UniFirst (NYSE:UNF) Releases FY25 Earnings Guidance

UniFirst (NYSE:UNF) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.30-7.70 for the period, compared to the consensus earnings per share estimate of $7.77. The company issued revenue guidance of $2.422-2.432 billion, compared to the consensus revenue estimate of $2.43 billion. UniFirst also updated its FY 2025 guidance to 7.300-7.700 EPS.

Analysts Set New Price Targets

Several research firms have weighed in on UNF. StockNews.com lowered UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group boosted their target price on shares of UniFirst from $194.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Robert W. Baird cut their price target on shares of UniFirst from $218.00 to $197.00 and set a “neutral” rating for the company in a research note on Thursday.

UniFirst Trading Down 2.9 %

UNF opened at $171.94 on Friday. The stock’s fifty day simple moving average is $206.02 and its 200 day simple moving average is $198.29. UniFirst has a 1-year low of $149.58 and a 1-year high of $243.70. The stock has a market cap of $3.19 billion, a PE ratio of 21.99 and a beta of 0.88.

UniFirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The company had revenue of $602.20 million during 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 in the previous year, the company earned $1.09 earnings per share. Equities analysts forecast that UniFirst will post 7.71 earnings per share for the current year.

UniFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, March 7th. UniFirst’s payout ratio is 17.41%.

Insiders Place Their Bets

In related news, VP David Martin Katz sold 1,299 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total transaction of $274,024.05. Following the transaction, the vice president now directly owns 6,455 shares of the company’s stock, valued at approximately $1,361,682.25. This trade represents a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

UniFirst Company Profile

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.