Gildan Activewear (GIL) Projected to Post Earnings on Wednesday

Gildan Activewear (NYSE:GIL - Get Free Report) TSE: GIL is expected to post its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Gildan Activewear to post earnings of $1.13 per share and revenue of $805.75 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Gildan Activewear Stock Performance

GIL traded down $0.11 during trading on Friday, reaching $50.95. 445,180 shares of the company's stock were exchanged, compared to its average volume of 500,609. The company has a market capitalization of $7.77 billion, a P/E ratio of 20.14, a PEG ratio of 1.71 and a beta of 1.41. The company has a quick ratio of 0.98, a current ratio of 2.31 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $49.10 and a 200 day moving average price of $47.25. Gildan Activewear has a fifty-two week low of $32.23 and a fifty-two week high of $53.28.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. CIBC increased their price target on shares of Gildan Activewear from $48.00 to $56.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Gildan Activewear from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets boosted their price target on Gildan Activewear from $47.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. UBS Group raised Gildan Activewear from a "neutral" rating to a "buy" rating and boosted their price target for the company from $50.00 to $60.00 in a research note on Friday, January 10th. Finally, TD Securities boosted their target price on shares of Gildan Activewear from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gildan Activewear has an average rating of "Buy" and a consensus price target of $54.78.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands.