UniFirst (NYSE:UNF) released its quarterly earnings results on Wednesday. The textile maker reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13), MarketWatch Earnings reports. UniFirst had a net margin of 7.70% and a return on equity of 8.49%. The firm had revenue of $445.52 million for the quarter, compared to the consensus estimate of $378.28 million.
Shares of UNF stock opened at $172.99 on Friday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 22.01 and a beta of 0.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.12 and a current ratio of 4.72. UniFirst has a 52 week low of $121.89 and a 52 week high of $217.90. The firm’s 50-day simple moving average is $173.64 and its two-hundred day simple moving average is $181.33.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, June 5th. UniFirst’s dividend payout ratio is 11.74%.
In other UniFirst news, CEO Steven S. Sintros sold 643 shares of UniFirst stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $190.00, for a total value of $122,170.00. Following the sale, the chief executive officer now owns 15,107 shares of the company’s stock, valued at $2,870,330. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, 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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