UniFirst (NYSE:UNF) Updates FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.790-7.190 for the period, compared to the consensus estimate of 7.650. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UNF. StockNews.com downgraded UniFirst from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Robert W. Baird raised their target price on UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $186.25.

UniFirst Trading Up 5.1 %

Shares of NYSE UNF opened at $215.15 on Thursday. The firm has a market capitalization of $4.00 billion, a P/E ratio of 27.69 and a beta of 0.87. The firm’s 50-day moving average price is $190.08 and its 200-day moving average price is $186.51. UniFirst has a 1-year low of $149.58 and a 1-year high of $243.70.

UniFirst (NYSE:UNF) last posted its quarterly earnings results on Wednesday, January 8th. The textile maker reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.09. UniFirst had a return on equity of 7.47% and a net margin of 5.99%. The business had revenue of $604.91 million for the quarter, compared to the consensus estimate of $606.60 million. During the same period in the prior year, the business earned $2.26 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts forecast that UniFirst will post 7.68 EPS for the current year.

UniFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $0.35 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.40 annualized dividend and a yield of 0.65%. This is an increase from UniFirst’s previous quarterly dividend of $0.33. UniFirst’s dividend payout ratio (DPR) is presently 18.02%.

Insider Buying and Selling at UniFirst

In other news, CEO Steven S. Sintros sold 3,207 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $193.04, for a total value of $619,079.28. Following the transaction, the chief executive officer now owns 22,571 shares in the company, valued at $4,357,105.84. This trade represents a 12.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Martin Katz sold 587 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $193.08, for a total value of $113,337.96. Following the sale, the vice president now owns 5,625 shares of the company’s stock, valued at $1,086,075. This trade represents a 9.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,294 shares of company stock worth $2,546,632. 0.86% of the stock is owned by corporate insiders.

About UniFirst

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.