Brokerages Expect Unifi, Inc. (NYSE:UFI) Will Post Quarterly Sales of $210.00 Million

Wall Street brokerages expect Unifi, Inc. (NYSE:UFIGet Rating) to post $210.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Unifi’s earnings, with estimates ranging from $205.00 million to $215.00 million. Unifi posted sales of $184.45 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Unifi will report full year sales of $808.20 million for the current year, with estimates ranging from $803.20 million to $813.20 million. For the next financial year, analysts expect that the firm will report sales of $869.25 million, with estimates ranging from $868.50 million to $870.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Unifi.

A number of equities analysts have recently weighed in on UFI shares. Zacks Investment Research lowered Unifi from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. StockNews.com started coverage on Unifi in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of UFI traded up $0.67 during mid-day trading on Friday, reaching $15.45. The company’s stock had a trading volume of 37,385 shares, compared to its average volume of 65,766. Unifi has a 1-year low of $13.14 and a 1-year high of $28.33. The stock has a market cap of $285.49 million, a P/E ratio of 11.70 and a beta of 1.04. The business has a 50-day simple moving average of $15.99 and a two-hundred day simple moving average of $19.26. The company has a current ratio of 3.14, a quick ratio of 1.71 and a debt-to-equity ratio of 0.24.

In related news, CEO Edmund M. Ingle bought 5,300 shares of the business’s stock in a transaction on Friday, May 6th. The shares were purchased at an average cost of $13.65 per share, with a total value of $72,345.00. Following the acquisition, the chief executive officer now owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Creaturo bought 7,000 shares of the business’s stock in a transaction on Thursday, May 5th. The shares were bought at an average cost of $14.05 per share, for a total transaction of $98,350.00. Following the completion of the acquisition, the chief financial officer now directly owns 47,508 shares in the company, valued at approximately $667,487.40. The disclosure for this purchase can be found here. Company insiders own 27.36% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Cornercap Investment Counsel Inc. increased its holdings in shares of Unifi by 1.2% in the third quarter. Cornercap Investment Counsel Inc. now owns 43,108 shares of the textile maker’s stock worth $945,000 after purchasing an additional 493 shares during the period. Deutsche Bank AG increased its holdings in shares of Unifi by 10.4% in the fourth quarter. Deutsche Bank AG now owns 8,680 shares of the textile maker’s stock worth $201,000 after purchasing an additional 817 shares during the period. State of Tennessee Treasury Department increased its holdings in shares of Unifi by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 5,683 shares of the textile maker’s stock worth $103,000 after purchasing an additional 861 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Unifi by 274.7% in the third quarter. Advisor Group Holdings Inc. now owns 1,199 shares of the textile maker’s stock worth $27,000 after purchasing an additional 879 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Unifi by 33.9% in the fourth quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock worth $83,000 after purchasing an additional 915 shares during the period. 74.37% of the stock is owned by hedge funds and other institutional investors.

Unifi Company Profile (Get Rating)

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.

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