UniFirst (NYSE:UNF) Announces Earnings Results, Misses Estimates By $0.14 EPS

UniFirst (NYSE:UNF) released its earnings results on Wednesday. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.14), FiscalAI reports. UniFirst had a return on equity of 6.65% and a net margin of 4.34%. The firm had revenue of $645.01 million for the quarter, compared to analyst estimates of $634.40 million. During the same period in the previous year, the firm earned $2.23 earnings per share. UniFirst’s revenue was up 5.0% on a year-over-year basis.

UniFirst Trading Up 2.0%

UNF stock opened at $279.60 on Friday. UniFirst has a one year low of $147.66 and a one year high of $306.67. The firm has a 50-day moving average of $269.62 and a two-hundred day moving average of $269.95. The firm has a market capitalization of $5.06 billion, a PE ratio of 44.10 and a beta of 0.60.

Analysts Set New Price Targets

UNF has been the subject of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of UniFirst in a research report on Tuesday, October 6th. UBS Group set a $262.00 target price on shares of UniFirst in a report on Monday, July 6th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, UniFirst presently has an average rating of “Hold” and a consensus target price of $246.67.

UniFirst Company Profile

UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.

The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.