Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.70-1.72 for the period, compared to the Thomson Reuters consensus estimate of $1.69.
Several equities research analysts recently commented on the stock. BMO Capital Markets lowered shares of Gildan Activewear from an outperform rating to a market perform rating and decreased their price objective for the stock from $34.00 to $30.00 in a research report on Friday. Macquarie assumed coverage on shares of Gildan Activewear in a research report on Wednesday. They issued a neutral rating on the stock. TD Securities lowered shares of Gildan Activewear from a buy rating to a hold rating and boosted their price objective for the stock from $32.00 to $33.00 in a research report on Friday, August 4th. Zacks Investment Research raised shares of Gildan Activewear from a hold rating to a buy rating and set a $35.00 target price for the company in a research note on Friday, October 27th. Finally, National Bank Financial downgraded shares of Gildan Activewear from an outperform rating to a sector perform rating in a research note on Friday, August 4th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Gildan Activewear presently has a consensus rating of Hold and an average target price of $34.71.
Shares of Gildan Activewear, Inc. (NYSE:GIL) traded down $0.45 during mid-day trading on Friday, reaching $28.85. 719,196 shares of the company traded hands, compared to its average volume of 509,820. The stock has a market capitalization of $6,552.10, a price-to-earnings ratio of 16.87 and a beta of 0.74.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, November 2nd. The textile maker reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Gildan Activewear had a return on equity of 18.73% and a net margin of 14.21%. The company had revenue of $716.40 million for the quarter, compared to the consensus estimate of $748.86 million. During the same quarter last year, the business posted $0.50 EPS. Gildan Activewear’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts predict that Gildan Activewear, Inc. will post 1.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a dividend of $0.094 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 15th. Gildan Activewear’s dividend payout ratio (DPR) is 22.02%.
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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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