UniFirst (NYSE:UNF – Get Free Report) released its quarterly earnings data on Wednesday. The textile maker reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.84), FiscalAI reports. The business had revenue of $634.40 million for the quarter, compared to the consensus estimate of $627.66 million. UniFirst had a net margin of 5.49% and a return on equity of 6.49%.
UniFirst Trading Up 0.3%
NYSE UNF opened at $264.83 on Wednesday. The firm’s fifty day simple moving average is $262.45 and its two-hundred day simple moving average is $239.51. UniFirst has a 12-month low of $147.66 and a 12-month high of $283.77. The firm has a market capitalization of $4.79 billion, a P/E ratio of 35.89 and a beta of 0.63.
UniFirst Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, June 5th. UniFirst’s dividend payout ratio (DPR) is 19.78%.
Wall Street Analyst Weigh In
Get Our Latest Analysis on UNF
Institutional Trading of UniFirst
A number of institutional investors have recently made changes to their positions in UNF. Royal Bank of Canada raised its stake in UniFirst by 7.8% in the first quarter. Royal Bank of Canada now owns 27,152 shares of the textile maker’s stock valued at $4,724,000 after buying an additional 1,974 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of UniFirst by 13.4% during the first quarter. AQR Capital Management LLC now owns 5,069 shares of the textile maker’s stock valued at $882,000 after acquiring an additional 599 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of UniFirst by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the textile maker’s stock valued at $1,560,000 after purchasing an additional 397 shares during the last quarter. Millennium Management LLC boosted its stake in UniFirst by 37.3% in the 1st quarter. Millennium Management LLC now owns 105,331 shares of the textile maker’s stock worth $18,328,000 after purchasing an additional 28,589 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in UniFirst by 3.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 34,914 shares of the textile maker’s stock worth $6,075,000 after purchasing an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.
About UniFirst
UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.
In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).
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