Unifi (NYSE:UFI) Posts Earnings Results, Beats Estimates By $0.04 EPS

Unifi (NYSE:UFI) released its quarterly earnings results on Tuesday. The textile maker reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.04, Zacks reports. Unifi had a negative return on equity of 19.64% and a negative net margin of 3.56%.

Unifi Stock Up 0.9%

Shares of NYSE UFI traded up $0.04 on Tuesday, hitting $4.37. The company had a trading volume of 55,037 shares, compared to its average volume of 56,514. Unifi has a 12-month low of $4.25 and a 12-month high of $6.49. The business has a 50 day moving average of $4.54 and a two-hundred day moving average of $4.74. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $80.24 million, a P/E ratio of -3.83 and a beta of 0.61.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wall Street Zen upgraded Unifi from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Unifi

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Unifi in the first quarter worth about $64,000. XTX Topco Ltd purchased a new stake in shares of Unifi in the second quarter worth about $80,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Unifi in the first quarter worth about $96,000. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.