UniFirst (NYSE:UNF) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

UniFirst (NYSE:UNF) released its quarterly earnings results on Wednesday. The textile maker reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03), Briefing.com reports. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $602.81 million. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. UniFirst’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. UniFirst updated its FY25 guidance to $7.30-7.70 EPS and its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Trading Down 2.9 %

UniFirst stock opened at $171.94 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 21.99 and a beta of 0.88. The business has a 50-day moving average of $206.02 and a 200-day moving average of $198.29. UniFirst has a 1 year low of $149.58 and a 1 year high of $243.70.

UniFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 7th. UniFirst’s dividend payout ratio (DPR) is currently 17.41%.

Analyst Upgrades and Downgrades

UNF has been the topic of several recent research reports. UBS Group raised their price target on UniFirst from $194.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird reduced their target price on shares of UniFirst from $218.00 to $197.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, StockNews.com downgraded shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th.

Insider Buying and Selling

In other UniFirst news, VP David Martin Katz sold 1,299 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,361,682.25. This represents a 16.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.86% of the stock is owned by insiders.

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.