UniFirst (UNF) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for UniFirst in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UNF shares.
View UNF analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month price targets for UniFirst's shares. Their UNF share price forecasts range from $185.00 to $203.00. On average, they anticipate the company's share price to reach $194.00 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for UNF or view top-rated stocks among Wall Street analysts.

UniFirst's stock was trading at $192.99 on January 1st, 2023. Since then, UNF stock has decreased by 6.6% and is now trading at $180.32.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 28th 2023.
View our UNF earnings forecast.

UniFirst will be holding an earnings conference call on Wednesday, June 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

UniFirst Co. (NYSE:UNF) announced its earnings results on Wednesday, March, 29th. The textile maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.35 by $0.40. The textile maker earned $542.70 million during the quarter, compared to analyst estimates of $531.68 million. UniFirst had a trailing twelve-month return on equity of 6.56% and a net margin of 4.88%. UniFirst's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share.

UniFirst declared a quarterly dividend on Tuesday, April 4th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.31 per share on Thursday, June 29th. This represents a $1.24 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, June 7th.
Read our dividend analysis for UNF.

ETFs with the largest weight of UniFirst (NYSE:UNF) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Low Volatility ETF (XSLV), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), iShares S&P Small-Cap 600 Growth ETF (IJT) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

UniFirst (NYSE:UNF) pays an annual dividend of $1.24 per share and currently has a dividend yield of 0.70%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 15.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UNF.

UniFirst updated its FY 2023 earnings guidance on Wednesday, March, 29th. The company provided EPS guidance of $5.02-$5.37 for the period, compared to the consensus earnings per share estimate of $7.55. The company issued revenue guidance of $2.21 billion-$2.22 billion, compared to the consensus revenue estimate of $2.16 billion.

193 employees have rated UniFirst Chief Executive Officer Steven S. Sintros on Glassdoor.com. Steven S. Sintros has an approval rating of 95% among the company's employees. This puts Steven S. Sintros in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other UniFirst investors own include Tesla (TSLA), Walt Disney (DIS), Abbott Laboratories (ABT), Netflix (NFLX), Teladoc Health (TDOC), Carnival Co. & (CCL), Lululemon Athletica (LULU), AbbVie (ABBV), Alibaba Group (BABA) and Booking (BKNG).

UniFirst trades on the New York Stock Exchange (NYSE) under the ticker symbol "UNF."

UniFirst's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.63%), London Co. of Virginia (5.19%), River Road Asset Management LLC (4.26%), Kayne Anderson Rudnick Investment Management LLC (4.01%), Dimensional Fund Advisors LP (3.31%) and State Street Corp (2.94%). Insiders that own company stock include Cynthia Croatti, David Martin Katz, Kathleen M Camilli, Kathleen M Camilli, Matthew Croatti, Michael A Croatti, Michael Iandoli, Phillip L Cohen, Shane O'connor, Steven S Sintros and William Masters Ross.
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Shares of UNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UNF stock can currently be purchased for approximately $180.32.

UniFirst (NYSE:UNF) has a market capitalization of $3.37 billion and generates $2.11 billion in revenue each year. The textile maker earns $103.40 million in net income (profit) each year or $5.48 on an earnings per share basis.

The company employs 14,000 workers across the globe.

UniFirst's mailing address is 68 JONSPIN RD, WILMINGTON MA, 01887. The official website for the company is www.unifirst.com. The textile maker can be reached via phone at (978) 658-8888, via email at ssintros@unifirst.com, or via fax at 978-988-0659.