Vestis (VSTS) Set to Announce Earnings on Thursday

Vestis (NYSE:VSTS) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Vestis to post earnings of $0.22 per share for the quarter. Vestis has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Vestis (NYSE:VSTS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $717.90 million during the quarter, compared to analyst estimates of $724.72 million. The firm’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Trading Down 2.2 %

Shares of VSTS stock opened at $18.43 on Wednesday. The business has a 50-day simple moving average of $18.80 and a 200-day simple moving average of $18.78. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.61 and a quick ratio of 2.23. Vestis has a 52-week low of $13.83 and a 52-week high of $22.37.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were issued a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 0.76%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VSTS shares. The Goldman Sachs Group started coverage on Vestis in a report on Thursday, January 25th. They issued a “neutral” rating and a $22.00 price objective for the company. Barclays cut Vestis from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $17.00 to $19.00 in a report on Wednesday, February 28th. Finally, Wolfe Research started coverage on Vestis in a report on Thursday, January 11th. They issued an “outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.56.

Insiders Place Their Bets

In other news, CEO Kim Scott acquired 15,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $19.14 per share, for a total transaction of $287,100.00. Following the purchase, the chief executive officer now owns 183,131 shares in the company, valued at $3,505,127.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vestis Company Profile

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.