UniFirst (NYSE:UNF) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

UniFirst (NYSE:UNF) released its earnings results on Wednesday. The textile maker reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.09, RTT News reports. UniFirst had a net margin of 5.99% and a return on equity of 7.47%. The company had revenue of $604.91 million during the quarter, compared to analysts’ expectations of $606.60 million. During the same period last year, the business earned $2.26 EPS. UniFirst’s revenue for the quarter was up 1.9% on a year-over-year basis. UniFirst updated its FY 2025 guidance to 6.790-7.190 EPS.

UniFirst Stock Up 5.1 %

Shares of UNF opened at $215.15 on Thursday. The stock has a 50 day moving average price of $190.08 and a 200 day moving average price of $186.51. UniFirst has a 52-week low of $149.58 and a 52-week high of $243.70. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 27.69 and a beta of 0.87.

UniFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.65%. This is an increase from UniFirst’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, December 6th. UniFirst’s payout ratio is 18.02%.

Analyst Ratings Changes

UNF has been the subject of a number of research reports. StockNews.com downgraded UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on UniFirst from $199.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $186.25.

Insider Activity at UniFirst

In other UniFirst news, VP David Martin Katz sold 587 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total transaction of $113,337.96. Following the completion of the sale, the vice president now directly owns 5,625 shares of the company’s stock, valued at $1,086,075. This represents a 9.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven S. Sintros sold 3,207 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $193.04, for a total transaction of $619,079.28. Following the completion of the transaction, the chief executive officer now directly owns 22,571 shares in the company, valued at $4,357,105.84. This represents a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,294 shares of company stock valued at $2,546,632 in the last ninety days. Insiders own 0.86% of the company’s stock.

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.