According to Zacks, “Unifi, Inc. is one of the world’s largest producers of textured polyester and nylon, both natural and package dyed, covered elastomeric yarns and twisted yarns. They are engaged in the business of processing yarns by: texturizing of synthetic filament polyester and nylon fiber; and spinning of cotton and cotton blend fibers. “
Unifi (NYSE:UFI) traded down 0.27% during mid-day trading on Thursday, hitting $29.42. The company’s stock had a trading volume of 44,718 shares. The firm’s 50-day moving average is $27.49 and its 200-day moving average is $26.09. The company has a market cap of $528.82 million, a P/E ratio of 15.73 and a beta of 0.55. Unifi has a 12-month low of $20.71 and a 12-month high of $32.99.
Unifi (NYSE:UFI) last released its earnings results on Wednesday, July 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $163.90 million for the quarter, compared to the consensus estimate of $171.72 million. Unifi had a net margin of 5.35% and a return on equity of 11.70%. Analysts predict that Unifi will post $1.76 EPS for the current fiscal year.
In other news, Director James M. Kilts purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $26.73 per share, for a total transaction of $133,650.00. Following the completion of the acquisition, the director now owns 2,447 shares of the company’s stock, valued at $65,408.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William L. Jasper sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $26.01, for a total value of $585,225.00. Following the completion of the sale, the director now owns 97,932 shares of the company’s stock, valued at approximately $2,547,211.32. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.
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 Polyester segment manufactures Chip, partially oriented yarn (POY), textured, dyed, twisted, beamed and draw wound yarns, both virgin and recycled, with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, automotive upholstery, home furnishings, industrial and other end-use markets.
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