Brokerages Anticipate Unifi, Inc. (NYSE:UFI) to Announce $0.08 Earnings Per Share

Shares of Unifi, Inc. (NYSE:UFI) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given Unifi an industry rank of 3 out of 256 based on the ratings given to related companies.

UFI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. ValuEngine upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research note on Saturday, May 4th.

In other Unifi news, insider Spring Master Fund L. Valueact bought 52,500 shares of Unifi stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $20.20 per share, with a total value of $1,060,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact bought 50,000 shares of Unifi stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $20.20 per share, with a total value of $1,010,000.00. The disclosure for this purchase can be found here. Corporate insiders own 22.41% of the company’s stock.

Large investors have recently made changes to their positions in the company. Asset Planning Services Ltd. purchased a new stake in shares of Unifi in the second quarter valued at about $28,000. Cutler Group LP raised its holdings in shares of Unifi by 39.0% in the second quarter. Cutler Group LP now owns 2,138 shares of the textile maker’s stock valued at $38,000 after buying an additional 600 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Unifi by 164.5% in the first quarter. Bank of Montreal Can now owns 3,074 shares of the textile maker’s stock valued at $59,000 after buying an additional 1,912 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Unifi by 373.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,252 shares of the textile maker’s stock valued at $63,000 after buying an additional 2,565 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Unifi by 407.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,632 shares of the textile maker’s stock valued at $129,000 after buying an additional 4,522 shares during the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.

NYSE UFI traded down $0.65 during trading hours on Friday, hitting $17.85. The company had a trading volume of 149,726 shares, compared to its average volume of 66,097. The company has a current ratio of 3.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. Unifi has a 1-year low of $15.90 and a 1-year high of $33.28. The stock has a market cap of $340.83 million, a P/E ratio of 137.31 and a beta of 0.71. The firm has a 50 day moving average of $18.26.

Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Unifi had a net margin of 0.35% and a return on equity of 0.14%. The company had revenue of $179.49 million during the quarter, compared to the consensus estimate of $186.90 million. On average, sell-side analysts predict that Unifi will post 0.76 earnings per share for the current year.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.

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