UniFirst (NYSE:UNF) Announces Quarterly Earnings Results

UniFirst (NYSE:UNF) announced its quarterly earnings results on Wednesday. The textile maker reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03), Briefing.com reports. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The firm had revenue of $602.20 million during the quarter, compared to the consensus estimate of $602.81 million. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. UniFirst updated its FY25 guidance to $7.30-7.70 EPS and its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Price Performance

NYSE UNF traded up $2.84 during trading hours on Wednesday, hitting $178.20. The company’s stock had a trading volume of 12,672 shares, compared to its average volume of 142,997. The company has a market cap of $3.31 billion, a P/E ratio of 22.79 and a beta of 0.89. The company’s 50 day simple moving average is $208.08 and its two-hundred day simple moving average is $198.63. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70.

UniFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.35 per share. The ex-dividend date was Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.79%. UniFirst’s dividend payout ratio (DPR) is presently 17.90%.

Insider Activity

In other UniFirst news, VP David Martin Katz sold 1,299 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total transaction of $274,024.05. Following the completion of the sale, the vice president now directly owns 6,455 shares in the company, valued at approximately $1,361,682.25. The trade was a 16.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

UNF has been the subject of a number of research analyst reports. UBS Group dropped their price target on UniFirst from $235.00 to $194.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. StockNews.com cut shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.