Gildan Activewear (NYSE:GIL) (TSE:GIL) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $1.65-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.97. Gildan Activewear also updated its FY 2019 guidance to $1.65-1.70 EPS.
Shares of GIL stock traded down $8.34 on Friday, hitting $27.04. 699,867 shares of the company’s stock traded hands, compared to its average volume of 418,303. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.68 and a current ratio of 4.33. Gildan Activewear has a one year low of $28.81 and a one year high of $40.40. The company’s fifty day simple moving average is $35.92 and its 200 day simple moving average is $37.25. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.21 and a beta of 0.85.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its earnings results on Thursday, August 1st. The textile maker reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $801.60 million for the quarter, compared to analyst estimates of $793.91 million. Gildan Activewear had a net margin of 10.14% and a return on equity of 18.48%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. As a group, sell-side analysts anticipate that Gildan Activewear will post 1.98 earnings per share for the current fiscal year.
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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