UniFirst - UNF Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for UniFirst in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" UNF shares.
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1 brokers have issued 1 year price targets for UniFirst's shares. Their UNF share price forecasts range from $225.00 to $225.00. On average, they expect the company's share price to reach $225.00 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
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UniFirst's stock was trading at $192.99 on January 1st, 2023. Since then, UNF stock has increased by 2.6% and is now trading at $197.95.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 29th 2023.
View our UNF earnings forecast.

UniFirst Co. (NYSE:UNF) issued its quarterly earnings data on Wednesday, January, 4th. The textile maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.26. The textile maker had revenue of $541.80 million for the quarter, compared to analyst estimates of $524.76 million. UniFirst had a net margin of 5.04% and a trailing twelve-month return on equity of 6.91%.

UniFirst announced a quarterly dividend on Tuesday, January 10th. Shareholders of record on Thursday, March 9th will be paid a dividend of $0.31 per share on Thursday, March 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, March 8th.
Read our dividend analysis for UNF.

UniFirst (NYSE:UNF) pays an annual dividend of $1.24 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 22.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, UNF will have a dividend payout ratio of 14.99% 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, January, 4th. The company provided EPS guidance of $7.10-$7.50 for the period, compared to the consensus EPS estimate of $7.21. The company issued revenue guidance of $2.15 billion-$2.16 billion, compared to the consensus revenue estimate of $2.15 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 many different retail and institutional investors. Top institutional investors include Copeland Capital Management LLC (1.43%), M&G Investment Management Ltd. (1.16%), Boston Trust Walden Corp (0.97%), Natixis Advisors L.P. (0.60%), New York State Teachers Retirement System (0.14%) and Comerica Bank (0.13%). 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 $197.95.

UniFirst (NYSE:UNF) has a market capitalization of $3.70 billion and generates $2.00 billion in revenue each year. The textile maker earns $103.40 million in net income (profit) each year or $5.50 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.