Research Analysts Set Expectations for Unifirst Corporation’s Q1 2018 Earnings (UNF)
Unifirst Corporation (NYSE:UNF) – William Blair issued their Q1 2018 earnings estimates for Unifirst Corporation in a report issued on Wednesday. William Blair analyst T. Mulrooney anticipates that the textile maker will post earnings per share of $1.46 for the quarter. William Blair also issued estimates for Unifirst Corporation’s Q2 2018 earnings at $1.14 EPS and Q3 2018 earnings at $1.33 EPS.
Unifirst Corporation (NYSE:UNF) last posted its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. The company had revenue of $403.60 million for the quarter, compared to analyst estimates of $392.15 million. Unifirst Corporation had a return on equity of 7.53% and a net margin of 4.40%. Unifirst Corporation’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 EPS.
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Several other equities research analysts also recently weighed in on UNF. Zacks Investment Research downgraded Unifirst Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst Corporation in a research report on Thursday. Robert W. Baird upped their target price on Unifirst Corporation from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BidaskClub downgraded Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $165.00.
Shares of Unifirst Corporation (UNF) opened at 155.95 on Monday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 28.74 and a beta of 0.70. The firm has a 50-day moving average price of $149.91 and a 200-day moving average price of $142.11. Unifirst Corporation has a 52-week low of $116.90 and a 52-week high of $160.62.
Several large investors have recently added to or reduced their stakes in UNF. Trust Co. of Vermont acquired a new position in shares of Unifirst Corporation in the second quarter worth about $149,000. Riverhead Capital Management LLC lifted its stake in shares of Unifirst Corporation by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after acquiring an additional 499 shares in the last quarter. Huntington National Bank lifted its stake in shares of Unifirst Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after acquiring an additional 77 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Unifirst Corporation in the first quarter worth about $213,000. Finally, Shelton Capital Management acquired a new position in shares of Unifirst Corporation in the second quarter worth about $216,000. Institutional investors and hedge funds own 73.47% of the company’s stock.
Unifirst Corporation 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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