UniFirst (NYSE:UNF) Releases Earnings Results, Beats Expectations By $0.51 EPS

UniFirst (NYSE:UNF) posted its quarterly earnings data on Wednesday. The textile maker reported $2.52 EPS for the quarter, topping the consensus estimate of $2.01 by $0.51, Bloomberg Earnings reports. UniFirst had a return on equity of 9.67% and a net margin of 9.49%. The firm had revenue of $465.40 million during the quarter, compared to analyst estimates of $459.19 million. During the same period in the prior year, the business posted $2.10 EPS. UniFirst’s revenue was up 6.1% on a year-over-year basis. UniFirst updated its FY 2020
Pre-Market guidance to 7.60-7.92 EPS and its FY20 guidance to $7.60-7.92 EPS.

NYSE:UNF traded up $12.70 during trading hours on Wednesday, hitting $216.23. 237,313 shares of the stock traded hands, compared to its average volume of 106,303. UniFirst has a 1 year low of $134.16 and a 1 year high of $217.90. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 25.38 and a beta of 0.71. The stock has a 50 day moving average price of $206.17 and a 200 day moving average price of $197.45.

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $0.25 per share. This is a boost from UniFirst’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, December 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. UniFirst’s dividend payout ratio (DPR) is presently 11.74%.

Several equities analysts recently weighed in on UNF shares. Zacks Investment Research reiterated a “hold” rating on shares of UniFirst in a research report on Saturday, October 26th. ValuEngine cut UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th.

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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Earnings History for UniFirst (NYSE:UNF)

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