UniFirst (NYSE:UNF) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $6.65-7.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.46. The company issued revenue guidance of $1.765-1.785 billion, compared to the consensus revenue estimate of $1.75 billion.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of UniFirst from a hold rating to a sell rating in a research note on Tuesday, October 23rd. Robert W. Baird set a $170.00 price target on shares of UniFirst and gave the company a buy rating in a research note on Thursday, October 18th. Finally, ValuEngine cut shares of UniFirst from a buy rating to a hold rating in a research note on Tuesday, September 4th.
Shares of UNF stock traded down $1.34 during trading on Friday, reaching $148.00. 55,436 shares of the company’s stock traded hands, compared to its average volume of 96,256. The stock has a market capitalization of $2.86 billion, a P/E ratio of 19.87 and a beta of 0.75. UniFirst has a 1 year low of $143.68 and a 1 year high of $193.05.
UniFirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 17th. The textile maker reported $2.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.42. The company had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $421.45 million. UniFirst had a net margin of 9.33% and a return on equity of 8.54%. UniFirst’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 EPS. On average, sell-side analysts anticipate that UniFirst will post 7.01 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, December 7th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Thursday, December 6th. UniFirst’s payout ratio is currently 6.04%.
In related news, major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $152.65, for a total transaction of $335,830.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
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UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
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