UniFirst Corp (UNF) Releases Earnings Results, Beats Expectations By $0.04 EPS

UniFirst Corp (UNF) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. UNF said it had a profit of $1.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.23. The company posted revenue of $363.80 million in the period, compared to analysts expectations of $362.62 million. UNF’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

UniFirst Corp opened for trading at $131.38 and hit $132.1925 on the upside on Friday, eventually ending the session at $131.21, with a gain of 0.41% or 0.53 points. The heightened volatility saw the trading volume jump to 56,637 shares. Company has a market cap of $2,658 M.

In a different news, on Jul 20, 2016, David A Difillippo (Senior VP of Operations) sold 467 shares at $114.77 per share price. According to the SEC, on Jul 20, 2016, Steven S Sintros (Senior VP of Finance and CFO) sold 1,083 shares at $114.77 per share price. On Apr 20, 2016, Kathleen M Camilli (director) sold 91 shares at $112.55 per share price, according to the Form-4 filing with the securities and exchange commission.

UniFirst Corporation (UniFirst) 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. The Company operates in five reporting segments: US and Canadian Rental and Cleaning Manufacturing (MFG) Specialty Garments Rental and Cleaning (Specialty Garments) First Aid and Corporate. It also rents industrial wiping products floor mats facility service products other non-garment items and provides restroom and cleaning supplies and first aid cabinet services and other safety supplies to a variety of manufacturers retailers and service companies. It serves businesses of all sizes in numerous industry categories.

UniFirst Corp

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