UniFirst (NYSE:UNF) Announces Earnings Results

UniFirst (NYSE:UNF) announced its quarterly earnings data on Wednesday. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.09, RTT News reports. UniFirst had a return on equity of 7.47% and a net margin of 5.99%. The company had revenue of $604.91 million for the quarter, compared to analysts’ expectations of $606.60 million. During the same quarter in the prior year, the business posted $2.26 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. UniFirst updated its FY 2025 guidance to 6.790-7.190 EPS.

UniFirst Stock Performance

NYSE UNF opened at $204.13 on Wednesday. The stock has a market cap of $3.79 billion, a PE ratio of 26.27 and a beta of 0.87. The firm has a 50-day moving average of $189.46 and a 200-day moving average of $186.31. UniFirst has a 52-week low of $149.58 and a 52-week high of $243.70.

UniFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $0.35 dividend. This is an increase from UniFirst’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, December 6th. UniFirst’s payout ratio is currently 18.02%.

Analyst Ratings Changes

Several research firms have issued reports on UNF. Robert W. Baird upped their price target on shares of UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised shares of UniFirst from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.25.

Insider Activity at UniFirst

In other news, VP David Martin Katz sold 587 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total transaction of $113,337.96. Following the completion of the sale, the vice president now owns 5,625 shares in the company, valued at $1,086,075. The trade was a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Steven S. Sintros sold 3,207 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.04, for a total value of $619,079.28. Following the transaction, the chief executive officer now owns 22,571 shares in the company, valued at approximately $4,357,105.84. This trade represents a 12.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,294 shares of company stock worth $2,546,632. Insiders own 0.86% of the company’s stock.

UniFirst Company Profile

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.