Vestis (NYSE:VSTS) Announces Earnings Results

Vestis (NYSE:VSTS) issued its earnings results on Friday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02, Zacks reports. Vestis had a return on equity of 9.07% and a net margin of 0.75%. During the same quarter in the prior year, the business earned $0.22 earnings per share. Vestis updated its FY 2025 guidance to EPS.

Vestis Trading Down 14.0 %

Shares of Vestis stock traded down $2.22 on Friday, reaching $13.62. 3,028,259 shares of the company’s stock were exchanged, compared to its average volume of 1,170,877. The firm’s 50-day moving average is $16.05 and its two-hundred day moving average is $14.68. The company has a market capitalization of $1.79 billion, a P/E ratio of 84.97 and a beta of 1.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. Vestis has a 52 week low of $8.92 and a 52 week high of $22.37.

Vestis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.03%. Vestis’s dividend payout ratio (DPR) is presently 87.51%.

Wall Street Analyst Weigh In

VSTS has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Barclays boosted their price objective on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their target price on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.08.

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.