UniFirst Corporation [NYSE:UNF] will report earnings after markets close on Wednesday, January 6th.
UNF Earnings Forecast For The Current Quarter
UniFirst Corporation [UNF] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $438.46M and an earnings per share of $1.69 for Nov 2020. Looking further ahead, the company is expected to report revenue of $450.03M at an EPS of $1.71 for Feb 2021. The estimates represent 2.30% and 3.91% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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UNF Earnings Estimates For The Current Year
For the financial year, UniFirst Corporation [NYSE:UNF] is expected to bring in revenue of $1.79B. The returns are nearly $-10.0 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 7.03, lower than that of FY20 by -$0.1. Estimates put this year’s earnings growth at -1.40%, 4.00% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for a decrease of -0.70% in the current fiscal year and a further 2.30% over the following year.
UNF Price Performance
On Wall Street, UniFirst Corporation [NYSE:UNF] finished Monday’s session down -0.80% at $210.00. The stock went up to $213.43 at the same session while its lowest single day price was $207.165. In the last five days, it saw a rise of about 0.97%, UniFirst Corporation shares dropped by almost -0.80% since the beginning of the year. However, the share price has dropped to as low as -3.63% below its one year high. On 01/04/21, the company shares recorded $213.43, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $207.16. The company’s shares have inclined by 3.24% in the past year. The 50-day SMA achieved is $190.25 while the 200-day SMA is $180.28. Volume dropped to 79861.0 from 86400.0 in the previous session.
UniFirst Corporation [UNF] Valuation Measures
Notably, UniFirst Corporation [UNF] stock cannot be classified as a good candidate in the listing of underestimated low-priced Specialty Business Services companies to purchase soonest possible with the prevailing 12-month PE ratio of 29.48. The measure means the stock is exchanging at a premium as compared to the 20.45x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 2.18 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.03 which means UNF serve an unattractive investment opportunity compared to its competitors.
UNF Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 206.97 level, and in case of violation of this particular level, it will cause more drop to 203.93 level. On the upper level, 216.46 is still the key resistance. The stock may increase to the subsequent resistance at 213.23. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.74, implying a neutral technical stance while the MACD stands at 2.23, meaning price will increase in the next trading period. Percent R indicator moved to 23.75%, implying bullish price movement. Stochastic %K at 87.83% suggest selling the stock.
Is UniFirst Corporation [NYSE:UNF] a Good Buy Right Now?
It should be noted that UNF technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 88% Buy in the last week and compares with 40% Buy in the past month. Data from UniFirst Corporation’s Trend Spotter indicated that the signals were Weakening. The stock current average is 99195.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 96898.0 shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 79938.0 shares.
What is the short interest in UniFirst Corporation?
Short interest in the UniFirst Corporation stock has surged, increasing by 0.12 million shares to total 0.12 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.24 million, data from Yahoo Finance shows. The decrease of -97.42% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.94% of the overall float for the stock.
UniFirst Corporation’s Biggest Shareholders: Who Owns UniFirst Corporation [UNF]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 2,039,063 shares or roughly 13.37% of the outstanding UNF shares. This means their shares have reduced by -46,291 from the 2,039,063 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $270,758,424. Details in the latest 13F filings reveal that River Road Asset Management LLC disposed off their -4.55% stake valued at $153,321,908 while Dimensional Fund Advisors LP cut theirs at $107,977,500. During the last quarter, River Road Asset Management LLC liquidated -39,576 of its shares in UniFirst Corporation while Dimensional Fund Advisors LP sold -21,931 shares. The Henderson Global Investors Ltd.’s holdings currently number 528,228 shares at $110927880.0. According to the firm’s last 13F report, T. Rowe Price Associates, Inc. shares in the company at filing stood at 461,959 shares, roughly $85,406,980.
What are analyst thoughts on UniFirst Corporation?
Looking forward to the UniFirst Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for UniFirst Corporation stock at $197.00 within the next 12 months, which represents almost -6.6 per cent growth from its previous closing price of $210.00. The highest analysts’ target for UniFirst Corporation stock projections is $209.00 and the lowest one is $185.00. Still, 4 analysts sharing their consensus rating for UNF stock in 2021 agree that it is a Hold.