UniFirst - UNF Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for UniFirst in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" UNF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UNF, but not buy additional shares or sell existing shares.
View UNF analyst ratings or view top-rated stocks.

2 analysts have issued 1-year price targets for UniFirst's shares. Their UNF share price forecasts range from $195.00 to $195.00. On average, they anticipate the company's share price to reach $195.00 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
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UniFirst's stock was trading at $210.40 at the beginning of 2022. Since then, UNF stock has decreased by 10.2% and is now trading at $188.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 4th 2023.
View our UNF earnings forecast.

UniFirst Co. (NYSE:UNF) announced its quarterly earnings data on Wednesday, October, 19th. The textile maker reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.06. The textile maker earned $516.40 million during the quarter, compared to analysts' expectations of $511.58 million. UniFirst had a trailing twelve-month return on equity of 6.77% and a net margin of 5.17%. UniFirst's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS.

UniFirst declared a quarterly dividend on Tuesday, October 25th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.31 per share on Wednesday, January 4th. This represents a $1.24 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, December 6th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for UNF.

UniFirst (NYSE:UNF) pays an annual dividend of $1.20 per share and currently has a dividend yield of 0.63%. 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 21.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 14.87% 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 Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $7.10-$7.50 for the period, compared to the consensus estimate of $7.72. The company issued revenue guidance of $2.15 billion-$2.16 billion, compared to the consensus revenue estimate of $2.12 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.55%), Vanguard Group Inc. (8.92%), River Road Asset Management LLC (5.15%), London Co. of Virginia (4.92%), Kayne Anderson Rudnick Investment Management LLC (4.32%) and Dimensional Fund Advisors LP (3.32%). Insiders that own company stock include Cynthia Croatti, David A Difillippo, 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 $188.87.

UniFirst (NYSE:UNF) has a market capitalization of $3.53 billion and generates $2.00 billion in revenue each year. The textile maker earns $103.40 million in net income (profit) each year or $5.46 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.