UniFirst (NYSE:UNF) Updates FY 2025 Earnings Guidance

UniFirst (NYSE:UNF - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.300-7.700 for the period, compared to the consensus estimate of 7.770. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. UniFirst also updated its FY25 guidance to $7.30-7.70 EPS.

UniFirst Stock Up 0.5 %

UNF traded up $0.82 during trading on Monday, reaching $164.23. 103,113 shares of the stock traded hands, compared to its average volume of 99,816. The stock's 50-day moving average is $204.87 and its 200 day moving average is $198.25. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70. The stock has a market capitalization of $3.05 billion, a PE ratio of 21.00 and a beta of 0.88.

UniFirst (NYSE:UNF - Get Free Report) last announced its earnings results on Wednesday, April 2nd. The textile maker reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $602.20 million for 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 firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, equities research analysts anticipate that UniFirst will post 7.71 EPS for the current year.

Remove Ads

UniFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were paid a $0.35 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.85%. UniFirst's dividend payout ratio is currently 17.41%.

Analysts Set New Price Targets

A number of research firms have commented on UNF. UBS Group raised their price target on shares of UniFirst from $194.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday. Robert W. Baird reduced their target price on UniFirst from $218.00 to $197.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays reaffirmed an "underweight" rating and set a $152.00 price target (down from $180.00) on shares of UniFirst in a research note on Friday. Finally, StockNews.com cut UniFirst from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, UniFirst presently has a consensus rating of "Hold" and an average price target of $180.00.

Insider Buying and Selling

In other UniFirst news, VP David Martin Katz sold 1,299 shares of UniFirst stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $210.95, for a total transaction of $274,024.05. Following the completion of the transaction, the vice president now owns 6,455 shares in the company, valued at approximately $1,361,682.25. The trade was a 16.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is currently owned by company insiders.

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.