Q3 2019 EPS Estimates for Gildan Activewear Inc Decreased by National Bank Financial (TSE:GIL)

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Stock analysts at National Bank Financial lowered their Q3 2019 earnings per share estimates for shares of Gildan Activewear in a research note issued to investors on Thursday, October 17th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $0.70 for the quarter, down from their prior forecast of $0.75. National Bank Financial has a “Sector Perform” rating and a $55.00 price objective on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q3 2020 earnings at $0.78 EPS and FY2020 earnings at $2.64 EPS.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.04 billion during the quarter, compared to analyst estimates of C$1.06 billion.

Separately, Desjardins upgraded Gildan Activewear from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$48.00 to C$57.00 in a report on Friday, August 2nd.

GIL opened at C$36.41 on Monday. The business has a 50 day moving average price of C$46.29 and a 200 day moving average price of C$49.16. Gildan Activewear has a twelve month low of C$30.81 and a twelve month high of C$53.33. The company has a debt-to-equity ratio of 58.07, a quick ratio of 1.59 and a current ratio of 4.33. The firm has a market cap of $7.03 billion and a P/E ratio of 25.44.

About Gildan Activewear

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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