UniFirst (NYSE:UNF) Updates FY25 Earnings Guidance

UniFirst (NYSE:UNF) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $7.30-7.70 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

UNF has been the topic of a number of research reports. StockNews.com downgraded shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th. UBS Group cut their price objective on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating on the stock in a report on Tuesday, March 25th.

UniFirst Stock Up 0.6 %

Shares of UniFirst stock opened at $175.07 on Wednesday. The business has a fifty day simple moving average of $208.08 and a 200 day simple moving average of $198.63. The stock has a market cap of $3.25 billion, a PE ratio of 22.39 and a beta of 0.89. UniFirst has a 12 month low of $149.58 and a 12 month high of $243.70.

UniFirst (NYSE:UNF) last issued its earnings results on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.03. The firm had revenue of $602.20 million for the quarter, compared to analysts’ expectations of $602.81 million. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. Analysts expect that UniFirst will post 7.71 EPS for the current fiscal year.

UniFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 7th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, March 7th. UniFirst’s payout ratio is presently 17.90%.

Insiders Place Their Bets

In related news, VP David Martin Katz sold 1,299 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $210.95, for a total value of $274,024.05. Following the completion of the sale, the vice president now owns 6,455 shares in the company, valued at $1,361,682.25. This represents a 16.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.86% of the company’s stock.

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.