UniFirst (NYSE:UNF – Get Free Report) announced its earnings results on Wednesday, October 21st. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.14), FiscalAI reports. The company had revenue of $645.01 million during the quarter, compared to analyst estimates of $634.40 million. During the same quarter in the previous year, the company posted $2.23 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year.
UniFirst Price Performance
Shares of UNF opened at $250.83 on Wednesday. The firm has a 50-day moving average of $268.91 and a 200-day moving average of $259.34. UniFirst has a one year low of $147.66 and a one year high of $306.67.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on UNF. Zacks Research upgraded shares of UniFirst from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. UBS Group set a $262.00 target price on shares of UniFirst in a research report on Monday, July 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of UniFirst in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.67.
Read Our Latest Analysis on UniFirst
About UniFirst
UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.
The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.
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