Vestis (VSTS) Scheduled to Post Earnings on Thursday

Vestis (NYSE:VSTS) will issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Vestis has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Vestis (NYSE:VSTS) last released its earnings results on Wednesday, February 7th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $717.90 million during the quarter, compared to the consensus estimate of $724.72 million. Vestis’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Trading Down 0.4 %

Shares of NYSE:VSTS opened at $18.83 on Tuesday. Vestis has a 12-month low of $13.83 and a 12-month high of $22.37. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.23 and a current ratio of 2.61. The company has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $18.75.

Vestis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, March 14th.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VSTS. The Goldman Sachs Group initiated coverage on Vestis in a report on Thursday, January 25th. They set a “neutral” rating and a $22.00 target price on the stock. Barclays downgraded shares of Vestis from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $17.00 to $19.00 in a report on Wednesday, February 28th. Finally, Wolfe Research started coverage on shares of Vestis in a report on Thursday, January 11th. They set an “outperform” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.56.

Insider Buying and Selling at Vestis

In other news, CEO Kim Scott purchased 15,000 shares of the stock in a transaction dated Friday, February 9th. The stock was acquired 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 of the company’s stock, valued at $3,505,127.34. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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.