UniFirst (NYSE:UNF) Issues FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.790-7.190 for the period, compared to the consensus EPS estimate of 7.650. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UNF. StockNews.com upgraded UniFirst from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 24th. Robert W. Baird raised their price objective on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $186.25.

UniFirst Stock Up 20.6 %

Shares of NYSE UNF opened at $204.13 on Wednesday. The company has a market capitalization of $3.79 billion, a PE ratio of 26.27 and a beta of 0.87. The stock’s 50 day moving average price is $189.46 and its 200-day moving average price is $186.31. UniFirst has a twelve month low of $149.58 and a twelve month high of $243.70.

UniFirst Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $0.35 per share. The ex-dividend date was Friday, December 6th. This is a positive change from UniFirst’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 0.69%. UniFirst’s dividend payout ratio (DPR) is currently 18.02%.

Insider Buying and Selling

In related news, VP David Martin Katz sold 587 shares of UniFirst stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.08, for a total value of $113,337.96. Following the sale, the vice president now owns 5,625 shares of the company’s stock, valued at approximately $1,086,075. The trade was a 9.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $190.97, for a total value of $1,814,215.00. Following the transaction, the insider now directly owns 17,390 shares of the company’s stock, valued at approximately $3,320,968.30. This trade represents a 35.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,294 shares of company stock valued at $2,546,632. 0.86% of the stock is owned by insiders.

About UniFirst

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.