FY2018 EPS Estimates for UniFirst Corp Raised by Northcoast Research (UNF)

UniFirst Corp (NYSE:UNF) – Equities research analysts at Northcoast Research upped their FY2018 earnings estimates for UniFirst in a report issued on Thursday. Northcoast Research analyst J. Healy now expects that the textile maker will post earnings per share of $5.36 for the year, up from their previous estimate of $5.19. Northcoast Research currently has a “Neutral” rating on the stock.

A number of other equities research analysts also recently commented on UNF. Zacks Investment Research upgraded UniFirst from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Tuesday, September 12th. Robert W. Baird increased their price objective on UniFirst from $163.00 to $171.00 and gave the company an “outperform” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. UniFirst presently has an average rating of “Hold” and a consensus price target of $180.00.

Shares of UniFirst (NYSE UNF) traded up $0.10 during trading hours on Monday, hitting $171.70. The stock had a trading volume of 77,000 shares, compared to its average volume of 107,240. UniFirst has a one year low of $124.85 and a one year high of $176.15. The firm has a market cap of $3,440.00, a P/E ratio of 45.91, a PEG ratio of 3.17 and a beta of 0.74.

UniFirst (NYSE:UNF) last released its earnings results on Wednesday, January 3rd. The textile maker reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.19. UniFirst had a return on equity of 7.72% and a net margin of 4.69%. The firm had revenue of $415.80 million during the quarter, compared to the consensus estimate of $404.60 million. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of UNF. Atlantic Trust Group LLC acquired a new stake in shares of UniFirst in the third quarter valued at about $3,068,000. GSA Capital Partners LLP acquired a new stake in shares of UniFirst in the third quarter valued at about $334,000. Martin & Co. Inc. TN grew its position in shares of UniFirst by 56.9% in the third quarter. Martin & Co. Inc. TN now owns 14,900 shares of the textile maker’s stock valued at $2,257,000 after purchasing an additional 5,401 shares during the last quarter. California Public Employees Retirement System grew its position in shares of UniFirst by 10.1% in the third quarter. California Public Employees Retirement System now owns 21,148 shares of the textile maker’s stock valued at $3,204,000 after purchasing an additional 1,948 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of UniFirst in the third quarter valued at about $362,000. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Michael A. Croatti sold 1,216 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the transaction, the vice president now directly owns 3,375 shares of the company’s stock, valued at $570,341.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Martin Katz sold 1,060 shares of the company’s stock in a transaction on Monday, December 18th. The stock was 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 directly owns 2,667 shares in the company, valued at $448,456.05. The disclosure for this sale can be found here. Insiders sold 2,401 shares of company stock worth $405,193 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.0375 dividend. 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 4.01%.

TRADEMARK VIOLATION WARNING: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2018/01/09/fy2018-eps-estimates-for-unifirst-corp-raised-by-northcoast-research-unf.html.

About UniFirst

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.

Earnings History and Estimates for UniFirst (NYSE:UNF)

Receive News & Ratings for UniFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UniFirst and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit