Gildan Activewear Inc (TSE:GIL) Issues Earnings Results, Misses Estimates By $0.15 EPS

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.15, RTT News reports. The firm had revenue of $946.99 million for the quarter, compared to analysts’ expectations of $995.43 million. Gildan Activewear had a return on equity of 20.64% and a net margin of 15.06%. During the same period last year, the firm earned $0.41 EPS.

Shares of Gildan Activewear (GIL) traded down 0.57% on Friday, hitting $38.22. The company’s stock had a trading volume of 682,415 shares. The stock’s 50 day moving average is $38.84 and its 200-day moving average is $36.95. The company has a market cap of $8.58 billion and a price-to-earnings ratio of 23.14. Gildan Activewear has a 52 week low of $30.97 and a 52 week high of $42.18.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 17th will be paid a $0.0935 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, August 15th.

In related news, Director Michael Hoffman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of C$37.93, for a total value of C$568,950.00.

Several brokerages have recently commented on GIL. BMO Capital Markets reissued an “outperform” rating and set a C$34.00 price target on shares of Gildan Activewear in a research note on Friday, August 4th. National Bank Financial reduced their target price on Gildan Activewear from C$43.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 1st. TD Securities lowered Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price on the stock. in a research note on Friday, August 4th. Desjardins upped their target price on Gildan Activewear from C$38.00 to C$42.00 in a research note on Thursday, May 4th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Gildan Activewear in a research note on Thursday, May 4th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$40.08.

COPYRIGHT VIOLATION NOTICE: “Gildan Activewear Inc (TSE:GIL) Issues Earnings Results, Misses Estimates By $0.15 EPS” was first posted by BNB Daily and is the property of of BNB Daily. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/13/gildan-activewear-inc-tsegil-issues-earnings-results-misses-expectations-by-0-16-eps-updated.html.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, and distributes undecorated activewear products, including T-shirts, fleece, and sport shirts under Gildan, Gildan Performance, Anvil, Comfort Colors, American Apparel, Alstyle, and New Balance brands.

Receive News & Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply