Gildan Activewear (NYSE:GIL) issued its quarterly earnings data on Thursday. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01, ARN reports. The company had revenue of $626.20 million for the quarter, compared to the consensus estimate of $604.71 million. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Gildan Activewear updated its FY14 guidance to $3.00-3.10 EPS.
On a related note, analysts at Raymond James raised their price target on shares of Gildan Activewear to $55.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $48.03.
Shares of Gildan Activewear (NYSE:GIL) opened at 47.13 on Friday. Gildan Activewear has a 52 week low of $32.90 and a 52 week high of $50.44. The stock has a 50-day moving average of $47.63 and a 200-day moving average of $44.46. The company has a market cap of $5.740 billion and a price-to-earnings ratio of 18.49.
Gildan Activewear Inc (NYSE:GIL) is a marketer and vertically-integrated global manufacturer of basic, non-fashion apparel products for customers.
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