UniFirst (NYSE:UNF) Releases Earnings Results, Misses Estimates By $0.14 EPS

by · The Cerbat Gem

UniFirst (NYSE:UNF – Get Free Report) announced its quarterly earnings results on Wednesday. The textile maker reported $1.90 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.14), FiscalAI reports. UniFirst had a return on equity of 6.44% and a net margin of 4.65%. The company had revenue of $645.01 million for the quarter, compared to analyst estimates of $634.40 million.

UniFirst Trading Up 1.6%

Shares of UNF opened at $266.40 on Wednesday. The company’s 50 day simple moving average is $270.13 and its 200-day simple moving average is $269.67. The firm has a market cap of $4.82 billion, a PE ratio of 42.02 and a beta of 0.60. UniFirst has a 12-month low of $147.66 and a 12-month high of $306.67.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UNF shares. Weiss Ratings restated a “hold (c+)” rating on shares of UniFirst in a research note on Tuesday, October 6th. UBS Group set a $262.00 target price on UniFirst in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, UniFirst has a consensus rating of “Hold” and an average price target of $246.67.

Check Out Our Latest Stock Analysis on UNF

About UniFirst

(Get Free Report)

UniFirst Corporation (NYSE: UNF) provides workplace uniforms, workwear rental, and textile services to businesses and organizations. Its offerings include uniform rental and laundering, work garments, protective apparel, floor mats, restroom supplies, first-aid products, and other workplace service programs.

The company also provides specialized apparel and services for industries with particular cleanliness or safety requirements, including healthcare, manufacturing, food processing, and cleanroom environments.

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