UniFirst Corp (NYSE:UNF) – Analysts at Northcoast Research cut their Q2 2018 EPS estimates for UniFirst in a note issued to investors on Thursday. Northcoast Research analyst J. Healy now anticipates that the textile maker will post earnings per share of $1.02 for the quarter, down from their previous forecast of $1.09. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for UniFirst’s Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.39 EPS and FY2019 earnings at $5.75 EPS.

UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.19. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The business had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $404.60 million. During the same period last year, the business earned $1.38 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis.

A number of other equities analysts have also recently commented on UNF. Robert W. Baird lifted their price objective on shares of UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded UniFirst from a “buy” rating to a “hold” rating in a report on Saturday, September 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $180.00.

UniFirst (UNF) traded up $5.05 during mid-day trading on Friday, reaching $175.05. 97,200 shares of the company’s stock were exchanged, compared to its average volume of 116,200. UniFirst has a 1 year low of $124.85 and a 1 year high of $175.05. The company has a market capitalization of $3,550.00, a PE ratio of 46.93, a price-to-earnings-growth ratio of 3.27 and a beta of 0.74.

A number of hedge funds and other institutional investors have recently modified their holdings of UNF. Schwab Charles Investment Management Inc. raised its stake in UniFirst by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 94,034 shares of the textile maker’s stock worth $13,231,000 after acquiring an additional 5,215 shares in the last quarter. SG Americas Securities LLC raised its stake in UniFirst by 209.7% during the second quarter. SG Americas Securities LLC now owns 5,538 shares of the textile maker’s stock worth $779,000 after acquiring an additional 3,750 shares in the last quarter. Bank of New York Mellon Corp raised its stake in UniFirst by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 205,765 shares of the textile maker’s stock worth $28,951,000 after acquiring an additional 2,881 shares in the last quarter. Legal & General Group Plc raised its stake in UniFirst by 8.9% during the second quarter. Legal & General Group Plc now owns 29,512 shares of the textile maker’s stock worth $4,153,000 after acquiring an additional 2,417 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in UniFirst by 52.0% during the second quarter. BNP Paribas Arbitrage SA now owns 5,778 shares of the textile maker’s stock worth $813,000 after acquiring an additional 1,977 shares in the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Michael A. Croatti sold 1,216 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the transaction, the vice president now owns 3,375 shares of the company’s stock, valued at $570,341.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP David Martin Katz sold 1,060 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $168.15, for a total value of $178,239.00. Following the completion of the transaction, the vice president now directly owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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 issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Thursday, December 7th. UniFirst’s dividend payout ratio is currently 4.02%.

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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.

Earnings History and Estimates for UniFirst (NYSE:UNF)

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