UniFirst (UNF) to Release Quarterly Earnings on Wednesday

UniFirst (NYSE:UNF) will likely be releasing its earnings data 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.Investors that wish to register for the company’s conference call can do so using this link.

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

UniFirst Price Performance

Shares of UniFirst stock opened at $173.77 on Monday. UniFirst has a 1-year low of $149.58 and a 1-year high of $243.70. The business’s fifty day moving average price is $210.10 and its two-hundred day moving average price is $198.81. The company has a market capitalization of $3.23 billion, a P/E ratio of 22.22 and a beta of 0.89.

UniFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, March 7th. UniFirst’s dividend payout ratio is currently 17.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UNF shares. StockNews.com downgraded UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group cut their price objective on UniFirst from $235.00 to $194.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th.

Insider Activity

In related news, VP David Martin Katz sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total transaction of $274,024.05. Following the completion of the sale, the vice president now directly owns 6,455 shares in the company, valued at approximately $1,361,682.25. This trade represents a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.86% of the stock is currently owned by corporate insiders.

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.