UniFirst (UNF) Projected to Post 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.Parties that are interested in registering for the company’s conference call can do so using this link.

UniFirst (NYSE:UNF) last released its quarterly earnings results on Wednesday, January 8th. The textile maker reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.09. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The business had revenue of $604.91 million for the quarter, compared to the consensus estimate of $606.60 million. UniFirst’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $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 Trading Down 2.4 %

Shares of NYSE:UNF opened at $173.77 on Monday. The stock has a market capitalization of $3.23 billion, a PE ratio of 22.22 and a beta of 0.89. UniFirst has a 1 year low of $149.58 and a 1 year high of $243.70. The firm has a fifty day moving average price of $210.10 and a 200 day moving average price of $198.81.

UniFirst Dividend Announcement

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

Insider Activity

In related news, VP David Martin Katz sold 1,299 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 6,455 shares in the company, valued at $1,361,682.25. This represents a 16.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UNF. StockNews.com downgraded UniFirst from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group dropped their price target on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th.

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.