Wall Street analysts forecast that UniFirst Corp (NYSE:UNF) will post $459.83 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for UniFirst’s earnings. The lowest sales estimate is $458.66 million and the highest is $461.00 million. UniFirst posted sales of $438.55 million during the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The company is expected to issue its next quarterly earnings report on Thursday, January 2nd.
On average, analysts expect that UniFirst will report full year sales of $1.87 billion for the current year, with estimates ranging from $1.87 billion to $1.88 billion. For the next fiscal year, analysts expect that the business will report sales of $1.93 billion, with estimates ranging from $1.92 billion to $1.94 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for UniFirst.
UniFirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, October 23rd. The textile maker reported $2.40 EPS for the quarter, topping the consensus estimate of $1.96 by $0.44. UniFirst had a net margin of 9.49% and a return on equity of 9.67%. The firm had revenue of $479.62 million for the quarter, compared to analyst estimates of $471.41 million. During the same period in the prior year, the business posted $2.06 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year.
In other UniFirst news, major shareholder Cecelia Levenstein sold 9,500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $196.67, for a total transaction of $1,868,365.00. Following the sale, the insider now directly owns 100,650 shares in the company, valued at approximately $19,794,835.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 29,500 shares of company stock worth $5,846,211. 1.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc acquired a new stake in shares of UniFirst in the 2nd quarter valued at $38,000. SRS Capital Advisors Inc. acquired a new stake in shares of UniFirst in the 2nd quarter valued at $39,000. Cutler Group LP acquired a new stake in shares of UniFirst in the 2nd quarter valued at $56,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of UniFirst in the 2nd quarter valued at $57,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of UniFirst in the 2nd quarter valued at $68,000. Institutional investors own 79.91% of the company’s stock.
UniFirst stock opened at $205.39 on Thursday. The firm has a market cap of $3.89 billion, a PE ratio of 24.11 and a beta of 0.70. UniFirst has a 52-week low of $132.38 and a 52-week high of $211.63. The company’s 50 day moving average is $198.48 and its two-hundred day moving average is $185.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 5th. This is a positive change from UniFirst’s previous quarterly dividend of $0.11. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. UniFirst’s dividend payout ratio is 5.28%.
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. Rental and Cleaning, 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.
Featured Story: Stop Order Uses For Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for UniFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst and related companies with MarketBeat.com's FREE daily email newsletter.