UniFirst (NYSE:UNF) Updates FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.790-7.190 for the period, compared to the consensus earnings per share estimate of 7.650. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

UniFirst Stock Performance

Shares of NYSE UNF opened at $204.13 on Wednesday. UniFirst has a fifty-two week low of $149.58 and a fifty-two week high of $243.70. The stock has a market cap of $3.79 billion, a PE ratio of 26.27 and a beta of 0.87. The stock has a fifty day moving average of $189.46 and a 200-day moving average of $186.31.

UniFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 6th. This is a boost from UniFirst’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 0.69%. UniFirst’s dividend payout ratio is currently 18.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of UniFirst from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, UniFirst presently has an average rating of “Hold” and an average price target of $186.25.

Insider Activity at UniFirst

In related news, VP David Martin Katz sold 587 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total transaction of $113,337.96. Following the transaction, the vice president now directly owns 5,625 shares of the company’s stock, valued at approximately $1,086,075. This trade represents a 9.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $190.97, for a total value of $1,814,215.00. Following the completion of the sale, the insider now owns 17,390 shares of the company’s stock, valued at $3,320,968.30. The trade was a 35.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,294 shares of company stock valued at $2,546,632 over the last three months. 0.86% of the stock is owned by corporate insiders.

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.