Media headlines about Gildan Activewear (NYSE:GIL) (TSE:GIL) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gildan Activewear earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 47.9375270068316 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- National Bank Financial Weighs in on Gildan Activewear, Inc.’s Q4 2017 Earnings (GIL) (americanbankingnews.com)
- Brokers Issue Forecasts for Gildan Activewear Inc.’s Q4 2016 Earnings (GIL) – Newburgh Gazette (newburghgazette.com)
- Comparing Gildan Activewear (GIL) and Its Rivals (americanbankingnews.com)
- Gildan Activewear, Inc. (GIL) Expected to Announce Quarterly Sales of $752.07 Million (americanbankingnews.com)
- Gildan Activewear, Inc. breached its 50 day moving average in a Bearish Manner : GIL-US : October 27, 2017 (finance.yahoo.com)
GIL has been the topic of several research analyst reports. Zacks Investment Research downgraded Gildan Activewear from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Canaccord Genuity set a $32.00 price objective on Gildan Activewear and gave the company a “buy” rating in a research note on Friday, July 7th. Royal Bank Of Canada downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 price objective on the stock. in a research note on Tuesday, July 11th. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of Gildan Activewear in a research note on Friday, August 4th. Finally, National Bank Financial downgraded Gildan Activewear from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.29.
Shares of Gildan Activewear (NYSE GIL) opened at 31.05 on Tuesday. The stock has a market cap of $6.97 billion, a P/E ratio of 18.80 and a beta of 0.69. The firm’s 50 day moving average price is $31.10 and its 200 day moving average price is $30.11. Gildan Activewear has a 52-week low of $23.55 and a 52-week high of $32.15.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last issued its quarterly earnings data on Thursday, August 3rd. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gildan Activewear had a net margin of 14.16% and a return on equity of 18.65%. The firm had revenue of $715.40 million during the quarter, compared to the consensus estimate of $753.85 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts expect that Gildan Activewear will post $1.69 EPS for the current year.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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