What is William Blair's Forecast for Vestis Q1 Earnings?

Vestis Co. (NYSE:VSTS - Free Report) - Equities researchers at William Blair reduced their Q1 2025 EPS estimates for shares of Vestis in a research report issued on Friday, November 22nd. William Blair analyst T. Mulrooney now anticipates that the company will earn $0.11 per share 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.

Several other equities analysts also recently weighed in on the stock. Baird R W downgraded shares of Vestis from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 8th. Barclays lifted their price target on Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday. Robert W. Baird lowered Vestis from an "outperform" rating to a "neutral" rating and set a $13.00 target price for the company. in a report on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Vestis from $13.60 to $15.00 and gave the stock a "neutral" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.43.

Vestis Stock Performance

Shares of VSTS traded up $0.29 during mid-day trading on Monday, hitting $16.31. The stock had a trading volume of 3,262,054 shares, compared to its average volume of 2,144,712. Vestis has a 52 week low of $8.92 and a 52 week high of $22.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. The business has a fifty day moving average price of $14.60 and a 200-day moving average price of $13.35. The firm has a market cap of $2.14 billion and a P/E ratio of 100.13.

Vestis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Vestis's payout ratio is 87.51%.

Institutional Investors Weigh In On Vestis

A number of large investors have recently added to or reduced their stakes in VSTS. Wilmington Savings Fund Society FSB purchased a new stake in Vestis in the third quarter worth approximately $238,000. Sanctuary Advisors LLC bought a new stake in shares of Vestis in the 3rd quarter worth approximately $303,000. Barclays PLC increased its position in Vestis by 445.4% during the 3rd quarter. Barclays PLC now owns 51,981 shares of the company's stock valued at $774,000 after purchasing an additional 42,450 shares during the period. M&T Bank Corp purchased a new stake in shares of Vestis in the 3rd quarter worth about $169,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Vestis by 105.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 122,255 shares of the company's stock valued at $1,822,000 after purchasing an additional 62,675 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Vestis Company Profile

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.