Vestis (NYSE:VSTS – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09), Briefing.com reports. The firm had revenue of $705.37 million for the quarter, compared to analyst estimates of $722.54 million. The firm’s revenue for the quarter was up .9% compared to the same quarter last year.
Vestis Price Performance
NYSE VSTS traded down $0.75 on Friday, reaching $9.41. The company’s stock had a trading volume of 24,764,651 shares, compared to its average volume of 2,588,736. Vestis has a twelve month low of $8.92 and a twelve month high of $22.37. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.51 and a quick ratio of 2.23. The firm’s 50 day moving average is $18.38 and its two-hundred day moving average is $18.67.
Vestis Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, March 14th.
Analyst Ratings Changes
Read Our Latest Stock Report on VSTS
Insider Transactions at Vestis
In other Vestis news, CEO Kim Scott purchased 15,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $19.14 per share, for a total transaction of $287,100.00. Following the completion of the transaction, the chief executive officer now owns 183,131 shares in the company, valued at approximately $3,505,127.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Vestis Company Profile
Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.
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