UniFirst (UNF) Expected to Announce Earnings on Wednesday

UniFirst (NYSE:UNF) will likely be announcing its earnings results before the market opens on Wednesday, April 2nd. Analysts expect the company to announce earnings of $1.28 per share and revenue of $602.81 million for the quarter. UniFirst has set its FY 2025 guidance at 6.790-7.190 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, January 8th. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.09. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The business had revenue of $604.91 million during the quarter, compared to analyst estimates of $606.60 million. During the same period last year, the company earned $2.26 earnings per share. UniFirst’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts expect UniFirst to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

UniFirst Price Performance

Shares of UNF stock opened at $169.30 on Wednesday. UniFirst has a fifty-two week low of $149.58 and a fifty-two week high of $243.70. The stock’s 50-day moving average is $213.31 and its two-hundred day moving average is $198.98. The firm has a market cap of $3.14 billion, a P/E ratio of 21.65 and a beta of 0.89.

UniFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.83%. UniFirst’s payout ratio is 17.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UNF. StockNews.com cut shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group cut their price target on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a report on Tuesday.

Insider Activity at UniFirst

In related news, VP David Martin Katz sold 1,299 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total value of $274,024.05. Following the transaction, the vice president now directly owns 6,455 shares in the company, valued at approximately $1,361,682.25. This trade represents a 16.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by company insiders.

About UniFirst

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.