Brokerages Anticipate Unifirst Corporation (UNF) to Announce $1.41 EPS
Unifirst Corporation (NYSE:UNF) has earned a consensus broker rating score of 2.67 (Hold) from the six brokers that cover the stock, Zacks Investment Research reports. Five research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price objective of $158.00 for the company and are predicting that the company will post $1.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Unifirst Corporation an industry rank of 225 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on UNF shares. Zacks Investment Research lowered Unifirst Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, October 21st. Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst Corporation in a report on Thursday, October 19th. Finally, Robert W. Baird upped their price objective on Unifirst Corporation from $163.00 to $171.00 and gave the company an “outperform” rating in a report on Thursday, October 19th.
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Shares of Unifirst Corporation (NYSE:UNF) traded down $0.15 during midday trading on Friday, reaching $153.70. The company’s stock had a trading volume of 57,973 shares, compared to its average volume of 55,793. Unifirst Corporation has a 52-week low of $124.85 and a 52-week high of $162.40. The firm has a market cap of $3,116.27, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.92 and a beta of 0.74.
Unifirst Corporation (NYSE:UNF) last issued its quarterly earnings data on Wednesday, October 18th. The textile maker reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. Unifirst Corporation had a return on equity of 7.53% and a net margin of 4.40%. The firm had revenue of $403.60 million for the quarter, compared to analyst estimates of $392.15 million. During the same period in the prior year, the firm posted $1.27 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. sell-side analysts forecast that Unifirst Corporation will post 5.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Thursday, December 7th. Unifirst Corporation’s dividend payout ratio (DPR) is currently 4.37%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UNF. Teachers Advisors LLC grew its holdings in shares of Unifirst Corporation by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 28,744 shares of the textile maker’s stock worth $4,066,000 after purchasing an additional 582 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Unifirst Corporation during the 1st quarter worth $235,000. State Street Corp grew its holdings in shares of Unifirst Corporation by 6.0% during the 1st quarter. State Street Corp now owns 360,951 shares of the textile maker’s stock worth $51,056,000 after purchasing an additional 20,461 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Unifirst Corporation by 78.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,049 shares of the textile maker’s stock worth $428,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Unifirst Corporation by 2.3% during the 2nd quarter. Aperio Group LLC now owns 4,585 shares of the textile maker’s stock worth $645,000 after purchasing an additional 104 shares in the last quarter. 73.15% of the stock is currently 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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