UniFirst (NYSE:UNF) Issues FY25 Earnings Guidance

by · The Cerbat Gem

UniFirst (NYSE:UNF – Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $7.30-7.70 for the period, compared to the consensus EPS estimate of $7.77. The company issued revenue guidance of $2.422-2.432 billion, compared to the consensus revenue estimate of $2.43 billion. UniFirst also updated its FY 2025 guidance to 7.300-7.700 EPS.

UniFirst Stock Down 2.9 %

UNF opened at $171.94 on Friday. UniFirst has a twelve month low of $149.58 and a twelve month high of $243.70. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 21.99 and a beta of 0.88. The company has a 50-day simple moving average of $206.02 and a 200 day simple moving average of $198.29.

UniFirst (NYSE:UNF – Get Free Report) last announced its quarterly earnings data on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). UniFirst had a net margin of 6.00% and a return on equity of 7.40%. The firm had revenue of $602.20 million during the quarter, compared to the consensus estimate of $602.81 million. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that UniFirst will post 7.71 EPS for the current fiscal year.

UniFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were given a dividend of $0.35 per share. The ex-dividend date was Friday, March 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.81%. UniFirst’s dividend payout ratio is currently 17.41%.

Analyst Upgrades and Downgrades

UNF has been the subject of several research analyst reports. UBS Group boosted their target price on UniFirst from $194.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday. Robert W. Baird decreased their price target on shares of UniFirst from $218.00 to $197.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, StockNews.com cut shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th.

Read Our Latest Stock Analysis on UNF

Insider Transactions at UniFirst

In other UniFirst news, VP David Martin Katz sold 1,299 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total transaction of $274,024.05. Following the sale, the vice president now directly owns 6,455 shares of the company’s stock, valued at $1,361,682.25. The trade was a 16.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.86% of the company’s stock.

About UniFirst

(Get Free Report)

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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