UniFirst (NYSE:UNF) Issues Quarterly Earnings Results

UniFirst (NYSE:UNF) issued its quarterly earnings results on Wednesday. The textile maker reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03), Briefing.com reports. The business had revenue of $602.20 million during the quarter, compared to the consensus estimate of $602.81 million. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. UniFirst updated its FY25 guidance to $7.30-7.70 EPS and its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Stock Up 1.6 %

UniFirst stock traded up $2.84 during midday trading on Wednesday, reaching $178.20. The stock had a trading volume of 12,672 shares, compared to its average volume of 142,997. The firm has a market capitalization of $3.31 billion, a PE ratio of 22.79 and a beta of 0.89. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70. The firm’s 50-day moving average price is $208.08 and its 200 day moving average price is $198.63.

UniFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, March 7th. UniFirst’s dividend payout ratio (DPR) is currently 17.90%.

Analyst Upgrades and Downgrades

A number of research firms have commented on UNF. UBS Group reduced their price target on UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 25th. StockNews.com downgraded shares of UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th.

Insider Transactions at UniFirst

In related news, VP David Martin Katz sold 1,299 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total value of $274,024.05. Following the completion of the transaction, the vice president now directly owns 6,455 shares of the company’s stock, valued at approximately $1,361,682.25. This trade represents a 16.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

About UniFirst

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.