Unifi, Inc. (NYSE:UFI) Scheduled to Post Quarterly Earnings on Monday
Unifi, Inc. (NYSE:UFI) will be issuing its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Wednesday, April 26th. The textile maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $160.90 million for the quarter, compared to analyst estimates of $159.28 million. Unifi had a net margin of 5.22% and a return on equity of 10.56%. On average, analysts expect Unifi to post $1.83 EPS for the current fiscal year and $2.12 EPS for the next fiscal year.
Shares of Unifi, Inc. (NYSE UFI) opened at 29.73 on Monday. Unifi, Inc. has a one year low of $24.82 and a one year high of $34.70. The stock has a market capitalization of $541.71 million, a price-to-earnings ratio of 16.34 and a beta of 0.79. The company has a 50-day moving average of $28.69 and a 200 day moving average of $28.90.
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A number of brokerages have issued reports on UFI. BidaskClub lowered Unifi from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered Unifi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th.
In other news, Director Kenneth G. Langone acquired 25,000 shares of Unifi stock in a transaction dated Tuesday, May 9th. The shares were acquired at an average cost of $28.06 per share, with a total value of $701,500.00. Following the purchase, the director now directly owns 1,090,797 shares of the company’s stock, valued at approximately $30,607,763.82. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company’s stock.
Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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