$1.41 EPS Expected for Unifirst Corporation (UNF) This Quarter
Equities research analysts expect Unifirst Corporation (NYSE:UNF) to post $1.41 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Unifirst’s earnings, with the highest EPS estimate coming in at $1.46 and the lowest estimate coming in at $1.29. Unifirst posted earnings of $1.38 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The business is scheduled to report its next earnings report on Wednesday, January 3rd.
On average, analysts expect that Unifirst will report full-year earnings of $5.26 per share for the current fiscal year, with EPS estimates ranging from $5.17 to $5.35. For the next year, analysts expect that the company will post earnings of $5.64 per share, with EPS estimates ranging from $5.48 to $5.80. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Unifirst.
Unifirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.20. The firm had revenue of $403.60 million for the quarter, compared to the consensus estimate of $392.15 million. Unifirst had a net margin of 4.40% and a return on equity of 7.53%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS.
UNF has been the topic of several recent analyst reports. Robert W. Baird raised their price objective on shares of Unifirst from $163.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of Unifirst from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 21st. Finally, Northcoast Research restated a “neutral” rating on shares of Unifirst in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $165.00.
Shares of Unifirst (UNF) traded up $3.25 during mid-day trading on Wednesday, hitting $167.05. 73,900 shares of the stock traded hands, compared to its average volume of 56,721. The company has a market cap of $3,321.04, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 3.11 and a beta of 0.74. Unifirst has a 12-month low of $124.85 and a 12-month high of $168.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be given a dividend of $0.0375 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. Unifirst’s payout ratio is 4.37%.
Hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its holdings in Unifirst by 26,600.0% in the 3rd quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock valued at $162,000 after acquiring an additional 1,064 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in Unifirst by 83.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock valued at $155,000 after acquiring an additional 499 shares during the last quarter. Shelton Capital Management bought a new stake in Unifirst in the 2nd quarter valued at $216,000. Amalgamated Bank increased its holdings in Unifirst by 2.0% in the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after acquiring an additional 40 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in Unifirst in the 2nd quarter valued at $300,000. Hedge funds and other institutional investors own 74.21% of the company’s stock.
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Unifirst 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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