National Bank Financial Analysts Decrease Earnings Estimates for Gildan Activewear Inc (GIL)
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Analysts at National Bank Financial lowered their Q1 2018 EPS estimates for Gildan Activewear in a report released on Sunday. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.54. National Bank Financial has a “Sector Perform” rating and a $44.00 price objective on the stock. National Bank Financial also issued estimates for Gildan Activewear’s Q2 2018 earnings at $0.69 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $2.37 EPS.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its earnings results on Thursday, November 2nd. The company reported C$0.67 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.65 by C$0.02. Gildan Activewear had a return on equity of 22.37% and a net margin of 16.21%.
Shares of Gildan Activewear (TSE:GIL) opened at C$41.58 on Wednesday. Gildan Activewear has a 52-week low of C$30.97 and a 52-week high of C$42.18. The company has a market capitalization of $9,240.00, a PE ratio of 19.89 and a beta of 0.37.
In related news, insider Jonathan Roiter sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$38.25, for a total value of C$114,750.00. Also, Director Michael Hoffman sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of C$38.41, for a total value of C$1,152,300.00. Insiders sold a total of 99,136 shares of company stock worth $3,813,615 in the last 90 days.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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