Unifi, Inc. (UFI) to Release Earnings on Wednesday
Unifi, Inc. (NYSE:UFI) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Unifi to post earnings of $0.46 per share for the quarter.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $171.30 million during the quarter, compared to the consensus estimate of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, analysts expect Unifi to post $1.87 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of Unifi, Inc. (UFI) opened at 36.50 on Wednesday. The firm has a 50-day moving average price of $33.94 and a 200 day moving average price of $30.36. The firm has a market cap of $666.13 million, a P/E ratio of 20.51 and a beta of 0.80. Unifi, Inc. has a one year low of $26.02 and a one year high of $37.43.
In related news, Director Paul R. Charron acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $31.50 per share, with a total value of $31,500.00. Following the transaction, the director now owns 19,915 shares of the company’s stock, valued at $627,322.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Bishop acquired 12,002 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $30.69 per share, with a total value of $368,341.38. Following the completion of the transaction, the director now directly owns 6,200 shares in the company, valued at approximately $190,278. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,183 shares of company stock valued at $650,934 over the last ninety days. 15.40% of the stock is owned by insiders.
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A number of research firms recently issued reports on UFI. ValuEngine downgraded Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research upgraded Unifi from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. CJS Securities began coverage on Unifi in a research note on Wednesday, September 20th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, BidaskClub downgraded Unifi from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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