Vestis (NYSE:VSTS) Announces Earnings Results, Misses Estimates By $0.13 EPS

Vestis (NYSE:VSTS) posted its earnings results on Monday. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13), RTT News reports. The company had revenue of $712.01 million for the quarter, compared to analysts’ expectations of $690.65 million. Vestis had a positive return on equity of 3.76% and a negative net margin of 1.11%.The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Vestis updated its FY 2026 guidance to EPS.

Vestis Trading Up 3.3%

Shares of NYSE:VSTS opened at $6.70 on Tuesday. The business’s 50-day moving average is $5.21 and its 200 day moving average is $5.40. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.84 and a quick ratio of 1.42. Vestis has a 1 year low of $3.98 and a 1 year high of $17.83. The firm has a market capitalization of $882.67 million, a P/E ratio of -29.11 and a beta of 0.76.

Institutional Trading of Vestis

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Vestis by 471.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,456 shares of the company’s stock worth $31,000 after purchasing an additional 4,502 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Vestis by 703.2% during the second quarter. Osaic Holdings Inc. now owns 5,743 shares of the company’s stock worth $33,000 after buying an additional 5,028 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Vestis during the third quarter worth $56,000. Creative Planning purchased a new stake in shares of Vestis during the second quarter valued at $65,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Vestis by 922.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,027 shares of the company’s stock valued at $86,000 after acquiring an additional 13,557 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised Vestis from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Vestis in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vestis from $6.00 to $5.50 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vestis currently has a consensus rating of “Strong Sell” and a consensus price target of $9.13.

Vestis Company Profile

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.