UniFirst Corp. (NYSE:UNF) issued its quarterly earnings results on Wednesday. The company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.04. The firm had revenue of $363.80 million for the quarter, compared to analyst estimates of $362.62 million. UniFirst Corp. had a net margin of 8.09% and a return on equity of 9.19%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS.

Shares of UniFirst Corp. (NYSE:UNF) opened at 130.80 on Wednesday. The stock has a market cap of $2.65 billion, a PE ratio of 22.33 and a beta of 0.79. UniFirst Corp. has a 52 week low of $96.90 and a 52 week high of $137.01. The stock has a 50 day moving average of $131.03 and a 200-day moving average of $118.72.

Earnings History for UniFirst Corp. (NYSE:UNF)

In other news, VP David A. Difillippo sold 1,267 shares of the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $115.48, for a total transaction of $146,313.16. Following the completion of the sale, the vice president now directly owns 3,512 shares of the company’s stock, valued at $405,565.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.20% of the company’s stock.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/unifirst-corp-unf-releases-earnings-results-beats-estimates-by-0-04-eps.html

Several hedge funds have recently modified their holdings of UNF. Pacad Investment Ltd. bought a new stake in shares of UniFirst Corp. during the second quarter worth about $231,000. Cubist Systematic Strategies LLC bought a new stake in shares of UniFirst Corp. during the second quarter worth about $240,000. ProShare Advisors LLC raised its stake in shares of UniFirst Corp. by 1.0% in the second quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock worth $254,000 after buying an additional 22 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of UniFirst Corp. during the second quarter worth about $255,000. Finally, Jefferies Group LLC bought a new stake in shares of UniFirst Corp. during the second quarter worth about $275,000. 73.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of UniFirst Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 1st. Robert W. Baird lowered shares of UniFirst Corp. from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $121.00 in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of UniFirst Corp. in a report on Thursday, June 30th.

UniFirst Corp. Company Profile

UniFirst Corporation (UniFirst) is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

5 Day Chart for NYSE:UNF

Receive News & Ratings for UniFirst Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst Corp. and related companies with MarketBeat.com's FREE daily email newsletter.