Unifirst Corp (UNF) Updates FY13 Earnings Guidance
Unifirst Corp (UNF) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $5.10-5.25 for the period, compared to the Thomson Reuters consensus estimate of $4.82. The company issued revenue guidance of $1.335-1.348 billion, compared to the consensus revenue estimate of $1.33 billion.
Shares of Unifirst Corp (UNF) opened at 75.70 on Thursday. Unifirst Corp (UNF) has a one year low of $55.86 and a one year high of $77.73. The stock’s 50-day moving average is currently $71.90. The company has a market cap of $1.510 billion and a P/E ratio of 15.91.
Unifirst Corp last posted its quarterly earnings results on Thursday, January 3rd. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.21. The company had revenue of $332.60 million for the quarter, compared to the consensus estimate of $327.27 million. During the same quarter in 2012, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Unifirst Corp has set its FY13 guidance at $5.10-5.25 EPS. Analysts expect that Unifirst Corp (UNF) will post $4.82 EPS for the current fiscal year.
On a related note, analysts at Sidoti downgraded shares of Unifirst Corp from a buy rating to a neutral rating in a research note to investors on Friday, December 7th.
UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States.
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