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.

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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.

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Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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