UniFirst (NYSE:UNF – Get Free Report) announced its quarterly earnings results on Wednesday. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.14), FiscalAI reports. The company had revenue of $645.01 million during the quarter, compared to analyst estimates of $634.40 million. UniFirst had a net margin of 4.65% and a return on equity of 6.44%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS.
UniFirst Trading Up 0.2%
Shares of NYSE:UNF traded up $0.53 on Wednesday, reaching $267.16. 2,607 shares of the company’s stock were exchanged, compared to its average volume of 256,114. UniFirst has a twelve month low of $147.66 and a twelve month high of $306.67. The company has a fifty day moving average of $270.13 and a 200-day moving average of $269.67. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 42.14 and a beta of 0.60.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UniFirst in a research report on Tuesday, October 6th. UBS Group set a $262.00 price target on UniFirst in a report on Monday, July 6th. Four analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $246.67.
UniFirst Company Profile
UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.
The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.
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