UniFirst (NYSE:UNF) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

UniFirst (NYSE:UNF) posted its quarterly earnings results on Tuesday. The textile maker reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.03, MarketWatch Earnings reports. UniFirst had a return on equity of 7.48% and a net margin of 7.25%.

Shares of UniFirst stock traded up $0.20 during midday trading on Thursday, hitting $223.91. 1,136 shares of the company traded hands, compared to its average volume of 82,063. The firm’s fifty day moving average price is $238.67 and its 200-day moving average price is $207.74. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 32.87 and a beta of 1.03. UniFirst has a 12 month low of $132.60 and a 12 month high of $258.86.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 30th. Stockholders of record on Tuesday, March 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. UniFirst’s dividend payout ratio (DPR) is currently 14.03%.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of UniFirst from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. Robert W. Baird restated a “neutral” rating and set a $248.00 price objective (up from $240.00) on shares of UniFirst in a research report on Monday, March 22nd. Four analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $205.67.

About UniFirst

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.

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Earnings History for UniFirst (NYSE:UNF)

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