UniFirst Corp (NYSE:UNF) – Analysts at Northcoast Research issued their Q1 2019 EPS estimates for UniFirst in a research report issued on Thursday, October 18th. Northcoast Research analyst J. Healy expects that the textile maker will post earnings of $1.96 per share for the quarter. Northcoast Research also issued estimates for UniFirst’s Q2 2019 earnings at $1.58 EPS, Q3 2019 earnings at $1.74 EPS and FY2019 earnings at $7.00 EPS.
Several other research firms also recently weighed in on UNF. Zacks Investment Research downgraded UniFirst from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. ValuEngine downgraded UniFirst from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Robert W. Baird lifted their target price on UniFirst from $183.00 to $198.00 and gave the company an “outperform” rating in a research report on Thursday, June 28th. Finally, Barrington Research reissued a “hold” rating on shares of UniFirst in a report on Friday, June 29th.
NYSE UNF opened at $153.25 on Friday. The firm has a market cap of $2.93 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.24 and a beta of 0.55. UniFirst has a fifty-two week low of $144.30 and a fifty-two week high of $193.05.
UniFirst (NYSE:UNF) last released its earnings results on Wednesday, October 17th. The textile maker reported $2.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.42. The company had revenue of $434.10 million for the quarter, compared to the consensus estimate of $421.45 million. UniFirst had a return on equity of 8.54% and a net margin of 9.33%. UniFirst’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share.
In other UniFirst news, major shareholder The Ronald D. Croatti Trust – 1 sold 2,200 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $182.83, for a total transaction of $402,226.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Cecelia Levenstein sold 500 shares of the firm’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $188.78, for a total value of $94,390.00. Following the sale, the insider now directly owns 118,808 shares in the company, valued at $22,428,574.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,215 shares of company stock worth $1,078,909. Insiders own 1.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Strs Ohio raised its holdings in UniFirst by 744.4% during the third quarter. Strs Ohio now owns 7,600 shares of the textile maker’s stock valued at $1,319,000 after acquiring an additional 6,700 shares during the period. Bank of Montreal Can increased its holdings in shares of UniFirst by 30.5% in the third quarter. Bank of Montreal Can now owns 18,407 shares of the textile maker’s stock worth $3,197,000 after purchasing an additional 4,302 shares during the last quarter. Northern Trust Corp increased its holdings in shares of UniFirst by 0.8% in the second quarter. Northern Trust Corp now owns 318,869 shares of the textile maker’s stock worth $56,407,000 after purchasing an additional 2,453 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of UniFirst by 1,127.6% in the second quarter. WINTON GROUP Ltd now owns 40,436 shares of the textile maker’s stock worth $7,153,000 after purchasing an additional 37,142 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of UniFirst by 44.2% in the second quarter. California Public Employees Retirement System now owns 41,676 shares of the textile maker’s stock worth $7,372,000 after purchasing an additional 12,773 shares during the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Canada, and Europe. It operates through US Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. 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, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.
Further Reading: How to calculate the intrinsic value of a stock
Receive News & Ratings for UniFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst and related companies with MarketBeat.com's FREE daily email newsletter.