UniFirst (NYSE:UNF) Issues FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.300-7.700 for the period, compared to the consensus earnings per share estimate of 7.770. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. UniFirst also updated its FY25 guidance to $7.30-7.70 EPS.

UniFirst Stock Performance

Shares of NYSE:UNF opened at $175.07 on Wednesday. The firm has a market capitalization of $3.25 billion, a PE ratio of 22.39 and a beta of 0.89. UniFirst has a 52-week low of $149.58 and a 52-week high of $243.70. The firm has a fifty day moving average of $208.08 and a 200 day moving average of $198.63.

UniFirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The firm had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $602.81 million. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. UniFirst’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, sell-side analysts forecast that UniFirst will post 7.71 EPS for the current fiscal year.

UniFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, March 7th. UniFirst’s dividend payout ratio (DPR) is presently 17.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UNF shares. StockNews.com lowered shares of UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group reduced their price objective on UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th.

Insider Transactions at UniFirst

In other news, VP David Martin Katz sold 1,299 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total transaction of $274,024.05. Following the completion of the transaction, the vice president now directly owns 6,455 shares of the company’s stock, valued at approximately $1,361,682.25. This represents a 16.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

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.