$1.07 EPS Expected for UniFirst Corp (UNF) This Quarter
Analysts predict that UniFirst Corp (NYSE:UNF) will post $1.07 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for UniFirst’s earnings, with the lowest EPS estimate coming in at $1.02 and the highest estimate coming in at $1.10. UniFirst posted earnings per share of $1.10 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.7%. The firm is expected to announce its next earnings results on Wednesday, April 4th.
According to Zacks, analysts expect that UniFirst will report full year earnings of $5.41 per share for the current financial year, with EPS estimates ranging from $5.36 to $5.52. For the next fiscal year, analysts expect that the firm will report earnings of $6.04 per share, with EPS estimates ranging from $5.64 to $6.86. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover UniFirst.
UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $415.80 million for the quarter, compared to analyst estimates of $404.60 million. During the same quarter last year, the firm posted $1.38 earnings per share. UniFirst’s revenue for the quarter was up 7.7% compared to the same quarter last year.
UniFirst (UNF) traded down $0.35 during midday trading on Tuesday, reaching $171.15. 42,300 shares of the company traded hands, compared to its average volume of 84,311. UniFirst has a 52-week low of $124.85 and a 52-week high of $176.15. The stock has a market capitalization of $3,472.46, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.0375 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. UniFirst’s dividend payout ratio is currently 4.03%.
In other news, VP Michael A. Croatti sold 1,216 shares of UniFirst stock in a transaction that occurred on 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 owns 3,375 shares in the company, valued at $570,341.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Martin Katz sold 1,060 shares of UniFirst stock in a transaction on Monday, December 18th. The stock was sold at an average price of $168.15, for a total transaction of $178,239.00. Following the completion of the sale, the vice president now owns 2,667 shares of the company’s stock, valued at approximately $448,456.05. The disclosure for this sale can be found here. Insiders have sold 2,401 shares of company stock worth $405,193 in the last quarter. Insiders own 1.00% of the company’s stock.
Several large investors have recently modified their holdings of UNF. Riverhead Capital Management LLC increased its stake in shares of UniFirst by 83.2% in the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after buying an additional 499 shares during the last quarter. Sei Investments Co. increased its stake in shares of UniFirst by 26,600.0% in the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after buying an additional 1,064 shares during the last quarter. Shelton Capital Management bought a new stake in shares of UniFirst in the second quarter worth $216,000. Amalgamated Bank increased its stake in shares of UniFirst by 2.0% in the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after buying an additional 40 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in shares of UniFirst in the second quarter worth $300,000. Institutional investors and hedge funds own 74.07% of the company’s stock.
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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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