Gildan Activewear (GIL) Issues Q1 2019 Earnings Guidance

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Gildan Activewear (NYSE:GIL) (TSE:GIL) updated its first quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.24-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. Gildan Activewear also updated its FY 2019 guidance to $2.00-2.10 EPS.

Several brokerages have recently issued reports on GIL. National Bank Financial reaffirmed a hold rating on shares of Gildan Activewear in a research report on Friday, February 15th. TD Securities raised their price target on Gildan Activewear from $36.00 to $38.00 and gave the company a buy rating in a research report on Tuesday. Zacks Investment Research downgraded Gildan Activewear from a hold rating to a sell rating in a research report on Wednesday. Desjardins downgraded Gildan Activewear from a buy rating to a hold rating and set a $33.98 price target on the stock. in a research report on Monday, February 4th. Finally, TheStreet raised Gildan Activewear from a c+ rating to a b+ rating in a research report on Monday, December 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $33.71.

GIL stock opened at $34.17 on Thursday. Gildan Activewear has a twelve month low of $25.33 and a twelve month high of $34.70. The stock has a market cap of $7.10 billion, a P/E ratio of 19.87, a PEG ratio of 1.37 and a beta of 0.82. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.79 and a current ratio of 4.94.

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About Gildan Activewear

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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