UniFirst (NYSE:UNF – Get Rating) will be announcing its earnings results before the market opens on Wednesday, June 28th. Analysts expect the company to announce earnings of $1.82 per share for the quarter. UniFirst has set its FY 2023 guidance at $5.02-$5.37 EPS.Investors interested in participating in the company’s conference call can do so using this link.
UniFirst (NYSE:UNF – Get Rating) last announced its earnings results on Wednesday, March 29th. The textile maker reported $0.95 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.40). UniFirst had a return on equity of 6.56% and a net margin of 4.88%. The business had revenue of $542.70 million for the quarter, compared to the consensus estimate of $531.68 million. During the same period in the prior year, the business posted $1.24 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts expect UniFirst to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
UniFirst Trading Down 0.5 %
Shares of UNF opened at $172.84 on Wednesday. UniFirst has a 12 month low of $155.75 and a 12 month high of $205.59. The firm’s 50 day moving average is $169.05 and its 200-day moving average is $183.84. The stock has a market capitalization of $3.23 billion, a PE ratio of 31.54 and a beta of 0.89.
UniFirst Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts have recently commented on UNF shares. StockNews.com cut shares of UniFirst from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. TheStreet cut shares of UniFirst from a “b-” rating to a “c+” rating in a research note on Wednesday, April 5th. Robert W. Baird decreased their price objective on shares of UniFirst from $225.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, March 30th. Finally, UBS Group began coverage on shares of UniFirst in a research note on Wednesday, May 31st. They issued a “neutral” rating and a $185.00 price objective on the stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of UniFirst by 0.3% during the third quarter. Vanguard Group Inc. now owns 1,664,757 shares of the textile maker’s stock worth $280,062,000 after buying an additional 4,941 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of UniFirst by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 574,746 shares of the textile maker’s stock worth $105,913,000 after buying an additional 15,921 shares during the last quarter. State Street Corp grew its stake in shares of UniFirst by 0.3% during the third quarter. State Street Corp now owns 558,531 shares of the textile maker’s stock worth $93,962,000 after buying an additional 1,591 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of UniFirst by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 522,020 shares of the textile maker’s stock worth $91,994,000 after buying an additional 24,811 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of UniFirst by 0.3% during the first quarter. Macquarie Group Ltd. now owns 486,886 shares of the textile maker’s stock worth $85,804,000 after buying an additional 1,540 shares during the last quarter. 77.47% of the stock is owned by institutional investors.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It 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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