Unifi (NYSE:UFI) Releases Quarterly Earnings Results, Meets Expectations

Unifi (NYSE:UFI) issued its earnings results on Wednesday. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06), Zacks reports. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%.

Unifi Stock Performance

Shares of Unifi stock traded down $0.10 during trading on Wednesday, reaching $7.99. The company’s stock had a trading volume of 329,413 shares, compared to its average volume of 68,199. The company has a 50-day moving average price of $5.69 and a two-hundred day moving average price of $4.52. Unifi has a fifty-two week low of $2.96 and a fifty-two week high of $8.47. The firm has a market cap of $148.45 million, a PE ratio of -17.75, a P/E/G ratio of 5.97 and a beta of 0.69. The company has a current ratio of 3.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new stake in shares of Unifi in the third quarter valued at about $54,000. Jane Street Group LLC purchased a new position in shares of Unifi during the first quarter worth about $64,000. XTX Topco Ltd purchased a new position in shares of Unifi during the second quarter worth about $80,000. Goldman Sachs Group Inc. acquired a new position in Unifi in the 1st quarter valued at about $96,000. Finally, Marshall Wace LLP acquired a new position in Unifi in the 4th quarter valued at about $116,000. 67.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UFI. Wall Street Zen upgraded shares of Unifi to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded Unifi from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Unifi presently has a consensus rating of “Sell”.

Unifi Company Profile

Unifi, Inc (NYSE: UFI) is a global manufacturer of polyester and nylon textured yarns and fibers, specializing in both virgin and recycled synthetic materials. Headquartered in Greensboro, North Carolina, the company serves a diverse range of end markets including apparel, athleisure, home furnishings, automotive and industrial applications. Unifi’s vertically integrated operations encompass polymer extrusion, spinning, texturing, and finishing processes designed to meet the performance and aesthetic requirements of its customers.

A key differentiator for Unifi is its REPREVE® brand, a family of certified recycled performance fibers made from post‐consumer plastic bottles and other waste streams.