Brokerages forecast that UniFirst Corp (NYSE:UNF) will report earnings per share of $2.01 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for UniFirst’s earnings, with estimates ranging from $1.97 to $2.06. UniFirst posted earnings of $1.88 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is scheduled to announce its next earnings results on Thursday, January 2nd.
On average, analysts expect that UniFirst will report full year earnings of $8.02 per share for the current fiscal year, with EPS estimates ranging from $7.69 to $8.42. For the next fiscal year, analysts forecast that the business will post earnings of $8.44 per share, with EPS estimates ranging from $7.92 to $8.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover UniFirst.
UniFirst (NYSE:UNF) last posted its earnings results on Wednesday, October 23rd. The textile maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.44. UniFirst had a net margin of 9.49% and a return on equity of 9.67%. The business had revenue of $479.62 million for the quarter, compared to analyst estimates of $471.41 million. During the same period last year, the business posted $2.06 EPS. UniFirst’s revenue was up 10.5% compared to the same quarter last year.
NYSE:UNF traded down $1.68 during midday trading on Tuesday, reaching $205.69. The stock had a trading volume of 42,094 shares, compared to its average volume of 92,232. UniFirst has a 1-year low of $132.38 and a 1-year high of $211.63. The firm’s fifty day simple moving average is $198.94 and its 200-day simple moving average is $185.67. The stock has a market capitalization of $3.93 billion, a P/E ratio of 24.14 and a beta of 0.70.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be paid a $0.25 dividend. 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 (DPR) is presently 5.28%.
In related news, major shareholder Cecelia Levenstein sold 8,408 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $201.97, for a total value of $1,698,163.76. Following the transaction, the insider now directly owns 118,558 shares in the company, valued at approximately $23,945,159.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 29,500 shares of company stock worth $5,846,211 over the last quarter. 1.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in UniFirst by 0.5% in the 2nd quarter. Janus Henderson Group PLC now owns 717,309 shares of the textile maker’s stock worth $135,263,000 after purchasing an additional 3,306 shares during the last quarter. Tweedy Browne Co LLC grew its position in UniFirst by 1,610.2% in the 3rd quarter. Tweedy Browne Co LLC now owns 554,746 shares of the textile maker’s stock worth $33,301,000 after purchasing an additional 522,309 shares during the last quarter. Macquarie Group Ltd. grew its position in UniFirst by 0.6% in the 2nd quarter. Macquarie Group Ltd. now owns 413,479 shares of the textile maker’s stock worth $77,970,000 after purchasing an additional 2,545 shares during the last quarter. Northern Trust Corp grew its position in UniFirst by 7.7% in the 2nd quarter. Northern Trust Corp now owns 370,172 shares of the textile maker’s stock worth $69,803,000 after purchasing an additional 26,605 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in UniFirst by 13.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 250,955 shares of the textile maker’s stock worth $47,323,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
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.
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