Analysts Anticipate Unifirst Corporation (UNF) to Announce $1.41 EPS
Unifirst Corporation (NYSE:UNF) has been assigned a consensus broker rating score of 2.67 (Hold) from the six brokers that provide coverage for the stock, Zacks Investment Research reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12-month consensus target price of $158.00 for the company and are anticipating that the company will post $1.41 EPS for the current quarter, according to Zacks. Zacks has also given Unifirst Corporation an industry rank of 123 out of 265 based on the ratings given to related companies.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Unifirst Corporation from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 21st. Northcoast Research restated a “neutral” rating on shares of Unifirst Corporation in a research note on Thursday, October 19th. Robert W. Baird upped their target price on shares of Unifirst Corporation from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. Finally, BidaskClub downgraded shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of Unifirst Corporation during the second quarter valued at approximately $149,000. Riverhead Capital Management LLC boosted its stake in shares of Unifirst Corporation by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock valued at $155,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank boosted its stake in shares of Unifirst Corporation by 6.4% during the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 77 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Unifirst Corporation during the first quarter valued at approximately $213,000. Finally, Shelton Capital Management bought a new position in shares of Unifirst Corporation during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 73.61% of the company’s stock.
Unifirst Corporation (NYSE UNF) opened at $156.95 on Friday. The company has a market capitalization of $3,182.16, a P/E ratio of 29.73, a PEG ratio of 2.98 and a beta of 0.74.
Unifirst Corporation (NYSE:UNF) last issued its earnings results on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.20. The business had revenue of $403.60 million for the quarter, compared to the consensus estimate of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 EPS. research analysts forecast that Unifirst Corporation will post 5.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Unifirst Corporation’s dividend payout ratio is presently 4.37%.
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Unifirst Corporation Company Profile
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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