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 guidance of 6.790-7.190 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UNF shares. UBS Group raised their target price on shares of UniFirst from $190.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird raised their price objective on UniFirst from $199.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com lowered UniFirst from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $197.50.

UniFirst Stock Up 5.1 %

Shares of UniFirst stock opened at $215.15 on Friday. The stock has a market cap of $4.00 billion, a PE 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 business has a fifty day simple moving average of $190.78 and a 200-day simple moving average of $186.71.

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

UniFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $0.35 dividend. The ex-dividend date was Friday, December 6th. This is an increase from UniFirst’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.65%. UniFirst’s dividend payout ratio is 17.90%.

Insider Activity at UniFirst

In other UniFirst news, major shareholder The Ronald D. Croatti Trust – 1 sold 9,500 shares of UniFirst stock in a transaction that occurred on 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 directly owns 17,390 shares in the company, valued at $3,320,968.30. The trade was a 35.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven S. Sintros sold 3,207 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $193.04, for a total value of $619,079.28. Following the completion of the transaction, the chief executive officer now directly owns 22,571 shares in the company, valued at $4,357,105.84. The trade was a 12.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,294 shares of company stock valued at $2,546,632. 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.