Gildan Activewear (GIL) Projected to Post Quarterly Earnings on Wednesday

Gildan Activewear (NYSE:GIL) (TSE:GIL) is expected to release its earnings data before the market opens on Wednesday, February 19th. Analysts expect Gildan Activewear to post earnings of $1.13 per share and revenue of $808.66 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Gildan Activewear Price Performance

NYSE:GIL opened at $50.75 on Wednesday. The stock has a market capitalization of $7.74 billion, a PE ratio of 20.06, a P/E/G ratio of 1.71 and a beta of 1.41. Gildan Activewear has a 1-year low of $32.23 and a 1-year high of $53.28. The firm has a fifty day simple moving average of $48.97 and a 200 day simple moving average of $47.00. The company has a current ratio of 2.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIL. TD Securities upped their target price on shares of Gildan Activewear from $58.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upgraded Gildan Activewear from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $50.00 to $60.00 in a report on Friday, January 10th. Citigroup upped their price objective on Gildan Activewear from $54.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, CIBC boosted their price objective on shares of Gildan Activewear from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $54.78.

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.