Unifirst Corporation (NYSE:UNF) – William Blair issued their Q1 2018 EPS estimates for Unifirst Corporation in a research note issued to investors on Wednesday. William Blair analyst T. Mulrooney expects that the textile maker will post earnings of $1.46 per share for the quarter. William Blair also issued estimates for Unifirst Corporation’s Q2 2018 earnings at $1.14 EPS and Q3 2018 earnings at $1.33 EPS.

A number of other brokerages have also recently issued reports on UNF. Robert W. Baird upped their target price on Unifirst Corporation from $163.00 to $171.00 and gave the stock an “outperform” rating in a research report on Thursday, October 19th. BidaskClub cut Unifirst Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut Unifirst Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Unifirst Corporation in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Unifirst Corporation presently has an average rating of “Hold” and an average price target of $165.00.

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Shares of Unifirst Corporation (NYSE:UNF) traded up 0.42% on Monday, reaching $156.70. 7,922 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $150.25 and its 200-day moving average price is $142.32. Unifirst Corporation has a 12 month low of $118.70 and a 12 month high of $160.62. The company has a market capitalization of $3.18 billion, a P/E ratio of 28.87 and a beta of 0.70.

Unifirst Corporation (NYSE:UNF) last announced its quarterly earnings results on Wednesday, October 18th. The textile maker reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.20. The firm had revenue of $403.60 million for the quarter, compared to analysts’ expectations of $392.15 million. Unifirst Corporation had a net margin of 4.40% and a return on equity of 7.53%. Unifirst Corporation’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Unifirst Corporation by 52,993.4% in the first quarter. BlackRock Inc. now owns 1,852,961 shares of the textile maker’s stock valued at $262,102,000 after acquiring an additional 1,849,471 shares during the period. Vanguard Group Inc. boosted its position in shares of Unifirst Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,404,198 shares of the textile maker’s stock valued at $197,571,000 after acquiring an additional 15,155 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Unifirst Corporation by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 873,793 shares of the textile maker’s stock valued at $122,943,000 after acquiring an additional 11,559 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Unifirst Corporation in the second quarter valued at approximately $121,138,000. Finally, Royce & Associates LP boosted its position in shares of Unifirst Corporation by 3.8% in the second quarter. Royce & Associates LP now owns 813,720 shares of the textile maker’s stock valued at $114,490,000 after acquiring an additional 29,500 shares during the period. 73.47% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 8th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Unifirst Corporation’s payout ratio is currently 4.37%.

Unifirst Corporation Company Profile

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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