Unifi (UFI) to Release Quarterly Earnings on Tuesday

Unifi (NYSE:UFI) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $179.49 million during the quarter, compared to analysts’ expectations of $186.90 million. On average, analysts expect Unifi to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE UFI opened at $22.31 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 3.55 and a debt-to-equity ratio of 0.28. Unifi has a 52 week low of $15.90 and a 52 week high of $28.58. The firm has a 50-day moving average price of $21.71 and a 200 day moving average price of $19.75. The stock has a market capitalization of $405.11 million, a price-to-earnings ratio of 171.62 and a beta of 0.69.

In related news, Director Kenneth G. Langone acquired 2,778 shares of Unifi stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $19.99 per share, for a total transaction of $55,532.22. Following the completion of the purchase, the director now directly owns 1,213,811 shares of the company’s stock, valued at $24,264,081.89. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth G. Langone acquired 20,711 shares of Unifi stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $18.27 per share, with a total value of $378,389.97. Following the purchase, the director now directly owns 1,182,500 shares of the company’s stock, valued at $21,604,275. The disclosure for this purchase can be found here. Insiders purchased 228,841 shares of company stock valued at $4,385,065 in the last quarter. Company insiders own 25.93% of the company’s stock.

Separately, Zacks Investment Research cut shares of Unifi from a “buy” rating to a “hold” rating in a research note on Friday, October 11th.

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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Earnings History for Unifi (NYSE:UFI)

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