Vestis (VSTS) Projected to Post Quarterly Earnings on Friday

Vestis (NYSE:VSTS - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $0.12 per share and revenue of $688.89 million for the quarter. Vestis has set its FY 2025 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Vestis (NYSE:VSTS - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Vestis had a return on equity of 9.07% and a net margin of 0.75%. During the same quarter in the previous year, the business posted $0.22 EPS. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Price Performance

Shares of VSTS stock traded down $1.95 on Friday, reaching $13.89. The company's stock had a trading volume of 6,184,609 shares, compared to its average volume of 951,894. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 86.83 and a beta of 1.17. The stock's fifty day simple moving average is $16.01 and its 200-day simple moving average is $14.71. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 1.40. Vestis has a 1 year low of $8.92 and a 1 year high of $22.37.

Vestis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.01%. Vestis's payout ratio is currently 87.51%.

Analysts Set New Price Targets

A number of brokerages recently commented on VSTS. JPMorgan Chase & Co. increased their price target on shares of Vestis from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Barclays raised their price objective on Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group increased 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.08.

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.