UniFirst (NYSE:UNF) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

UniFirst (NYSE:UNF) announced its earnings results on Wednesday. The textile maker reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.14), FiscalAI reports. UniFirst had a net margin of 4.65% and a return on equity of 6.44%. The firm had revenue of $645.01 million for the quarter, compared to analysts’ expectations of $634.40 million. During the same quarter last year, the business earned $2.23 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year.

UniFirst Stock Up 1.6%

UNF stock opened at $266.40 on Wednesday. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 42.02 and a beta of 0.60. The business has a 50 day moving average price of $270.13 and a 200 day moving average price of $269.67. UniFirst has a fifty-two week low of $147.66 and a fifty-two week high of $306.67.

Wall Street Analyst Weigh In

UNF has been the subject of a number of recent research reports. UBS Group set a $262.00 target price on UniFirst in a report on Monday, July 6th. Weiss Ratings restated a “hold (c+)” rating on shares of UniFirst in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $246.67.

UniFirst Company Profile

UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.

The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.