UniFirst (NYSE:UNF) released its quarterly earnings data on Tuesday. The textile maker reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.51, MarketWatch Earnings reports. UniFirst had a net margin of 7.70% and a return on equity of 8.49%.
Shares of UniFirst stock traded down $4.77 during trading on Thursday, reaching $220.19. The company’s stock had a trading volume of 858 shares, compared to its average volume of 108,446. The business’s 50-day moving average price is $199.76 and its 200-day moving average price is $188.38. The firm has a market cap of $4.16 billion, a PE ratio of 28.08 and a beta of 0.89. UniFirst has a 52 week low of $121.89 and a 52 week high of $227.55.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Monday, December 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. UniFirst’s payout ratio is presently 11.74%.
Several analysts have commented on the stock. BidaskClub upgraded shares of UniFirst from a “sell” rating to a “hold” rating in a report on Friday, December 11th. Zacks Investment Research upgraded shares of UniFirst from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 23rd. Finally, Northcoast Research reiterated a “neutral” rating on shares of UniFirst in a report on Thursday, October 22nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $191.67.
In related news, EVP Michael A. Croatti sold 997 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $163.41, for a total value of $162,919.77. Following the completion of the transaction, the executive vice president now owns 9,122 shares of the company’s stock, valued at $1,490,626.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael A. Croatti sold 1,286 shares of the business’s stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $188.37, for a total value of $242,243.82. Following the completion of the transaction, the executive vice president now directly owns 9,122 shares of the company’s stock, valued at approximately $1,718,311.14. The disclosure for this sale can be found here. In the last three months, insiders sold 2,370 shares of company stock valued at $423,063. 1.10% of the stock is currently owned by company insiders.
UniFirst Company Profile
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It 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.
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