Unifirst (UNF) to Release Earnings on Wednesday

Unifirst (NYSE:UNF - Get Free Report) is expected to release its Q3 2025 earnings data before the market opens on Wednesday, July 2nd. Analysts expect Unifirst to post earnings of $2.14 per share and revenue of $614.50 million for the quarter. Unifirst has set its FY25 guidance at $7.30-7.70 EPS and its FY 2025 guidance at 7.300-7.700 EPS.

Unifirst (NYSE:UNF - Get Free Report) last released its earnings results on Wednesday, April 2nd. The textile maker reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). Unifirst had a return on equity of 7.46% and a net margin of 6.13%. The company had revenue of $602.20 million for the quarter, compared to analysts' expectations of $602.81 million. During the same period in the prior year, the firm earned $1.09 EPS. The firm's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts expect Unifirst to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Unifirst Trading Up 1.2%

Shares of NYSE UNF opened at $188.06 on Wednesday. Unifirst has a 12-month low of $153.17 and a 12-month high of $243.70. The stock has a market cap of $3.49 billion, a PE ratio of 23.39 and a beta of 0.87. The company has a 50-day moving average of $183.35 and a 200 day moving average of $193.28.

Unifirst declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Unifirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.40 annualized dividend and a yield of 0.74%. Unifirst's payout ratio is 17.41%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UNF. Barclays reaffirmed an "underweight" rating and set a $152.00 target price (down from $180.00) on shares of Unifirst in a research note on Friday, April 4th. Robert W. Baird decreased their price target on shares of Unifirst from $218.00 to $197.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group increased their price target on shares of Unifirst from $194.00 to $196.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $180.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Unifirst by 37.3% during the first 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. Jane Street Group LLC increased its stake in Unifirst by 729.0% during the first quarter. Jane Street Group LLC now owns 40,224 shares of the textile maker's stock valued at $6,999,000 after purchasing an additional 35,372 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Unifirst by 3.9% during the first 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 acquiring an additional 1,326 shares during the last quarter. Royal Bank of Canada grew its position in shares of Unifirst by 7.8% during the first quarter. Royal Bank of Canada now owns 27,152 shares of the textile maker's stock worth $4,724,000 after acquiring an additional 1,974 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Unifirst by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the textile maker's stock worth $1,560,000 after acquiring an additional 397 shares during the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

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.

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