UniFirst Corp (NYSE: UNF) has reported E.P.S. of $2.26 for its first fiscal quarter (ending November 30) versus $1.82 for the same period a year ago — an increase of 24%. Relative to the consensus estimate of $2.17, this was a premium of $0.09. For the latest four quarters through November 30, E.P.S. were $5.99 versus $5.53 for the same period a year ago — an increase of 8%.
Recent Price Action
UniFirst Corp (NYSE: UNF) stock suffered a large decline of -6.9% on 1/3/24. The stock closed at $167.88. Moreover, exceptionally high trading volume at 242% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -7.8% during the last week.
Current PriceTarget Research Rating
UNF is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
UniFirst has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. UniFirst has a neutral Appreciation Score of 46 and a slightly positive Power Rating of 62, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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