Unifi, Inc. Forecasted to Earn Q3 2024 Earnings of ($0.45) Per Share (NYSE:UFI)

Unifi, Inc. (NYSE:UFI) – Sidoti Csr dropped their Q3 2024 earnings per share estimates for shares of Unifi in a note issued to investors on Thursday, May 2nd. Sidoti Csr analyst A. Lebiedzinski now anticipates that the textile maker will post earnings of ($0.45) per share for the quarter, down from their prior estimate of ($0.42). The consensus estimate for Unifi’s current full-year earnings is ($2.14) per share. Sidoti Csr also issued estimates for Unifi’s Q4 2024 earnings at ($0.15) EPS, FY2024 earnings at ($2.14) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at $0.00 EPS and Q3 2025 earnings at $0.26 EPS.

Separately, StockNews.com upgraded Unifi from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th.

Unifi Stock Performance

Shares of UFI stock opened at $5.53 on Monday. The firm’s 50 day moving average is $5.77 and its 200 day moving average is $6.15. The stock has a market capitalization of $100.42 million, a P/E ratio of -1.86 and a beta of 0.74. Unifi has a 12 month low of $5.49 and a 12 month high of $8.97. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UFI. Barclays PLC lifted its holdings in shares of Unifi by 1,110.3% in the third quarter. Barclays PLC now owns 15,818 shares of the textile maker’s stock worth $112,000 after buying an additional 14,511 shares in the last quarter. Empowered Funds LLC increased its holdings in Unifi by 8.0% during the 1st quarter. Empowered Funds LLC now owns 32,222 shares of the textile maker’s stock worth $193,000 after acquiring an additional 2,384 shares during the period. Assenagon Asset Management S.A. lifted its stake in Unifi by 27.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 40,289 shares of the textile maker’s stock worth $286,000 after purchasing an additional 8,654 shares in the last quarter. Marquette Asset Management LLC boosted its holdings in Unifi by 23.0% in the 1st quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock valued at $366,000 after purchasing an additional 11,426 shares during the period. Finally, Minerva Advisors LLC grew its position in shares of Unifi by 115.8% during the 3rd quarter. Minerva Advisors LLC now owns 186,483 shares of the textile maker’s stock valued at $1,317,000 after purchasing an additional 100,054 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.