Equities analysts predict that UniFirst Corp (NYSE:UNF) will post $459.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. 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 reported sales of $438.55 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The business is scheduled to issue its next earnings results on Thursday, January 2nd.
On average, analysts expect that UniFirst will report full year sales of $1.87 billion for the current financial year, with estimates ranging from $1.87 billion to $1.88 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.93 billion, with estimates ranging from $1.92 billion to $1.94 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover UniFirst.
UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, October 23rd. The textile maker reported $2.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.44. The business had revenue of $479.62 million during the quarter, compared to analysts’ expectations of $471.41 million. UniFirst had a return on equity of 9.67% and a net margin of 9.49%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.06 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the stock. NumerixS Investment Technologies Inc acquired a new position in shares of UniFirst in the 2nd quarter valued at $38,000. SRS Capital Advisors Inc. purchased a new stake in UniFirst during the second quarter valued at about $39,000. Cutler Group LP purchased a new stake in UniFirst during the second quarter valued at about $56,000. Marshall Wace North America L.P. lifted its stake in UniFirst by 17.4% during the first quarter. Marshall Wace North America L.P. now owns 473 shares of the textile maker’s stock valued at $73,000 after buying an additional 70 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of UniFirst in the third quarter worth about $98,000. Institutional investors and hedge funds own 79.35% of the company’s stock.
UniFirst stock traded down $0.10 during midday trading on Friday, hitting $205.70. The company’s stock had a trading volume of 90,100 shares, compared to its average volume of 111,221. UniFirst has a 12 month low of $132.38 and a 12 month high of $211.63. The company has a market capitalization of $3.91 billion, a PE ratio of 24.14 and a beta of 0.71. The stock’s 50-day moving average price is $205.41 and its 200-day moving average price is $191.10.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from UniFirst’s previous quarterly dividend of $0.11. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. UniFirst’s dividend payout ratio (DPR) is currently 11.74%.
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.
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