UniFirst Corp (NYSE:UNF) – Barrington Research reduced their Q2 2018 earnings per share (EPS) estimates for shares of UniFirst in a note issued to investors on Thursday. Barrington Research analyst K. Steinke now anticipates that the textile maker will post earnings of $1.10 per share for the quarter, down from their previous forecast of $1.12. Barrington Research also issued estimates for UniFirst’s Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.32 EPS and FY2019 earnings at $5.64 EPS.

UniFirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million during the quarter, compared to the consensus estimate of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share.

Several other brokerages also recently issued reports on UNF. Zacks Investment Research upgraded shares of UniFirst from a “hold” rating to a “buy” rating and set a $189.00 price objective for the company in a research report on Tuesday, December 26th. Robert W. Baird raised 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. Finally, Northcoast Research restated a “neutral” rating on shares of UniFirst in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $180.00.

Shares of UniFirst (NYSE UNF) traded up $5.05 during mid-day trading on Friday, reaching $175.05. 97,200 shares of the company’s stock traded hands, compared to its average volume of 116,200. The firm has a market capitalization of $3,550.00, a P/E ratio of 46.93, a PEG ratio of 3.27 and a beta of 0.74. UniFirst has a 1 year low of $124.85 and a 1 year high of $175.05.

The firm 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. The ex-dividend date 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 4.02%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in shares of UniFirst by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after purchasing an additional 499 shares during the period. Sei Investments Co. increased its holdings in shares of UniFirst by 26,600.0% during the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after purchasing an additional 1,064 shares during the period. Shelton Capital Management bought a new position in shares of UniFirst during the second quarter worth approximately $216,000. Amalgamated Bank increased its holdings in shares of UniFirst by 2.0% during the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after purchasing an additional 40 shares during the period. Finally, Eaton Vance Management bought a new position in shares of UniFirst during the second quarter worth approximately $300,000. 74.07% of the stock is currently owned by institutional investors.

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About UniFirst

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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