30.07 0.00 (0.00%)
After hours: 4:57PM EST
|Bid||30.06 x 1800|
|Ask||30.08 x 800|
|Day's Range||29.80 - 30.27|
|52 Week Range||23.45 - 40.40|
|Beta (5Y Monthly)||0.83|
|PE Ratio (TTM)||21.54|
|Forward Dividend & Yield||0.54 (1.79%)|
|Ex-Dividend Date||Nov 11, 2019|
|1y Target Est||31.51|
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The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing more than 750 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of September […]
Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. "As we looked at our cost structure in the future, we feel that we can achieve a much lower cost by limiting the facilities," CEO Glenn Chamandy told analysts on the company's earnings call Oct. 31. The closure of Gildan Activewear's two textile plants — Cactex and Alstyle — in the cities of Hermosillo and Agua Prieta is related to declining sales and higher operating costs during the third quarter, company officials said.
Gildan (GIL) delivered earnings and revenue surprises of 0.00% and -0.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Gildan Activewear Inc. reported third-quarter net income of $104.9 million, or 51 cents per share, down from $114.3 million, or 55 cents per share, in 2018. Adjusted EPS was 53 cents, in line with FactSet consensus. Sales totaled $739.7 million, down from $754.4 million last year and below FactSet guidance for $745.0 million. Gildan issued a profit warning for third-quarter earnings recently, attributing the shortfall and the accompanying guidance cut to weakness in the imprintables business. "While weaker imprintables order flow in North America and ongoing softness in international imprintables markets is currently dampening sales and earnings growth in 2019, we do not believe this reflects a structural change to our business as a leading supplier of basic replenishment apparel driven by our large scale, low-cost vertically-integrated manufacturing system," the company said in a statement. Gildan still expects full-year 2019 sales to be down low-single digits. EPS is expected to be $1.43 to $1.48, down from previous guidance of $1.50 to $1.55, and adjusted EPS is projected to be in the range of $1.65 to $1.70. FactSet is forecasting sales of $3.75 billion, implying a 2.2% decline, and EPS of $2.22. Gildan stock is down 18.3% for the year to date while the S&P 500 index is up 21.5% for the period.
Q3 2019 sales of $740 million, down 2%, GAAP diluted EPS of $0.51 and adjusted diluted EPS1 of $0.53 down 7% over prior year quarterCompany announces move of textile and sewing.
Gildan (GIL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
V.F. Corp's (VFC) higher investments toward brand development and technology enhancements might show on second-quarter fiscal 2020 performance.
Gildan Activewear (NYSE: GIL ) shares were trading sharply lower on Friday after the apparel company issued weak third-quarter preliminary earnings guidance. The Analyst Bank of America Merrill Lynch analyst ...
MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL:TSX and NYSE) today announced that it expects to report GAAP diluted EPS for the third quarter ended September 29, 2019 of approximately $0.51 and adjusted diluted EPS1 of approximately $0.53, both down 7% over the third quarter of 2018. Sales for the third quarter are expected to be approximately $740 million, down 2% over the same quarter last year, reflecting estimated activewear sales of $620 million and sales of $120 million in the hosiery and underwear category. The Company’s previous guidance provided on August 1, 2019 called for adjusted diluted EPS growth to be flat in the third quarter, on projected sales growth in the mid-single-digit range over the third quarter last year. During the third quarter of 2019, we experienced significantly weaker than expected demand for imprintables in North America and ongoing softness in international imprintable markets.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
The new location will be the company’s fifth yarn spinning mill in the state. Eden is already home to Gildan’s first large-scale distribution center.
Whirlpool's (WHR) soft EMEA segment is likely to have hurt third-quarter 2019 results. Cost inflation, adverse currency and lower industry demand remain other deterrents.