Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Investment analysts at Desjardins issued their Q3 2020 earnings per share estimates for shares of Gildan Activewear in a research note issued on Saturday, November 30th. Desjardins analyst C. Li expects that the company will post earnings of $0.86 per share for the quarter. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Gildan Activewear’s Q4 2020 earnings at $0.73 EPS, FY2021 earnings at $2.87 EPS and FY2022 earnings at $3.23 EPS.
Separately, National Bank Financial dropped their target price on Gildan Activewear from C$48.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st.
TSE:GIL opened at C$38.50 on Tuesday. The firm has a market capitalization of $7.94 billion and a PE ratio of 27.58. The stock has a 50 day moving average of C$36.79 and a 200-day moving average of C$46.35. The company has a current ratio of 4.18, a quick ratio of 1.54 and a debt-to-equity ratio of 53.51. Gildan Activewear has a 52 week low of C$30.81 and a 52 week high of C$53.33.
Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.70 by C($0.01). The company had revenue of C$976.57 million for the quarter, compared to analysts’ expectations of C$976.80 million.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 9th will be given a $0.134 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.54 annualized dividend and a yield of 1.39%. Gildan Activewear’s dividend payout ratio is presently 36.82%.
In other Gildan Activewear news, Senior Officer Benito Masi sold 17,260 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$35.53, for a total transaction of C$613,192.57. Following the completion of the transaction, the insider now directly owns 172,392 shares of the company’s stock, valued at approximately C$6,124,536.11.
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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