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.
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