Unifirst Corporation (UNF) Updates FY18 Earnings Guidance

Unifirst Corporation (NYSE:UNF) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.00-5.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.52. The company issued revenue guidance of $1.625-1.645 billion, compared to the consensus revenue estimate of $1.63 billion.

Shares of Unifirst Corporation (NYSE UNF) opened at 155.25 on Wednesday. The firm has a market cap of $3.15 billion, a P/E ratio of 28.61 and a beta of 0.70. The firm has a 50 day moving average price of $147.79 and a 200-day moving average price of $141.55. Unifirst Corporation has a one year low of $116.67 and a one year high of $158.05.

UNF has been the subject of several research reports. BidaskClub lowered shares of Unifirst Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Robert W. Baird upgraded shares of Unifirst Corporation from a neutral rating to an outperform rating and upped their target price for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th. Finally, Zacks Investment Research upgraded shares of Unifirst Corporation from a hold rating to a buy rating and set a $159.00 target price for the company in a research report on Tuesday, September 12th.

TRADEMARK VIOLATION WARNING: “Unifirst Corporation (UNF) Updates FY18 Earnings Guidance” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/unifirst-corporation-unf-updates-fy18-earnings-guidance.html.

About Unifirst Corporation

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

NYSE UNF) opened at 155.25 on Wednesday. The firm has a market cap of $3.15 billion, a P/E ratio of 28.61 and a beta of 0.70. The firm has a 50 day moving average price of $147.79 and a 200-day moving average price of $141.55. Unifirst Corporation has a one year low of $116.67 and a one year high of $158.05.

UNF has been the subject of several research reports. BidaskClub lowered shares of Unifirst Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Robert W. Baird upgraded shares of Unifirst Corporation from a neutral rating to an outperform rating and upped their target price for the stock from $145.00 to $163.00 in a research report on Thursday, June 29th. Finally, Zacks Investment Research upgraded shares of Unifirst Corporation from a hold rating to a buy rating and set a $159.00 target price for the company in a research report on Tuesday, September 12th.

TRADEMARK VIOLATION WARNING: “Unifirst Corporation (UNF) Updates FY18 Earnings Guidance” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/unifirst-corporation-unf-updates-fy18-earnings-guidance.html.

About Unifirst Corporation

UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.

Earnings History and Estimates for Unifirst Corporation (NYSE:UNF)

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