UniFirst (NYSE:UNF) issued its quarterly earnings results on Wednesday. The textile maker reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19, Morningstar.com reports. UniFirst had a return on equity of 7.53% and a net margin of 4.40%. The firm had revenue of $415.80 million during the quarter, compared to the consensus estimate of $404.60 million. During the same period last year, the business posted $1.38 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. UniFirst updated its FY18 guidance to $5.10-5.30 EPS.
Shares of UniFirst (NYSE UNF) traded up $2.20 on Thursday, hitting $170.00. The stock had a trading volume of 131,300 shares, compared to its average volume of 125,700. The firm has a market cap of $3,402.15, a P/E ratio of 49.56, a PEG ratio of 3.19 and a beta of 0.74. UniFirst has a 12 month low of $124.85 and a 12 month high of $172.00.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 annualized dividend and a dividend yield of 0.09%. UniFirst’s dividend payout ratio is presently 4.37%.
In other news, VP David Martin Katz sold 1,060 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $168.15, for a total value of $178,239.00. Following the completion of the sale, the vice president now directly owns 2,667 shares in the company, valued at approximately $448,456.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Michael A. Croatti sold 1,216 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the sale, the vice president now owns 3,375 shares of the company’s stock, valued at $570,341.25. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in UniFirst by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,404,198 shares of the textile maker’s stock valued at $197,571,000 after acquiring an additional 15,155 shares in the last quarter. Janus Henderson Group PLC lifted its position in UniFirst by 5.6% in the 3rd quarter. Janus Henderson Group PLC now owns 909,126 shares of the textile maker’s stock valued at $137,733,000 after acquiring an additional 48,162 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in UniFirst by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 873,793 shares of the textile maker’s stock valued at $122,943,000 after acquiring an additional 11,559 shares in the last quarter. Victory Capital Management Inc. lifted its position in UniFirst by 5.3% in the 3rd quarter. Victory Capital Management Inc. now owns 586,882 shares of the textile maker’s stock valued at $88,912,000 after acquiring an additional 29,575 shares in the last quarter. Finally, State Street Corp lifted its position in UniFirst by 4.4% in the 2nd quarter. State Street Corp now owns 376,860 shares of the textile maker’s stock valued at $53,020,000 after acquiring an additional 15,909 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.
UniFirst 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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