UniFirst Corp (NYSE:UNF) – Analysts at Northcoast Research dropped their Q2 2018 earnings per share (EPS) estimates for shares of UniFirst in a research note issued to investors on Thursday. Northcoast Research analyst J. Healy now anticipates that the textile maker will post earnings of $1.02 per share for the quarter, down from their prior forecast of $1.09. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for UniFirst’s Q3 2018 earnings at $1.29 EPS, Q4 2018 earnings at $1.39 EPS and FY2019 earnings at $5.75 EPS.
UniFirst (NYSE:UNF) last announced its quarterly earnings data on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.19. The firm had revenue of $415.80 million during the quarter, compared to analysts’ expectations of $404.60 million. UniFirst had a net margin of 4.69% and a return on equity of 7.72%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 earnings per share.
Shares of UniFirst (UNF) opened at $171.60 on Friday. The stock has a market cap of $3,480.00, a price-to-earnings ratio of 46.01, a PEG ratio of 3.37 and a beta of 0.74. UniFirst has a 52 week low of $124.85 and a 52 week high of $176.15.
Several large investors have recently modified their holdings of UNF. Riverhead Capital Management LLC boosted its position in shares of UniFirst by 83.2% during the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the textile maker’s stock worth $155,000 after acquiring an additional 499 shares during the last quarter. Sei Investments Co. boosted its position in shares of UniFirst by 26,600.0% during the third quarter. Sei Investments Co. now owns 1,068 shares of the textile maker’s stock worth $162,000 after acquiring an additional 1,064 shares during the last quarter. Shelton Capital Management bought a new position in shares of UniFirst during the second quarter worth $216,000. Amalgamated Bank boosted its position in shares of UniFirst by 2.0% during the second quarter. Amalgamated Bank now owns 2,086 shares of the textile maker’s stock worth $294,000 after acquiring an additional 40 shares during the last quarter. Finally, Eaton Vance Management bought a new position in shares of UniFirst during the second quarter worth $300,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
In related news, VP David Martin Katz sold 1,060 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $168.15, for a total transaction of $178,239.00. Following the completion of the transaction, the vice president now owns 2,667 shares in the company, valued at $448,456.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael A. Croatti sold 1,216 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $168.99, for a total transaction of $205,491.84. Following the transaction, the vice president now owns 3,375 shares of the company’s stock, valued at approximately $570,341.25. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 8th were paid a $0.0375 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.09%. UniFirst’s dividend payout ratio (DPR) is presently 4.02%.
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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