Vestis (NYSE:VSTS) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Vestis (NYSE:VSTS) announced its quarterly earnings data on Friday. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02, Zacks reports. Vestis had a return on equity of 9.07% and a net margin of 0.75%. During the same period last year, the business earned $0.22 earnings per share. Vestis updated its FY 2025 guidance to EPS.

Vestis Stock Performance

VSTS stock opened at $13.89 on Friday. Vestis has a 1-year low of $8.92 and a 1-year high of $22.37. The company has a current ratio of 1.73, a quick ratio of 1.36 and a debt-to-equity ratio of 1.40. The firm has a market cap of $1.83 billion, a PE ratio of 86.83 and a beta of 1.17. The business’s 50-day moving average price is $16.01 and its two-hundred day moving average price is $14.70.

Vestis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Friday, February 21st will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.01%. Vestis’s dividend payout ratio is currently 87.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group upped their target price on shares of Vestis from $13.60 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price target on Vestis from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.08.

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.