UniFirst (UNF) Scheduled to Post Earnings on Wednesday

UniFirst (NYSE:UNF) will post its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect UniFirst to post earnings of $2.05 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

UniFirst Stock Performance

Shares of NYSE UNF opened at $190.57 on Tuesday. UniFirst has a one year low of $149.58 and a one year high of $200.07. The firm has a market capitalization of $3.56 billion, a P/E ratio of 27.82 and a beta of 0.81. The company’s fifty day moving average is $188.37 and its two-hundred day moving average is $174.74.

Insider Buying and Selling

In other UniFirst news, Director Michael Iandoli sold 682 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $194.30, for a total transaction of $132,512.60. Following the completion of the sale, the director now owns 4,744 shares of the company’s stock, valued at approximately $921,759.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on UNF shares. StockNews.com upgraded shares of UniFirst from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on UniFirst from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, June 27th. UBS Group lifted their price objective on UniFirst from $186.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Finally, Robert W. Baird upped their target price on UniFirst from $185.00 to $199.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. One investment 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.00.

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.