UniFirst Corp (NYSE:UNF) – Stock analysts at William Blair cut their Q2 2018 earnings per share estimates for UniFirst in a research report issued to clients and investors on Wednesday. William Blair analyst T. Mulrooney now anticipates that the textile maker will earn $1.09 per share for the quarter, down from their previous estimate of $1.14. William Blair also issued estimates for UniFirst’s Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.28 EPS and FY2019 earnings at $5.92 EPS.

Several other brokerages also recently weighed in on UNF. Zacks Investment Research upgraded shares of UniFirst from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Northcoast Research restated a “neutral” rating on shares of UniFirst in a research report on Thursday, October 19th. Finally, Robert W. Baird boosted their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $180.00.

Shares of UniFirst (NYSE:UNF) traded up $5.05 during trading hours on Friday, reaching $175.05. 97,200 shares of the company traded hands, compared to its average volume of 116,200. The company has a market cap 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 12-month low of $124.85 and a 12-month high of $175.05.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 8th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. UniFirst’s dividend payout ratio (DPR) is 4.02%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of UniFirst by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,105 shares of the textile maker’s stock worth $577,000 after purchasing an additional 36 shares in the last quarter. Amalgamated Bank raised its holdings in shares of UniFirst by 2.0% in the 2nd quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after purchasing an additional 40 shares in the last quarter. Martin & Co. Inc. TN raised its holdings in shares of UniFirst by 1.2% in the 2nd quarter. Martin & Co. Inc. TN now owns 9,499 shares of the textile maker’s stock worth $1,337,000 after purchasing an additional 115 shares in the last quarter. Summit Global Investments raised its holdings in shares of UniFirst by 9.1% in the 2nd quarter. Summit Global Investments now owns 3,600 shares of the textile maker’s stock worth $507,000 after purchasing an additional 300 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in shares of UniFirst by 9.0% in the 2nd quarter. M&T Bank Corp now owns 3,868 shares of the textile maker’s stock worth $544,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

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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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