Analysts See $0.48 EPS for Gildan Activewear Inc (USA) (GIL)

July 17, 2017 - By Peter Erickson

 Analysts See $0.48 EPS for Gildan Activewear Inc (USA) (GIL)

Wall Street await Gildan Activewear Inc (USA) (NYSE:GIL) to release earnings on July, 26. Analysts forecast EPS of $0.48, up exactly $0.07 or 17.07 % from 2014’s $0.41 EPS. The expected GIL’s profit could reach $111.53M giving the stock 15.65 P/E in the case that $0.48 earnings per share is reported. After posting $0.39 EPS for the previous quarter, Gildan Activewear Inc (USA)’s analysts now forecast 23.08 % EPS growth. The stock decreased 0.50% or $0.15 during the last trading session, reaching $30.04. About 266,667 shares traded. Gildan Activewear Inc (USA) (NYSE:GIL) has declined 3.41% since July 18, 2016 and is downtrending. It has underperformed by 20.11% the S&P500.

Gildan Activewear Inc (USA) (NYSE:GIL) Ratings Coverage

Among 9 analysts covering Gildan Activewear Inc. (NYSE:GIL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Gildan Activewear Inc. had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Neutral” rating by DA Davidson on Monday, October 26. Desjardins Securities upgraded Gildan Activewear Inc (USA) (NYSE:GIL) rating on Tuesday, August 4. Desjardins Securities has “Buy” rating and $46.50 target. RBC Capital Markets downgraded Gildan Activewear Inc (USA) (NYSE:GIL) on Tuesday, July 11 to “Hold” rating. Brean Capital initiated Gildan Activewear Inc (USA) (NYSE:GIL) on Thursday, October 15 with “Hold” rating. The company was maintained on Tuesday, August 4 by Scotia Capital. The stock of Gildan Activewear Inc (USA) (NYSE:GIL) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The stock has “Sell” rating by Zacks on Monday, August 17. As per Friday, April 28, the company rating was maintained by TD Securities. The rating was upgraded by Credit Suisse on Friday, October 16 to “Outperform”. Credit Suisse downgraded it to “Neutral” rating and $45 target in Tuesday, August 4 report.

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 has market cap of $6.98 billion. The Firm operates through two divisions: Printwear and Branded Apparel. It has a 19.06 P/E ratio. The Printwear segment designs, makes, sources, markets, and distributes undecorated activewear products.

Another recent and important Gildan Activewear Inc (USA) (NYSE:GIL) news was published by Fool.ca which published an article titled: “Gildan Activewear Inc.: A Great, Boring Business That’s on Sale!” on May 30, 2017.

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