UniFirst (NYSE:UNF) Posts Quarterly Earnings Results, Misses Expectations By $0.14 EPS

UniFirst (NYSE:UNF) announced its earnings results on Wednesday. The textile maker reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($0.14), FiscalAI reports. UniFirst had a return on equity of 6.44% and a net margin of 4.65%. The business had revenue of $645.01 million for the quarter, compared to analyst estimates of $634.40 million.

UniFirst Stock Performance

Shares of UNF opened at $266.40 on Wednesday. The stock has a market capitalization of $4.82 billion, a P/E ratio of 42.02 and a beta of 0.60. The company’s fifty day moving average is $270.13 and its two-hundred day moving average is $269.67. UniFirst has a 1 year low of $147.66 and a 1 year high of $306.67.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group set a $262.00 price target on UniFirst in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UniFirst in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $246.67.

About UniFirst

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.