Analysts expect that Unifirst Corporation (NYSE:UNF) will report earnings of $1.24 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Unifirst Corporation’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.32. Unifirst Corporation posted earnings of $1.27 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The company is expected to issue its next earnings report on Wednesday, October 18th.

On average, analysts expect that Unifirst Corporation will report full-year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.89 to $5.00. For the next fiscal year, analysts anticipate that the business will post earnings of $5.53 per share, with EPS estimates ranging from $5.44 to $5.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Unifirst Corporation.

Unifirst Corporation (NYSE:UNF) last issued its earnings results on Wednesday, June 28th. The textile maker reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.02. Unifirst Corporation had a return on equity of 7.41% and a net margin of 7.12%. The business had revenue of $409.80 million for the quarter, compared to analyst estimates of $396.07 million. During the same quarter last year, the company earned $1.49 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis.

UNF has been the subject of a number of analyst reports. Zacks Investment Research raised Unifirst Corporation from a “hold” rating to a “buy” rating and set a $157.00 price target for the company in a report on Tuesday, May 30th. Robert W. Baird raised Unifirst Corporation from a “neutral” rating to an “outperform” rating and increased their price target for the company from $145.00 to $163.00 in a report on Thursday, June 29th. Finally, BidaskClub downgraded Unifirst Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate Unifirst Corporation (UNF) to Announce $1.24 Earnings Per Share” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/13/zacks-brokerages-anticipate-unifirst-corporation-unf-to-announce-1-24-earnings-per-share.html.

Shares of Unifirst Corporation (UNF) traded up 0.10% during midday trading on Friday, hitting $143.95. The stock had a trading volume of 7,138 shares. The company has a market cap of $2.92 billion, a P/E ratio of 26.52 and a beta of 0.70. Unifirst Corporation has a one year low of $116.67 and a one year high of $147.65. The stock has a 50 day moving average of $140.53 and a 200-day moving average of $138.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Thursday, September 7th. Unifirst Corporation’s dividend payout ratio is currently 2.77%.

A number of institutional investors and hedge funds have recently modified their holdings of UNF. BlackRock Inc. boosted its holdings in Unifirst Corporation by 52,993.4% in the first quarter. BlackRock Inc. now owns 1,852,961 shares of the textile maker’s stock valued at $262,102,000 after purchasing an additional 1,849,471 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Unifirst Corporation in the second quarter valued at about $121,138,000. TimesSquare Capital Management LLC purchased a new position in Unifirst Corporation in the first quarter valued at about $46,588,000. Neuberger Berman Group LLC boosted its holdings in Unifirst Corporation by 32.4% in the first quarter. Neuberger Berman Group LLC now owns 693,703 shares of the textile maker’s stock valued at $98,124,000 after purchasing an additional 169,919 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Unifirst Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,389,043 shares of the textile maker’s stock valued at $196,481,000 after purchasing an additional 83,165 shares during the last quarter. 73.47% of the stock is owned by hedge funds and other institutional investors.

About Unifirst Corporation

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.

Get a free copy of the Zacks research report on Unifirst Corporation (UNF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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.