Unifirst Corporation (UNF) Expected to Earn Q1 2018 Earnings of $1.45 Per Share
Unifirst Corporation (NYSE:UNF) – Stock analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Unifirst Corporation in a report issued on Wednesday. KeyCorp analyst J. Box expects that the textile maker will earn $1.45 per share for the quarter. KeyCorp also issued estimates for Unifirst Corporation’s Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.37 EPS and Q4 2018 earnings at $1.38 EPS.
A number of other research analysts have also issued reports on UNF. Zacks Investment Research lowered shares of Unifirst Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday. Northcoast Research restated a “neutral” rating on shares of Unifirst Corporation in a research report on Thursday. Robert W. Baird increased their target price on shares of Unifirst Corporation from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BidaskClub lowered shares of 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 assigned a hold rating and one has issued a buy rating to the company’s stock. Unifirst Corporation currently has a consensus rating of “Hold” and an average target price of $165.00.
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Unifirst Corporation (NYSE UNF) opened at 155.95 on Monday. Unifirst Corporation has a 52 week low of $116.90 and a 52 week high of $160.62. The company has a market cap of $3.16 billion, a PE ratio of 28.74 and a beta of 0.70. The firm’s 50-day moving average is $149.91 and its 200-day moving average is $142.11.
Unifirst Corporation (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.20. The firm had revenue of $403.60 million during the quarter, compared to analysts’ expectations of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. The company’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 earnings per share.
Institutional investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new stake in shares of Unifirst Corporation during the 2nd quarter worth approximately $149,000. Riverhead Capital Management LLC lifted its holdings in shares of Unifirst Corporation by 83.2% during the 2nd 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 during the period. Huntington National Bank lifted its holdings in shares of Unifirst Corporation by 6.4% during the 2nd quarter. Huntington National Bank now owns 1,285 shares of the textile maker’s stock worth $181,000 after acquiring an additional 77 shares during the period. Citadel Advisors LLC bought a new stake in shares of Unifirst Corporation during the 1st quarter worth approximately $213,000. Finally, Shelton Capital Management bought a new stake in shares of Unifirst Corporation during the 2nd quarter worth approximately $216,000. 73.47% of the stock is owned by institutional investors.
About Unifirst Corporation
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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