities boosted their target price on Gildan Activewear from C$46.00 to C$50.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. BMO Capital Markets upgraded Gildan Activewear to a “strong-buy” rating in a research report on Friday, August 2nd. Citigroup boosted their price objective on Gildan Activewear from C$44.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, National Bankshares raised their target price on shares of Gildan Activewear from C$58.00 to C$68.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$56.00.
Check Out Our Latest Stock Report on Gildan Activewear
Insiders Place Their Bets
In related news, Senior Officer Benito Masi sold 50,000 shares of Gildan Activewear stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$41.55, for a total transaction of C$2,077,495.00. In other Gildan Activewear news, Senior Officer Rhodri Harries sold 32,500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$61.20, for a total value of C$1,989,000.00. Also, Senior Officer Benito Masi sold 50,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of C$41.55, for a total value of C$2,077,495.00. Over the last 90 days, insiders sold 101,620 shares of company stock worth $4,870,471. 2.26% of the stock is owned by corporate insiders.
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.
Read More
- Five stocks we like better than Gildan Activewear
- Investing in Commodities: What Are They? How to Invest in Them
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- P/E Ratio Calculation: How to Assess Stocks
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- What Are the U.K. Market Holidays? How to Invest and Trade
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Gildan Activewear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear and related companies with MarketBeat.com's FREE daily email newsletter.