Q3 2018 EPS Estimates for Gildan Activewear Inc Cut by National Bank Financial (GIL)

Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) – Stock analysts at National Bank Financial lowered their Q3 2018 earnings per share estimates for shares of Gildan Activewear in a report issued on Sunday. National Bank Financial analyst V. Shreedhar now expects that the company will earn $0.72 per share for the quarter, down from their previous forecast of $0.73. National Bank Financial currently has a “Sector Perform” rating and a $44.00 price target on the stock.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.67 earnings per share for the quarter, beating 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%.

Several other analysts also recently commented on GIL. BMO Capital Markets cut their target price on Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus increased their target price on Gildan Activewear from C$34.00 to C$37.00 in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Gildan Activewear presently has a consensus rating of “Hold” and an average price target of C$39.50.

Gildan Activewear (TSE:GIL) traded down C$0.14 during mid-day trading on Tuesday, reaching C$41.75. The company had a trading volume of 467,559 shares, compared to its average volume of 370,716. Gildan Activewear has a one year low of C$30.97 and a one year high of C$42.18. The company has a market cap of $9,160.00, a price-to-earnings ratio of 19.88 and a beta of 0.37.

In other news, insider Jonathan Roiter sold 3,000 shares of the firm’s stock in a transaction on 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 firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of C$38.41, for a total value of C$1,152,300.00. Over the last quarter, insiders have sold 99,136 shares of company stock worth $3,813,615.

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Gildan Activewear Company Profile

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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