Vestis (VSTS) Expected to Announce Earnings on Friday

Vestis (NYSE:VSTS - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Vestis to post earnings of $0.12 per share and revenue of $688,885.40 billion for the quarter. Vestis has set its FY 2025 guidance at EPS.Investors interested in participating in the company's conference call can do so using this link.

Vestis (NYSE:VSTS - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $684.28 million during the quarter, compared to the consensus estimate of $693.54 million. Vestis had a net margin of 0.75% and a return on equity of 9.07%. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Trading Down 0.9 %

NYSE:VSTS traded down $0.15 on Friday, hitting $16.09. 660,940 shares of the stock were exchanged, compared to its average volume of 1,118,344. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 100.58 and a beta of 1.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.36 and a current ratio of 1.73. Vestis has a 52 week low of $8.92 and a 52 week high of $22.37. The company's 50-day moving average price is $15.81 and its 200 day moving average price is $14.54.

Vestis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 13th were issued a $0.035 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.14 annualized dividend and a yield of 0.87%. Vestis's dividend payout ratio is currently 87.51%.

Analyst Ratings Changes

VSTS has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Vestis from $13.60 to $15.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Barclays increased their price target on shares of Vestis from $10.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted 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 investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.