Somewhat Positive Media Coverage Somewhat Unlikely to Impact Unifi (UFI) Stock Price
Media stories about Unifi (NYSE:UFI) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Unifi earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the textile maker an impact score of 46.2830771264382 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Unifi Software Announces OneMind™, Artificial Intelligence Powering Every Stage of the Analytic Process (markets.financialcontent.com)
- Jive Communications Ranks in Top 20 for Best Places to Work and Top CEOs (prweb.com)
- Nasuni Extends Hybrid Cloud File Services Platform (prweb.com)
- Barstow Unified School District in California Wins National Award for its Use of Online Therapy with Students with Special Needs (prweb.com)
- Gullicksen Calls GOP Tax Plan ‘Dark Cloud Looming on the Real Estate Horizon’ (prweb.com)
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Unifi from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. CJS Securities initiated coverage on shares of Unifi in a research note on Wednesday, September 20th. They set an “outperform” rating and a $42.00 target price for the company. Finally, ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th.
Shares of Unifi (UFI) opened at $34.74 on Wednesday. Unifi has a one year low of $26.02 and a one year high of $39.21. The firm has a market cap of $651.81, a PE ratio of 19.39 and a beta of 0.84. The company has a quick ratio of 1.83, a current ratio of 3.39 and a debt-to-equity ratio of 0.29.
Unifi (NYSE:UFI) last released its quarterly earnings results on Monday, October 23rd. The textile maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $164.24 million during the quarter, compared to analyst estimates of $163.42 million. Unifi had a net margin of 4.98% and a return on equity of 9.53%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. analysts anticipate that Unifi will post 1.98 EPS for the current year.
In other Unifi news, Director Kenneth G. Langone purchased 5,949 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought at an average price of $37.74 per share, for a total transaction of $224,515.26. Following the acquisition, the director now owns 1,120,000 shares in the company, valued at $42,268,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Bishop acquired 5,427 shares of the stock in a transaction on Thursday, November 9th. The stock was bought at an average price of $34.76 per share, for a total transaction of $188,642.52. Following the transaction, the director now owns 10,288 shares in the company, valued at approximately $357,610.88. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,118 shares of company stock worth $622,913. Corporate insiders own 15.40% of the company’s stock.
Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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