Research Analysts Offer Predictions for Vestis Q1 Earnings

Vestis Co. (NYSE:VSTS) – Equities researchers at William Blair lowered their Q1 2025 earnings per share (EPS) estimates for Vestis in a research report issued on Friday, November 22nd. William Blair analyst T. Mulrooney now expects that the company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.18. The consensus estimate for Vestis’ current full-year earnings is $0.68 per share. William Blair also issued estimates for Vestis’ Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.64 EPS.

A number of other brokerages also recently commented on VSTS. Baird R W downgraded shares of Vestis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Barclays increased their price objective on Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday. Robert W. Baird downgraded shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price target for the company. in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on shares of Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.43.

Vestis Trading Up 1.8 %

Shares of Vestis stock opened at $16.31 on Monday. The stock has a market cap of $2.14 billion and a P/E ratio of 100.13. Vestis has a 12-month low of $8.92 and a 12-month high of $22.37. The business’s 50 day moving average is $14.60 and its 200-day moving average is $13.35. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40.

Institutional Trading of Vestis

Several institutional investors have recently added to or reduced their stakes in VSTS. Brooklyn Investment Group acquired a new stake in Vestis during the third quarter worth approximately $27,000. Nomura Asset Management Co. Ltd. grew its holdings in Vestis by 104.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,020 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vestis in the third quarter valued at about $41,000. Canada Pension Plan Investment Board purchased a new stake in Vestis in the 2nd quarter valued at about $44,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vestis during the third quarter valued at approximately $51,000. 97.40% of the stock is currently owned by institutional investors.

Vestis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.14 annualized dividend and a dividend yield of 0.86%. Vestis’s dividend payout ratio is 87.51%.

About Vestis

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.