Gildan Activewear Inc (TSE:GIL) Expected to Earn Q3 2019 Earnings of $0.70 Per Share

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Equities researchers at Desjardins dropped their Q3 2019 earnings estimates for Gildan Activewear in a research report issued to clients and investors on Friday, October 18th. Desjardins analyst K. Howlett now forecasts that the company will post earnings of $0.70 per share for the quarter, down from their previous estimate of $0.77. Desjardins has a “Buy” rating and a $57.00 price objective on the stock.

Separately, National Bank Financial boosted their target price on Gildan Activewear from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th.

Gildan Activewear stock opened at C$36.41 on Monday. The firm has a market capitalization of $7.03 billion and a P/E ratio of 25.44. Gildan Activewear has a 1 year low of C$30.81 and a 1 year high of C$53.33. The business has a 50-day moving average of C$46.29 and a 200-day moving average of C$49.16. The company has a current ratio of 4.33, a quick ratio of 1.59 and a debt-to-equity ratio of 58.07.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its 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 the consensus estimate of C$1.06 billion.

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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