UniFirst (NYSE:UNF) Issues Earnings Results

UniFirst (NYSE:UNF) posted its earnings results on Wednesday. The textile maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03), Briefing.com reports. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $602.81 million. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. UniFirst updated its FY25 guidance to $7.30-7.70 EPS and its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Stock Performance

NYSE:UNF traded up $3.34 during trading on Wednesday, reaching $178.70. The company’s stock had a trading volume of 21,301 shares, compared to its average volume of 97,864. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 22.85 and a beta of 0.89. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70. The firm has a 50 day moving average of $208.08 and a 200-day moving average of $198.63.

UniFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.78%. UniFirst’s dividend payout ratio is currently 17.90%.

Analyst Upgrades and Downgrades

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

Insider Activity at UniFirst

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