UniFirst (UNF) to Release Earnings on Wednesday

UniFirst (NYSE:UNF) is scheduled to be announcing its earnings results before the market opens on Wednesday, March 28th. Analysts expect the company to announce earnings of $1.12 per share for the quarter. UniFirst has set its FY18 guidance at $5.10-5.30 EPS.

UniFirst (NYSE:UNF) last posted its quarterly earnings data 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 business had revenue of $415.80 million during the quarter, compared to analyst estimates of $404.60 million. During the same quarter last year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts expect UniFirst to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

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UniFirst (NYSE:UNF) opened at $147.85 on Monday. UniFirst has a 12 month low of $133.05 and a 12 month high of $176.15. The company has a market cap of $2,999.73, a P/E ratio of 39.74, a PEG ratio of 2.73 and a beta of 0.68.

The firm 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 $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Thursday, March 8th. UniFirst’s payout ratio is 4.03%.

In other news, VP David Martin Katz sold 1,003 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $155.05, for a total value of $155,515.15. Following the completion of the transaction, the vice president now owns 3,710 shares of the company’s stock, valued at $575,235.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael A. Croatti sold 1,202 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $170.26, for a total transaction of $204,652.52. Following the completion of the transaction, the vice president now directly owns 4,420 shares of the company’s stock, valued at approximately $752,549.20. The disclosure for this sale can be found here. In the last three months, insiders sold 3,846 shares of company stock valued at $621,406. Insiders own 1.00% of the company’s stock.

Several research analysts have recently commented on UNF shares. Zacks Investment Research raised shares of UniFirst from a “hold” rating to a “buy” rating and set a $189.00 price objective for the company in a research note on Tuesday, December 26th. ValuEngine raised shares of UniFirst from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $180.00.

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About UniFirst

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.

Earnings History for UniFirst (NYSE:UNF)

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