Q1 2018 Earnings Forecast for Unifirst Corporation (UNF) Issued By William Blair
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.
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.
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