UniFirst Corp (NYSE:UNF) – Equities research analysts at Barrington Research reduced their Q2 2018 earnings estimates for UniFirst in a research note issued on Thursday, Zacks Investment Research reports. Barrington Research analyst K. Steinke now expects that the textile maker will earn $1.10 per share for the quarter, down from their previous estimate of $1.12. Barrington Research also issued estimates for UniFirst’s Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.32 EPS and FY2019 earnings at $5.64 EPS.
UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.19. The firm had revenue of $415.80 million for the quarter, compared to analysts’ expectations of $404.60 million. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 earnings per share.
A number of other research analysts have also recently commented on the company. Zacks Investment Research raised UniFirst from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research note on Tuesday, December 26th. Northcoast Research reaffirmed a “neutral” rating on shares of UniFirst in a research note on Thursday, October 19th. Finally, Robert W. Baird increased their price objective on UniFirst from $163.00 to $171.00 and gave the stock an “outperform” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $180.00.
UniFirst (NYSE UNF) traded down $0.35 on Friday, hitting $171.15. The stock had a trading volume of 42,322 shares, compared to its average volume of 70,109. The company has a market capitalization of $3,479.56, a PE ratio of 31.18, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. UniFirst has a 1 year low of $124.85 and a 1 year high of $176.15.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.15 annualized dividend and a yield of 0.09%. UniFirst’s dividend payout ratio (DPR) is currently 4.03%.
In related news, VP David Martin Katz sold 1,060 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $168.15, for a total value of $178,239.00. Following the transaction, the vice president now owns 2,667 shares of the company’s stock, valued at $448,456.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael A. Croatti sold 1,216 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $168.99, for a total value of $205,491.84. Following the sale, the vice president now owns 3,375 shares of the company’s stock, valued at approximately $570,341.25. The disclosure for this sale can be found here. In the last three months, insiders sold 2,401 shares of company stock worth $405,193. 1.00% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Atlantic Trust Group LLC purchased a new stake in UniFirst during the third quarter worth $3,068,000. GSA Capital Partners LLP purchased a new stake in UniFirst during the third quarter worth $334,000. Martin & Co. Inc. TN lifted its holdings in UniFirst by 56.9% during the third quarter. Martin & Co. Inc. TN now owns 14,900 shares of the textile maker’s stock worth $2,257,000 after buying an additional 5,401 shares during the period. California Public Employees Retirement System lifted its holdings in UniFirst by 10.1% during the third quarter. California Public Employees Retirement System now owns 21,148 shares of the textile maker’s stock worth $3,204,000 after buying an additional 1,948 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in UniFirst during the third quarter worth $362,000. Institutional investors own 74.07% of the company’s stock.
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UniFirst Company Profile
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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