Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) released its quarterly earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.16, RTT News reports. Gildan Activewear had a return on equity of 15.91% and a net margin of 12.55%. During the same period last year, the firm posted $0.41 earnings per share.

Shares of Gildan Activewear (TSE:GIL) traded down 0.18% during midday trading on Thursday, reaching $37.79. The company’s stock had a trading volume of 661,094 shares. The stock’s 50 day moving average is $39.40 and its 200 day moving average is $36.71. The stock has a market capitalization of $8.51 billion and a PE ratio of 23.99. Gildan Activewear has a 12 month low of $30.97 and a 12 month high of $42.18.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.0935 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.99%.

GIL has been the topic of a number of research reports. Royal Bank Of Canada upped their price target on Gildan Activewear from C$39.00 to C$40.50 and gave the stock an “outperform” rating in a report on Monday, April 24th. TD Securities restated a “buy” rating and issued a C$42.00 price target on shares of Gildan Activewear in a report on Thursday, April 27th. Desjardins upped their price target on Gildan Activewear from C$38.00 to C$42.00 in a report on Thursday, May 4th. Scotiabank upped their price target on Gildan Activewear from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Finally, DA Davidson restated a “neutral” rating on shares of Gildan Activewear in a report on Thursday, May 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$41.60.

TRADEMARK VIOLATION WARNING: “Gildan Activewear Inc (GIL) Releases Earnings Results, Misses Expectations By $0.16 EPS” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.thecerbatgem.com/2017/08/03/gildan-activewear-inc-gil-releases-earnings-results-misses-expectations-by-0-16-eps.html.

In other Gildan Activewear news, insider Benito Masi sold 10,000 shares of Gildan Activewear stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of C$36.26, for a total value of C$362,600.00. Also, Director Anthony Frank Corsano sold 32,347 shares of Gildan Activewear stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of C$28.48, for a total transaction of C$921,242.56.

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.

Receive News & Stock Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related stocks with our FREE daily email newsletter.