Vestis (NYSE:VSTS - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02, Zacks reports. Vestis had a net margin of 0.34% and a return on equity of 7.91%. During the same quarter in the prior year, the business earned $0.22 earnings per share. Vestis updated its FY 2025 guidance to EPS.
Vestis Trading Down 1.5 %
Shares of NYSE:VSTS traded down $0.21 during midday trading on Tuesday, reaching $13.65. The company had a trading volume of 2,677,119 shares, compared to its average volume of 1,473,528. The company has a fifty day simple moving average of $16.01 and a two-hundred day simple moving average of $14.73. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 170.58 and a beta of 1.17. Vestis has a 1-year low of $8.92 and a 1-year high of $22.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.43 and a current ratio of 1.80.
Vestis Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, February 21st. Vestis's dividend payout ratio is 175.02%.
Analyst Ratings Changes
Several brokerages have commented on VSTS. Barclays raised their price target on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, November 22nd. The Goldman Sachs Group raised their price target on Vestis from $13.60 to $15.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $14.08.
Check Out Our Latest Stock Analysis on VSTS
About Vestis
(
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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.
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