Q1 2019 EPS Estimates for Gildan Activewear Inc Lowered by Analyst (GIL)

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Equities research analysts at Desjardins dropped their Q1 2019 earnings estimates for Gildan Activewear in a report issued on Wednesday, March 27th, Zacks Investment Research reports. Desjardins analyst K. Howlett now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous estimate of $0.34.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, February 21st. The company reported C$0.57 EPS for the quarter, hitting analysts’ consensus estimates of C$0.57. The business had revenue of C$981.74 million during the quarter, compared to the consensus estimate of C$934.50 million.

A number of other research firms also recently weighed in on GIL. BMO Capital Markets lifted their target price on Gildan Activewear from C$33.00 to C$36.00 in a research report on Friday, February 22nd. National Bank Financial lifted their target price on Gildan Activewear from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research report on Friday, February 15th.

Shares of Gildan Activewear stock traded up C$0.29 during trading on Friday, reaching C$49.79. The company’s stock had a trading volume of 347,700 shares, compared to its average volume of 472,944. The company has a debt-to-equity ratio of 36.26, a quick ratio of 1.21 and a current ratio of 3.99. The firm has a market capitalization of $10.30 billion and a PE ratio of 30.01. Gildan Activewear has a one year low of C$33.03 and a one year high of C$49.87.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a dividend of $0.134 per share. The ex-dividend date was Wednesday, March 6th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.11. This represents a $0.54 dividend on an annualized basis and a yield of 1.08%. Gildan Activewear’s dividend payout ratio (DPR) is 27.00%.

In other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of C$46.41, for a total transaction of C$464,100.00. Following the sale, the insider now directly owns 127,218 shares of the company’s stock, valued at C$5,904,187.38. Also, Director Glenn J. Chamandy sold 75,000 shares of Gildan Activewear stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of C$47.21, for a total value of C$3,540,750.00. Following the sale, the director now directly owns 192,625 shares in the company, valued at C$9,093,826.25. Over the last three months, insiders have sold 120,504 shares of company stock worth $5,652,591.

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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