Vestis (VSTS) Set to Announce Earnings on Thursday

Vestis (NYSE:VSTS) is set to release its earnings data before the market opens on Thursday, November 21st. Analysts expect Vestis to post earnings of $0.13 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Vestis Stock Performance

Shares of NYSE VSTS opened at $14.35 on Thursday. Vestis has a 1 year low of $8.92 and a 1 year high of $22.37. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 1.67. The company’s 50-day moving average is $14.66 and its 200 day moving average is $13.29.

Vestis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, September 13th.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VSTS. The Goldman Sachs Group boosted their price target on shares of Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Baird R W cut shares of Vestis from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Robert W. Baird cut shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.69.

About Vestis

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.