UniFirst (NYSE:UNF) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

UniFirst (NYSE:UNF) released its quarterly earnings data on Wednesday. The textile maker reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.09, RTT News reports. The business had revenue of $604.91 million during the quarter, compared to analyst estimates of $606.60 million. UniFirst had a net margin of 5.99% and a return on equity of 7.47%. UniFirst’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.26 EPS. UniFirst updated its FY 2025 guidance to 6.790-7.190 EPS.

UniFirst Trading Up 20.6 %

NYSE:UNF opened at $204.13 on Wednesday. The company has a 50 day simple moving average of $189.46 and a two-hundred day simple moving average of $186.31. The company has a market cap of $3.79 billion, a PE ratio of 26.27 and a beta of 0.87. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70.

UniFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $0.35 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 0.69%. This is a boost from UniFirst’s previous quarterly dividend of $0.33. UniFirst’s dividend payout ratio (DPR) is currently 18.02%.

Wall Street Analysts Forecast Growth

UNF has been the subject of several analyst reports. StockNews.com raised shares of UniFirst from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 24th. Robert W. Baird lifted their target price on UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $186.25.

Insider Activity

In other UniFirst news, VP David Martin Katz sold 587 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.08, for a total transaction of $113,337.96. Following the completion of the sale, the vice president now directly owns 5,625 shares of the company’s stock, valued at approximately $1,086,075. This represents a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $190.97, for a total transaction of $1,814,215.00. Following the completion of the transaction, the insider now owns 17,390 shares in the company, valued at $3,320,968.30. The trade was a 35.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,294 shares of company stock valued at $2,546,632 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

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. and 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.