Unifirst Corporation (UNF) Releases FY18 Earnings Guidance

Unifirst Corporation (NYSE:UNF) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.00-5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.52. The company issued revenue guidance of $1.625-1.645 billion, compared to the consensus revenue estimate of $1.63 billion.

Shares of Unifirst Corporation (NYSE UNF) opened at 159.475 on Friday. Unifirst Corporation has a 52-week low of $119.05 and a 52-week high of $160.95. The stock has a market cap of $3.23 billion, a PE ratio of 29.385 and a beta of 0.70. The company’s 50-day moving average price is $150.82 and its 200-day moving average price is $142.58.

Unifirst Corporation (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.20. The company had revenue of $403.60 million during the quarter, compared to the consensus estimate of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 earnings per share. Analysts expect that Unifirst Corporation will post $5.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 8th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a yield of 0.09%. Unifirst Corporation’s payout ratio is 4.37%.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Unifirst Corporation from a hold rating to a strong sell rating in a research report on Saturday, October 21st. Northcoast Research reaffirmed a neutral rating on shares of Unifirst Corporation in a research report on Thursday, October 19th. Robert W. Baird increased their price objective on shares of Unifirst Corporation from $163.00 to $171.00 and gave the stock an outperform rating in a research report on Thursday, October 19th. Finally, BidaskClub cut shares of Unifirst Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Unifirst Corporation currently has a consensus rating of Hold and an average target price of $165.00.

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About Unifirst Corporation

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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