UniFirst (NYSE:UNF) Updates FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 7.300-7.700 for the period, compared to the consensus earnings per share estimate of 7.770. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. UniFirst also updated its FY25 guidance to $7.30-7.70 EPS.

UniFirst Stock Up 0.6 %

Shares of UniFirst stock opened at $175.07 on Wednesday. The firm has a market cap of $3.25 billion, a PE ratio of 22.39 and a beta of 0.89. The company’s fifty day simple moving average is $208.08 and its two-hundred day simple moving average is $198.63. UniFirst has a 12-month low of $149.58 and a 12-month high of $243.70.

UniFirst (NYSE:UNF) last announced its quarterly earnings results on Wednesday, April 2nd. The textile maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.03. UniFirst had a return on equity of 7.40% and a net margin of 6.00%. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $602.81 million. During the same quarter in the previous year, the business earned $1.09 EPS. UniFirst’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that UniFirst will post 7.71 earnings per share for the current fiscal year.

UniFirst Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 7th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, March 7th. UniFirst’s payout ratio is 17.90%.

Analysts Set New Price Targets

Several brokerages have commented on UNF. UBS Group decreased their price objective on shares of UniFirst from $235.00 to $194.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. StockNews.com cut shares of UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 8th.

Insider Activity at UniFirst

In other UniFirst news, VP David Martin Katz sold 1,299 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $210.95, for a total value of $274,024.05. Following the completion of the transaction, the vice president now owns 6,455 shares in the company, valued at approximately $1,361,682.25. This represents a 16.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is currently owned by corporate insiders.

About UniFirst

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.