Unifi (NYSE:UFI) announced its earnings results on Tuesday. The textile maker reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.17), Fidelity Earnings reports. Unifi had a net margin of 3.53% and a return on equity of 4.46%. The firm had revenue of $181.61 million during the quarter, compared to analysts’ expectations of $170.90 million.
Shares of UFI opened at $23.78 on Thursday. Unifi has a twelve month low of $22.78 and a twelve month high of $38.65. The firm has a market capitalization of $430.49 million, a PE ratio of 18.02 and a beta of 0.67. The company has a current ratio of 3.52, a quick ratio of 1.74 and a debt-to-equity ratio of 0.35.
In related news, Director Robert J. Bishop purchased 4,000 shares of Unifi stock in a transaction that occurred on Friday, August 31st. The shares were bought at an average price of $31.79 per share, with a total value of $127,160.00. Following the purchase, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $327,055.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Bishop purchased 5,000 shares of Unifi stock in a transaction that occurred on Tuesday, August 7th. The stock was bought at an average cost of $31.66 per share, for a total transaction of $158,300.00. Following the purchase, the director now directly owns 10,288 shares in the company, valued at $325,718.08. The disclosure for this purchase can be found here. In the last three months, insiders bought 38,459 shares of company stock worth $1,235,939. Insiders own 22.41% of the company’s stock.
Separately, ValuEngine downgraded shares of Unifi from a “hold” rating to a “sell” rating in a research note on Friday, October 12th.
Unifi Company Profile
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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