Headlines about Gildan Activewear (NYSE:GIL) (TSE:GIL) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gildan Activewear earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the textile maker an impact score of 46.8864285719634 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Gildan Activewear Inc. (TSX:GIL)’s Cash Flow Growth of -0.25205 Is Worth Taking Note Of (baycityobserver.com)
- Eye-popping Stocks: Gildan Activewear Inc. (NYSE:GIL), Teekay LNG Partners LP (NYSE:TGP), Schweitzer-Mauduit … (thestreetpoint.com)
- Zacks: Brokerages Anticipate Gildan Activewear Inc (GIL) to Announce $0.59 EPS (americanbankingnews.com)
- Trade talks sputter, stocks go under (baystreet.ca)
- Gildan Activewear Inc (GIL) Sees Significant Drop in Short Interest (americanbankingnews.com)
NYSE:GIL opened at $29.04 on Thursday. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 1.34 and a beta of 0.80. Gildan Activewear has a twelve month low of $25.33 and a twelve month high of $34.19. The company has a current ratio of 5.06, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings results on Thursday, August 2nd. The textile maker reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $764.20 million for the quarter, compared to analyst estimates of $728.72 million. Gildan Activewear had a return on equity of 18.53% and a net margin of 12.51%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. research analysts forecast that Gildan Activewear will post 1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Thursday, August 16th will be issued a dividend of $0.112 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, August 15th. Gildan Activewear’s payout ratio is presently 26.16%.
Several research analysts have weighed in on GIL shares. TheStreet raised Gildan Activewear from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. TD Securities boosted their price target on Gildan Activewear from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Bank of America raised Gildan Activewear from an “underperform” rating to a “buy” rating in a research report on Thursday, August 2nd. Desjardins lowered Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Finally, ValuEngine raised Gildan Activewear from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $33.00.
Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of 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 company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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