Unifirst Corporation Forecasted to Earn Q1 2018 Earnings of $1.29 Per Share (UNF)
Unifirst Corporation (NYSE:UNF) – Analysts at Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for Unifirst Corporation in a research report issued to clients and investors on Thursday. Northcoast Research analyst J. Healy forecasts that the textile maker will post earnings of $1.29 per share for the quarter. Northcoast Research has a “Neutral” rating on the stock.
Unifirst Corporation (NYSE:UNF) last posted its earnings results on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.20. The firm had revenue of $403.60 million for the quarter, compared to the consensus estimate of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share.
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Several other equities research analysts have also recently commented on UNF. Robert W. Baird raised shares of Unifirst Corporation from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Unifirst Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub lowered shares of Unifirst Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Unifirst Corporation currently has a consensus rating of “Hold” and an average price target of $165.00.
Unifirst Corporation (NYSE UNF) opened at 155.95 on Monday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 28.74 and a beta of 0.70. Unifirst Corporation has a 52-week low of $116.90 and a 52-week high of $160.62. The firm’s 50-day moving average is $149.91 and its 200 day moving average is $142.11.
Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its stake in shares of Unifirst Corporation by 3.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 63,582 shares of the textile maker’s stock worth $8,946,000 after purchasing an additional 2,184 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Unifirst Corporation during the 2nd quarter worth about $470,000. Martin & Co. Inc. TN increased its stake in shares of Unifirst Corporation by 1.2% during the 2nd quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock worth $1,337,000 after purchasing an additional 115 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in shares of Unifirst Corporation by 11.1% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 254,924 shares of the textile maker’s stock worth $35,868,000 after purchasing an additional 25,386 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Unifirst Corporation by 4.4% during the 2nd quarter. State Street Corp now owns 376,860 shares of the textile maker’s stock worth $53,020,000 after purchasing an additional 15,909 shares during the last quarter. Institutional investors 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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