UniFirst (NYSE:UNF) Releases Earnings Results, Misses Estimates By $0.14 EPS

UniFirst (NYSE:UNF) announced its earnings results on Wednesday. The textile maker reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.14), FiscalAI reports. The business had revenue of $645.01 million during the quarter, compared to analysts’ expectations of $634.40 million. UniFirst had a return on equity of 6.44% and a net margin of 4.65%. UniFirst’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 EPS.

UniFirst Stock Up 2.7%

Shares of NYSE UNF opened at $273.75 on Thursday. The company has a market cap of $4.95 billion, a P/E ratio of 43.18 and a beta of 0.60. UniFirst has a 52 week low of $147.66 and a 52 week high of $306.67. The business has a 50-day simple moving average of $269.80 and a two-hundred day simple moving average of $269.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UNF shares. UBS Group set a $262.00 target price on UniFirst in a research note on Monday, July 6th. Weiss Ratings restated a “hold (c+)” rating on shares of UniFirst in a report on Tuesday, October 6th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, UniFirst has an average rating of “Hold” and an average price target of $246.67.

UniFirst Company Profile

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.