Gildan Activewear Inc (USA) (GIL) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Gildan Activewear Inc (USA) (GIL) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.42. The company posted revenue of $688.90 million in the period, compared to analysts expectations of $702.61 million. The company’s revenue was down -3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Gildan Activewear Inc (USA). Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .

Gildan Activewear Inc (USA) opened for trading at $29.15 and hit $29.48 on the upside on Thursday, eventually ending the session at $29.46, with a gain of 0.92% or 0.27 points. The heightened volatility saw the trading volume jump to 4,72,699 shares. Company has a market cap of $6,945 M.

Gildan Activewear Inc. (Gildan) supplies branded basic family apparel including T-shirts fleece sport shirts underwear socks hosiery and shapewear. The Company markets its products under a diversified portfolio of Company-owned brands including the Gildan Gold Toe Anvil brands and brand extensions Secret Silks Therapy Plus and Kushyfoo as well as under licensing arrangements for the Under Armour Mossy Oak and New Balance brands. It operates in two segments Printwear and Branded Apparel. The Company owns and operates manufacturing facilities which are primarily located in Central America and the Caribbean Basin. The Company manufactures and sells apparel products in the United States Canada Europe and the Asia-Pacific region.

Gildan Activewear Inc (USA)

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