Wall Street brokerages expect that UniFirst Corp (NYSE:UNF) will announce earnings per share (EPS) of $1.34 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for UniFirst Corp’s earnings. The lowest EPS estimate is $1.27 and the highest is $1.38. UniFirst Corp reported earnings of $1.49 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.1%. The firm is scheduled to announce its next earnings results on Wednesday, July 5th.
According to Zacks, analysts expect that UniFirst Corp will report full-year earnings of $5.01 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.09. For the next year, analysts expect that the company will report earnings of $5.47 per share, with EPS estimates ranging from $5.36 to $5.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for UniFirst Corp.
UniFirst Corp (NYSE:UNF) last posted its quarterly earnings results on Wednesday, March 29th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.09. UniFirst Corp had a net margin of 7.92% and a return on equity of 7.99%. The firm had revenue of $391.40 million for the quarter, compared to the consensus estimate of $385.28 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year.
UNF has been the topic of a number of analyst reports. Zacks Investment Research upgraded UniFirst Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 28th. William Blair reiterated a “market perform” rating on shares of UniFirst Corp in a research note on Tuesday, January 17th.
UniFirst Corp (NYSE:UNF) traded down 1.62% during midday trading on Monday, reaching $133.60. 48,747 shares of the company’s stock were exchanged. The company has a market cap of $2.71 billion, a P/E ratio of 23.35 and a beta of 0.76. UniFirst Corp has a 12 month low of $104.86 and a 12 month high of $147.65. The company has a 50 day moving average price of $134.83 and a 200 day moving average price of $133.91.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Wednesday, June 7th. UniFirst Corp’s dividend payout ratio is currently 2.60%.
In related news, VP Steven S. Sintros sold 1,115 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $131.10, for a total value of $146,176.50. Following the sale, the vice president now owns 2,666 shares in the company, valued at approximately $349,512.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David Martin Katz sold 1,098 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $127.00, for a total value of $139,446.00. Following the completion of the sale, the vice president now owns 2,666 shares in the company, valued at approximately $338,582. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,508 shares of company stock worth $1,124,476. Company insiders own 6.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in UniFirst Corp by 72.1% in the third quarter. JPMorgan Chase & Co. now owns 8,053 shares of the company’s stock worth $1,062,000 after buying an additional 3,374 shares during the period. UBS Asset Management Americas Inc. boosted its stake in UniFirst Corp by 6.6% in the third quarter. UBS Asset Management Americas Inc. now owns 23,729 shares of the company’s stock worth $3,129,000 after buying an additional 1,466 shares during the period. M&T Bank Corp boosted its stake in UniFirst Corp by 0.4% in the third quarter. M&T Bank Corp now owns 2,291 shares of the company’s stock worth $302,000 after buying an additional 10 shares during the period. Bank of New York Mellon Corp boosted its stake in UniFirst Corp by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 188,881 shares of the company’s stock worth $24,907,000 after buying an additional 3,237 shares during the period. Finally, TD Asset Management Inc. boosted its stake in UniFirst Corp by 4.6% in the third quarter. TD Asset Management Inc. now owns 15,900 shares of the company’s stock worth $2,097,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.
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UniFirst Corp Company Profile
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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