Unifi (NYSE:UFI) Issues Earnings Results

Unifi (NYSE:UFI) posted its quarterly earnings results on Tuesday. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02, Zacks reports. The company had revenue of $130.04 million during the quarter, compared to analysts’ expectations of $130.52 million. Unifi had a negative return on equity of 14.02% and a negative net margin of 1.50%.

Unifi Stock Up 3.5%

Shares of NYSE UFI traded up $0.14 on Thursday, hitting $4.02. The company had a trading volume of 74,063 shares, compared to its average volume of 39,687. The company has a quick ratio of 1.93, a current ratio of 3.99 and a debt-to-equity ratio of 0.40. Unifi has a 12-month low of $2.96 and a 12-month high of $5.42. The firm has a market capitalization of $74.60 million, a P/E ratio of -8.92 and a beta of 0.72. The business has a 50 day moving average of $3.72 and a two-hundred day moving average of $3.76.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research report on Monday, April 20th. Wall Street Zen upgraded Unifi from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Unifi

Institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new stake in shares of Unifi during the third quarter valued at approximately $54,000. Jane Street Group LLC purchased a new stake in Unifi during the 1st quarter worth $64,000. XTX Topco Ltd purchased a new stake in Unifi during the 2nd quarter worth $80,000. Goldman Sachs Group Inc. acquired a new position in Unifi in the 1st quarter worth $96,000. Finally, Marshall Wace LLP acquired a new position in Unifi in the 4th quarter worth $116,000. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Unifi Company Profile

Unifi, Inc (NYSE: UFI) is a global manufacturer of polyester and nylon textured yarns and fibers, specializing in both virgin and recycled synthetic materials. Headquartered in Greensboro, North Carolina, the company serves a diverse range of end markets including apparel, athleisure, home furnishings, automotive and industrial applications. Unifi’s vertically integrated operations encompass polymer extrusion, spinning, texturing, and finishing processes designed to meet the performance and aesthetic requirements of its customers.

A key differentiator for Unifi is its REPREVE® brand, a family of certified recycled performance fibers made from post‐consumer plastic bottles and other waste streams.