UniFirst (NYSE:UNF) Releases FY25 Earnings Guidance

UniFirst (NYSE:UNF) updated its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $7.30-7.70 for the period, compared to the consensus estimate of $7.77. The company issued revenue guidance of $2.422-2.432 billion, compared to the consensus revenue estimate of $2.43 billion.

UniFirst Stock Performance

Shares of UNF stock opened at $175.07 on Wednesday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.39 and a beta of 0.89. The company’s 50-day moving average is $208.08 and its 200 day moving average is $198.63. UniFirst has a one year low of $149.58 and a one year high of $243.70.

UniFirst (NYSE:UNF) last issued its quarterly earnings data on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.03. UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $602.81 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts predict that UniFirst will post 7.71 earnings per share for the current fiscal year.

UniFirst Dividend Announcement

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

Wall Street Analysts Forecast Growth

UNF has been the subject of several recent research reports. StockNews.com lowered shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group decreased their target price on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 25th.

Insider Activity

In related news, VP David Martin Katz sold 1,299 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $210.95, for a total transaction of $274,024.05. Following the completion of the sale, the vice president now owns 6,455 shares in the company, valued at approximately $1,361,682.25. This trade represents a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.