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.

Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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