UniFirst (UNF) to Release Earnings on Wednesday

UniFirst (NYSE:UNF) is expected to post its quarterly earnings results before the market opens on Wednesday, April 2nd. Analysts expect UniFirst to post earnings of $1.28 per share and revenue of $602.81 million for the quarter. UniFirst has set its FY 2025 guidance at 6.790-7.190 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, January 8th. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.09. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The company had revenue of $604.91 million for the quarter, compared to analyst estimates of $606.60 million. During the same period last year, the business posted $2.26 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts expect UniFirst to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

UniFirst Stock Performance

NYSE UNF opened at $169.30 on Wednesday. UniFirst has a twelve month low of $149.58 and a twelve month high of $243.70. The stock has a market cap of $3.14 billion, a PE ratio of 21.65 and a beta of 0.89. The firm has a 50-day simple moving average of $213.31 and a 200 day simple moving average of $198.98.

UniFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, March 7th. UniFirst’s dividend payout ratio (DPR) is presently 17.90%.

Insider Activity

In other news, VP David Martin Katz sold 1,299 shares of UniFirst stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total value of $274,024.05. Following the completion of the transaction, the vice president now owns 6,455 shares in the company, valued at approximately $1,361,682.25. The trade was a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on UNF. UBS Group decreased their target price on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a research report on Tuesday. StockNews.com downgraded UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.