Vestis (VSTS) to Release Quarterly Earnings on Friday

Vestis (NYSE:VSTS) is projected to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect Vestis to post earnings of $0.12 per share and revenue of $688,885.40 billion for the quarter. Vestis has set its FY 2025 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Vestis (NYSE:VSTS) last released its earnings results on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $684.28 million during the quarter, compared to analyst estimates of $693.54 million. Vestis had a net margin of 0.75% and a return on equity of 9.07%. Vestis’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Stock Performance

Shares of NYSE:VSTS opened at $16.24 on Friday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 101.53 and a beta of 1.17. The firm’s 50 day simple moving average is $15.81 and its 200 day simple moving average is $14.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. Vestis has a fifty-two week low of $8.92 and a fifty-two week high of $22.37.

Vestis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 13th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.86%. Vestis’s dividend payout ratio is 87.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VSTS. The Goldman Sachs Group raised their price objective on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Barclays lifted their price objective on Vestis from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.08.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.