Analysts expect UniFirst Corp (NYSE:UNF) to post earnings of $1.24 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for UniFirst Corp’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.32. UniFirst Corp reported earnings of $1.27 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The business is scheduled to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that UniFirst Corp will report full year earnings of $4.93 per share for the current year, with EPS estimates ranging from $4.89 to $5.00. For the next financial year, analysts forecast that the firm will report earnings of $5.53 per share, with EPS estimates ranging from $5.44 to $5.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow UniFirst Corp.

UniFirst Corp (NYSE:UNF) last announced its earnings results on Wednesday, June 28th. The textile maker reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. The firm had revenue of $409.80 million for the quarter, compared to the consensus estimate of $396.07 million. UniFirst Corp had a net margin of 5.94% and a return on equity of 6.77%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS.

A number of equities analysts recently issued reports on UNF shares. Zacks Investment Research upgraded UniFirst Corp from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Tuesday, May 30th. Robert W. Baird raised UniFirst Corp from a “neutral” rating to an “outperform” rating and raised their target price for the company from $145.00 to $163.00 in a research report on Thursday, June 29th. Finally, BidaskClub lowered UniFirst Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of UniFirst Corp by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock valued at $577,000 after buying an additional 36 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of UniFirst Corp by 1.1% during the first quarter. Municipal Employees Retirement System of Michigan now owns 3,520 shares of the textile maker’s stock valued at $498,000 after buying an additional 40 shares during the period. Amalgamated Bank increased its stake in shares of UniFirst Corp by 2.0% during the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock valued at $294,000 after buying an additional 40 shares during the period. Huntington National Bank increased its stake in shares of UniFirst Corp by 6.4% during the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock valued at $181,000 after buying an additional 77 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of UniFirst Corp by 1.3% during the first quarter. Arizona State Retirement System now owns 8,057 shares of the textile maker’s stock valued at $1,140,000 after buying an additional 100 shares during the period. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UniFirst Corp (NYSE UNF) traded up 0.32% during mid-day trading on Friday, reaching $141.70. 26,026 shares of the company’s stock traded hands. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 24.77 and a beta of 0.70. The company has a 50 day moving average of $140.36 and a 200 day moving average of $138.50. UniFirst Corp has a 12 month low of $116.67 and a 12 month high of $147.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. UniFirst Corp’s dividend payout ratio (DPR) is currently 2.77%.

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UniFirst Corp Company Profile

UniFirst Corporation 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.

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Earnings History and Estimates for UniFirst Corp (NYSE:UNF)

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