UniFirst Corp (NYSE:UNF) – Research analysts at Barrington Research boosted their FY2018 earnings per share estimates for shares of UniFirst in a research note issued on Thursday. Barrington Research analyst K. Steinke now forecasts that the textile maker will post earnings of $5.39 per share for the year, up from their previous estimate of $5.17.

UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.38 EPS.

UNF has been the subject of several other research reports. Zacks Investment Research lowered shares of UniFirst from a “hold” rating to a “strong sell” rating in a report on Saturday, October 21st. Northcoast Research restated a “neutral” rating on shares of UniFirst in a report on Thursday, October 19th. Finally, Robert W. Baird raised their target price on shares of UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $180.00.

UniFirst (NYSE UNF) traded down $1.55 during trading on Monday, hitting $168.50. 59,950 shares of the stock traded hands, compared to its average volume of 95,364. The company has a market cap of $3,420.00, a price-to-earnings ratio of 45.05, a PEG ratio of 3.17 and a beta of 0.74. UniFirst has a 12-month low of $124.85 and a 12-month high of $176.15.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC purchased a new position in shares of UniFirst in the 2nd quarter worth approximately $121,138,000. Russell Investments Group Ltd. grew its position in shares of UniFirst by 23.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 197,868 shares of the textile maker’s stock worth $29,971,000 after buying an additional 37,150 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of UniFirst by 5.3% in the 3rd quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock worth $88,912,000 after buying an additional 29,575 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of UniFirst by 11.1% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 254,924 shares of the textile maker’s stock worth $35,868,000 after buying an additional 25,386 shares during the last quarter. Finally, Atlantic Trust Group LLC purchased a new position in shares of UniFirst in the 3rd quarter worth approximately $3,068,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $168.15, for a total value of $178,239.00. Following the transaction, the vice president now owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael A. Croatti sold 1,216 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $168.99, for a total transaction of $205,491.84. Following the transaction, the vice president now directly owns 3,375 shares in the company, valued at approximately $570,341.25. The disclosure for this sale can be found here. Insiders sold a total of 2,401 shares of company stock worth $405,193 in the last ninety days. 1.00% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, March 8th. UniFirst’s dividend payout ratio is presently 4.01%.

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About UniFirst

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.

Earnings History and Estimates for UniFirst (NYSE:UNF)

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