UniFirst (NYSE:UNF) Releases 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 Ratings Changes

UNF has been the topic of several research reports. StockNews.com upgraded shares of UniFirst from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 24th. Robert W. Baird increased their price objective 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 issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $186.25.

UniFirst Price Performance

Shares of UNF stock opened at $204.13 on Wednesday. UniFirst has a one year low of $149.58 and a one year high of $243.70. The company has a market cap of $3.79 billion, a P/E ratio of 26.27 and a beta of 0.87. The firm has a 50-day moving average of $189.46 and a 200-day moving average of $186.31.

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

UniFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 0.69%. This is a boost from UniFirst’s previous quarterly dividend of $0.33. UniFirst’s payout ratio is currently 18.02%.

Insider Activity

In other UniFirst news, VP David Martin Katz sold 587 shares of the business’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 directly owns 5,625 shares in the company, valued at $1,086,075. The trade was a 9.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $190.97, for a total value of $1,814,215.00. Following the transaction, the insider now owns 17,390 shares of the company’s stock, valued at $3,320,968.30. The trade was a 35.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,294 shares of company stock valued at $2,546,632 in the last ninety days. 0.86% of the stock is currently owned by 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.