Gildan Activewear Inc (TSE:GIL) Expected to Earn Q3 2019 Earnings of $0.70 Per Share

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Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Analysts at Desjardins reduced their Q3 2019 earnings per share (EPS) estimates for shares of Gildan Activewear in a research report issued to clients and investors on Friday, October 18th. Desjardins analyst K. Howlett now anticipates that the company will earn $0.70 per share for the quarter, down from their prior forecast of $0.77. Desjardins currently has a “Buy” rating and a $57.00 target price on the stock.

Separately, National Bank Financial upped their target price on shares of Gildan Activewear from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th.

TSE GIL opened at C$36.41 on Monday. Gildan Activewear has a 52 week low of C$30.81 and a 52 week high of C$53.33. The company has a current ratio of 4.33, a quick ratio of 1.59 and a debt-to-equity ratio of 58.07. The stock has a market cap of $7.03 billion and a price-to-earnings ratio of 25.44. The company has a 50-day moving average price of C$46.29 and a two-hundred day moving average price of C$49.16.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, August 1st. The company reported C$0.73 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The business had revenue of C$1.04 billion for the quarter, compared to analysts’ expectations of C$1.06 billion.

Gildan Activewear Company Profile

Gildan Activewear Inc manufactures and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America. 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, Comfort Colors, American Apparel, Anvil, Alstyle, and Gold Toe brands.

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Earnings History and Estimates for Gildan Activewear (TSE:GIL)

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