Unifirst Corporation (UNF) Expected to Post Earnings of $1.24 Per Share
Equities research analysts predict that Unifirst Corporation (NYSE:UNF) will report earnings of $1.24 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Unifirst Corporation’s earnings, with the highest EPS estimate coming in at $1.32 and the lowest estimate coming in at $1.19. Unifirst Corporation reported earnings of $1.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.4%. The business is expected to announce its next earnings results on Wednesday, October 18th.
According to Zacks, analysts expect that Unifirst Corporation will report full-year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.89 to $5.00. For the next financial year, analysts expect that the business will report earnings of $5.53 per share, with EPS estimates ranging from $5.44 to $5.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Unifirst Corporation.
Unifirst Corporation (NYSE:UNF) last posted its quarterly earnings results on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. Unifirst Corporation had a net margin of 7.12% and a return on equity of 7.41%. The company had revenue of $409.80 million during the quarter, compared to analysts’ expectations of $396.07 million. During the same quarter in the previous year, the business posted $1.49 EPS. The firm’s revenue was up 11.4% on a year-over-year basis.
A number of research analysts have recently commented on UNF shares. Zacks Investment Research upgraded Unifirst Corporation from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, May 30th. Robert W. Baird upgraded Unifirst Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $145.00 to $163.00 in a report on Thursday, June 29th. Finally, BidaskClub lowered Unifirst Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Several hedge funds and other institutional investors have recently modified their holdings of UNF. Louisiana State Employees Retirement System raised its position in shares of Unifirst Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the textile maker’s stock worth $891,000 after buying an additional 100 shares during the period. Huntington National Bank boosted its stake in Unifirst Corporation by 10.3% in the first quarter. Huntington National Bank now owns 1,208 shares of the textile maker’s stock worth $171,000 after buying an additional 113 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Unifirst Corporation by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 1,710 shares of the textile maker’s stock worth $241,000 after buying an additional 40 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Unifirst Corporation by 24.9% in the first quarter. Russell Investments Group Ltd. now owns 159,864 shares of the textile maker’s stock worth $22,624,000 after buying an additional 31,831 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Unifirst Corporation by 5.8% in the first quarter. Wells Fargo & Company MN now owns 100,778 shares of the textile maker’s stock worth $14,255,000 after buying an additional 5,538 shares in the last quarter. Institutional investors own 73.47% of the company’s stock.
Unifirst Corporation (NYSE:UNF) traded up 0.07% on Wednesday, reaching $138.15. 46,661 shares of the company’s stock traded hands. The firm has a market capitalization of $2.80 billion, a P/E ratio of 25.46 and a beta of 0.70. Unifirst Corporation has a 52 week low of $116.67 and a 52 week high of $147.65. The stock has a 50-day moving average of $139.52 and a 200 day moving average of $137.68.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.0375 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Unifirst Corporation’s dividend payout ratio (DPR) is presently 2.77%.
About Unifirst Corporation
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Unifirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifirst Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.