Steven S. Sintros Sells 1,087 Shares of Unifirst Corporation (UNF) Stock
Unifirst Corporation (NYSE:UNF) CFO Steven S. Sintros sold 1,087 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $132.35, for a total value of $143,864.45. Following the completion of the sale, the chief financial officer now directly owns 2,667 shares of the company’s stock, valued at $352,977.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Unifirst Corporation (NYSE:UNF) opened at 132.90 on Friday. The stock has a 50 day moving average price of $142.21 and a 200-day moving average price of $129.09. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 22.99 and a beta of 0.79. Unifirst Corporation has a 12-month low of $96.90 and a 12-month high of $147.65.
Unifirst Corporation (NYSE:UNF) last issued its quarterly earnings results on Wednesday, January 4th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by $0.20. Unifirst Corporation had a return on equity of 7.99% and a net margin of 7.92%. The company earned $386.10 million during the quarter, compared to the consensus estimate of $393.08 million. During the same period in the prior year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts predict that Unifirst Corporation will post $4.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Unifirst Corporation’s dividend payout ratio is currently 2.60%.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The legal version of this news story can be read at http://www.dailypolitical.com/2017/01/13/steven-s-sintros-sells-1087-shares-of-unifirst-corporation-unf-stock.html.
Separately, Zacks Investment Research downgraded Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, October 22nd.
Several hedge funds have recently modified their holdings of the company. M&T Bank Corp boosted its position in Unifirst Corporation by 0.4% in the third quarter. M&T Bank Corp now owns 2,291 shares of the company’s stock valued at $302,000 after buying an additional 10 shares during the period. FDx Advisors Inc. boosted its position in Unifirst Corporation by 0.4% in the second quarter. FDx Advisors Inc. now owns 2,999 shares of the company’s stock valued at $347,000 after buying an additional 12 shares during the period. ProShare Advisors LLC boosted its position in Unifirst Corporation by 1.0% in the second quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock valued at $254,000 after buying an additional 22 shares during the period. Texas Permanent School Fund boosted its position in Unifirst Corporation by 0.4% in the third quarter. Texas Permanent School Fund now owns 11,737 shares of the company’s stock valued at $1,548,000 after buying an additional 47 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Unifirst Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,390 shares of the company’s stock valued at $447,000 after buying an additional 60 shares during the period. 75.19% of the stock is currently owned by hedge funds and other institutional investors.
About Unifirst Corporation
UniFirst Corporation (UniFirst) 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.
Receive News & Ratings for Unifirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifirst Corporation and related companies with MarketBeat.com's FREE daily email newsletter.