UniFirst (NYSE:UNF) Issues FY25 Earnings Guidance

UniFirst (NYSE:UNF - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $7.30-7.70 for the period, compared to the consensus EPS estimate of $7.77. The company issued revenue guidance of $2.422-2.432 billion, compared to the consensus revenue estimate of $2.43 billion. UniFirst also updated its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Stock Performance

UNF stock traded up $0.82 during mid-day trading on Monday, reaching $164.23. The company had a trading volume of 103,113 shares, compared to its average volume of 99,816. UniFirst has a fifty-two week low of $149.58 and a fifty-two week high of $243.70. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 21.00 and a beta of 0.88. The firm has a fifty day simple moving average of $204.87 and a 200 day simple moving average of $198.25.

UniFirst (NYSE:UNF - Get Free Report) last released its quarterly earnings data on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The company had revenue of $602.20 million for the quarter, compared to analyst estimates of $602.81 million. During the same period in the previous year, the business posted $1.09 EPS. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, analysts predict that UniFirst will post 7.71 earnings per share for the current year.

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UniFirst Dividend Announcement

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

Analyst Upgrades and Downgrades

UNF has been the subject of several recent analyst reports. Barclays restated an "underweight" rating and issued a $152.00 target price (down previously from $180.00) on shares of UniFirst in a research note on Friday. Robert W. Baird lowered their price target on UniFirst from $218.00 to $197.00 and set a "neutral" rating on the stock in a report on Thursday. UBS Group lifted their price objective on UniFirst from $194.00 to $196.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, StockNews.com lowered UniFirst from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, UniFirst presently has a consensus rating of "Hold" and an average price target of $180.00.

Insider Activity at UniFirst

In other news, VP David Martin Katz sold 1,299 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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 $1,361,682.25. The trade was a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.86% of the stock is owned by corporate 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.