UniFirst (UNF) to Release Quarterly Earnings on Wednesday

UniFirst (NYSE:UNF - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 2nd. Analysts expect the company to announce earnings of $1.28 per share and revenue of $602.81 million for the quarter. UniFirst has set its FY 2025 guidance at 6.790-7.190 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

UniFirst (NYSE:UNF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The textile maker reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.09. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The company had revenue of $604.91 million during the quarter, compared to analysts' expectations of $606.60 million. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 EPS. On average, analysts expect UniFirst to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

UniFirst Stock Down 2.4 %

Shares of UNF traded down $4.24 during mid-day trading on Friday, hitting $173.77. The stock had a trading volume of 160,086 shares, compared to its average volume of 97,363. The company has a market cap of $3.23 billion, a PE ratio of 22.22 and a beta of 0.89. UniFirst has a fifty-two week low of $149.58 and a fifty-two week high of $243.70. The company's fifty day simple moving average is $210.10 and its two-hundred day simple moving average is $198.70.

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UniFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.40 annualized dividend and a yield of 0.81%. UniFirst's payout ratio is 17.90%.

Insider Transactions at UniFirst

In other news, VP David Martin Katz sold 1,299 shares of the company's stock in a transaction 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 sale, the vice president now owns 6,455 shares in the company, valued at $1,361,682.25. This represents a 16.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on UNF shares. UBS Group reduced their price target on shares of UniFirst from $235.00 to $194.00 and set a "neutral" rating for the company in a research report on Tuesday. StockNews.com downgraded shares of UniFirst from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 8th.

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.