Gildan Activewear Inc (TSE:GIL) Forecasted to Post Q4 2019 Earnings of $0.76 Per Share

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Analysts at National Bank Financial boosted their Q4 2019 earnings per share estimates for shares of Gildan Activewear in a research note issued on Thursday, May 2nd, Zacks Investment Research reports. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.71. National Bank Financial currently has a “Sector Perform” rating and a $54.00 target price on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q1 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.84 EPS and FY2020 earnings at $3.04 EPS.

Several other equities analysts also recently weighed in on GIL. Desjardins raised their target price on shares of Gildan Activewear from C$46.00 to C$48.00 in a report on Wednesday, March 27th. BMO Capital Markets set a C$39.00 target price on shares of Gildan Activewear and gave the company a “market perform” rating in a report on Friday, May 3rd.

Shares of GIL traded up C$0.21 during trading hours on Monday, reaching C$49.29. The company had a trading volume of 682,566 shares, compared to its average volume of 508,275. The company has a quick ratio of 1.64, a current ratio of 4.92 and a debt-to-equity ratio of 53.26. The company has a market capitalization of $10.18 billion and a PE ratio of 33.62. Gildan Activewear has a 12-month low of C$33.03 and a 12-month high of C$51.52.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.134 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.09%. Gildan Activewear’s dividend payout ratio is currently 32.06%.

In related news, Director Glenn J. Chamandy sold 91,813 shares of Gildan Activewear stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$50.83, for a total value of C$4,666,937.42. Following the completion of the sale, the director now owns 192,625 shares in the company, valued at C$9,791,302.11.

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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