Vestis Co. to Post Q1 2025 Earnings of $0.18 Per Share, William Blair Forecasts (NYSE:VSTS)

Vestis Co. (NYSE:VSTS) – Analysts at William Blair decreased their Q1 2025 earnings per share estimates for Vestis in a research report issued on Thursday, September 5th. William Blair analyst T. Mulrooney now expects that the company will earn $0.18 per share for the quarter, down from their prior forecast of $0.22. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Vestis’ current full-year earnings is $0.64 per share. William Blair also issued estimates for Vestis’ Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.20 EPS and FY2026 earnings at $0.95 EPS.

A number of other equities research analysts have also issued reports on VSTS. Robert W. Baird lowered shares of Vestis from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Thursday, August 8th. The Goldman Sachs Group increased their price objective on Vestis from $12.50 to $13.80 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Finally, Baird R W lowered Vestis from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Vestis presently has a consensus rating of “Hold” and a consensus target price of $16.69.

Vestis Trading Up 3.4 %

Shares of VSTS opened at $14.92 on Monday. The company’s 50-day simple moving average is $12.91 and its 200-day simple moving average is $14.62. The company has a debt-to-equity ratio of 1.67, a current ratio of 2.37 and a quick ratio of 2.02. Vestis has a 1 year low of $8.92 and a 1 year high of $22.37.

Vestis (NYSE:VSTS) last posted its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. The firm had revenue of $698.20 million for the quarter, compared to analyst estimates of $688.33 million. Vestis had a return on equity of 18.00% and a net margin of 4.13%. The business’s revenue was down 1.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in shares of Vestis by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,100 shares of the company’s stock worth $808,000 after acquiring an additional 1,000 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Vestis by 9.6% in the second quarter. Crossmark Global Holdings Inc. now owns 21,747 shares of the company’s stock valued at $266,000 after purchasing an additional 1,900 shares during the last quarter. Wahed Invest LLC acquired a new stake in Vestis during the fourth quarter worth approximately $42,000. TFO Wealth Partners LLC acquired a new stake in Vestis during the fourth quarter worth approximately $42,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of Vestis by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 115,037 shares of the company’s stock worth $2,217,000 after buying an additional 2,124 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Vestis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, September 13th.

About Vestis

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.