Vestis (VSTS) Expected to Announce Quarterly Earnings on Friday

Vestis (NYSE:VSTS) will likely be posting its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Vestis to post earnings of $0.12 per share and revenue of $688.89 million for the quarter. Vestis has set its FY 2025 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Vestis (NYSE:VSTS) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $684.28 million for the quarter, compared to analysts’ expectations of $693.54 million. Vestis had a return on equity of 9.07% and a net margin of 0.75%. The company’s revenue was down 4.4% on a year-over-year basis. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Trading Up 0.2 %

NYSE:VSTS opened at $16.02 on Wednesday. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 100.11 and a beta of 1.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. The business has a fifty day moving average price of $16.00 and a 200-day moving average price of $14.67. Vestis has a one year low of $8.92 and a one year high of $22.37.

Vestis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 13th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, December 13th. Vestis’s payout ratio is 87.51%.

Wall Street Analysts Forecast Growth

VSTS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. The Goldman Sachs Group increased their price objective on shares of Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Barclays lifted their target price on shares of Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.08.

About Vestis

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.