Unifi (NYSE:UFI) issued its quarterly earnings data on Thursday. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04, Bloomberg Earnings reports. Unifi had a net margin of 5.97% and a return on equity of 9.72%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $159.17 million. The firm’s revenue was up 8.0% on a year-over-year basis.
Shares of Unifi (UFI) traded down $0.15 on Friday, hitting $36.53. 76,179 shares of the stock were exchanged, compared to its average volume of 48,476. Unifi has a 52 week low of $26.02 and a 52 week high of $39.21. The company has a market cap of $667.34, a P/E ratio of 17.07 and a beta of 0.84. The company has a current ratio of 3.91, a quick ratio of 1.83 and a debt-to-equity ratio of 0.30.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Unifi from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of UFI. Bank of New York Mellon Corp raised its stake in Unifi by 6.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 270,273 shares of the textile maker’s stock worth $9,631,000 after purchasing an additional 17,334 shares in the last quarter. OxFORD Asset Management LLP raised its stake in Unifi by 173.2% in the 3rd quarter. OxFORD Asset Management LLP now owns 43,233 shares of the textile maker’s stock worth $1,549,000 after purchasing an additional 27,410 shares in the last quarter. Legal & General Group Plc raised its stake in Unifi by 8.7% in the 3rd quarter. Legal & General Group Plc now owns 30,454 shares of the textile maker’s stock worth $1,085,000 after purchasing an additional 2,441 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Unifi in the 2nd quarter worth about $277,000. Finally, Wells Fargo & Company MN raised its stake in Unifi by 29.0% in the 2nd quarter. Wells Fargo & Company MN now owns 18,123 shares of the textile maker’s stock worth $558,000 after purchasing an additional 4,075 shares in the last quarter. Institutional investors own 78.30% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Unifi (UFI) Posts Earnings Results, Beats Expectations By $0.04 EPS” was reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/25/unifi-ufi-announces-earnings-results-beats-estimates-by-0-09-eps.html.
Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
Receive News & Ratings for Unifi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi and related companies with MarketBeat.com's FREE daily email newsletter.