Unifirst (UNF) Receiving Somewhat Positive Press Coverage, Report Finds
Press coverage about Unifirst (NYSE:UNF) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unifirst earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.2965719542728 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several brokerages recently issued reports on UNF. Robert W. Baird lifted their price target on shares of Unifirst from $163.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, October 19th. Northcoast Research reissued a “neutral” rating on shares of Unifirst in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Unifirst from a “buy” rating to a “hold” rating in a report on Saturday, September 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Unifirst currently has a consensus rating of “Hold” and an average target price of $165.00.
Shares of Unifirst (UNF) traded up $3.25 during mid-day trading on Tuesday, reaching $167.05. 73,999 shares of the company traded hands, compared to its average volume of 56,721. Unifirst has a 12-month low of $124.85 and a 12-month high of $168.05. The company has a market cap of $3,326.11, a P/E ratio of 31.07, a P/E/G ratio of 3.12 and a beta of 0.74.
Unifirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.20. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The firm had revenue of $403.60 million during the quarter, compared to the consensus estimate of $392.15 million. During the same period last year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. equities research analysts expect that Unifirst will post 5.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 8th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, December 7th. Unifirst’s dividend payout ratio is currently 4.37%.
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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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