UniFirst (NYSE:UNF) Updates FY 2025 Earnings Guidance

UniFirst (NYSE:UNF) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.790-7.190 for the period, compared to the consensus estimate of 7.650. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

UniFirst Stock Up 5.1 %

Shares of NYSE UNF opened at $215.15 on Friday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 27.69 and a beta of 0.87. UniFirst has a 12-month low of $149.58 and a 12-month high of $243.70. The firm’s 50-day simple moving average is $190.78 and its 200 day simple moving average is $186.71.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, January 8th. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.09. The company had revenue of $604.91 million for the quarter, compared to analyst estimates of $606.60 million. UniFirst had a net margin of 5.99% and a return on equity of 7.47%. UniFirst’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.26 earnings per share. On average, equities analysts expect that UniFirst will post 7.68 earnings per share for the current year.

UniFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.65%. This is a positive change from UniFirst’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, December 6th. UniFirst’s dividend payout ratio (DPR) is presently 17.90%.

Analyst Upgrades and Downgrades

UNF has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of UniFirst from $190.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com lowered UniFirst from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird boosted their target price on UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $197.50.

Insider Activity at UniFirst

In other UniFirst news, CEO Steven S. Sintros sold 3,207 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $193.04, for a total transaction of $619,079.28. Following the completion of the transaction, the chief executive officer now owns 22,571 shares in the company, valued at approximately $4,357,105.84. This represents a 12.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $190.97, for a total value of $1,814,215.00. Following the completion of the sale, the insider now owns 17,390 shares in the company, valued at approximately $3,320,968.30. This trade represents a 35.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,294 shares of company stock worth $2,546,632 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.