UniFirst Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
UniFirst Corporation (NYSE:UNF) is expected to report Q1 Fiscal 2024 earnings of $2.18 per share, slightly down from $2.21 the previous year, with projected revenue of $589.64 million. The company recently announced a new $100 million share repurchase program and increased its quarterly dividend. Shares dropped 0.6% to $181.74. Analysts have provided mixed ratings and price targets, with JP Morgan rating it Underweight with a target of $160, Barclays at Equal-Weight with a target of $160, UBS at Neutral with a target of $185, and Baird maintaining an Outperform rating with a target of $203.
January 03, 2024 | 6:38 am
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NEUTRAL IMPACT
UniFirst is anticipated to report a marginal decrease in Q1 earnings per share compared to last year, with a new share repurchase plan and a dividend increase. Analyst ratings vary, potentially influencing investor sentiment.
The expected slight decrease in earnings per share may be seen as a negative signal, but the share repurchase program and dividend increase could offset this sentiment. The mixed analyst ratings and recent share price drop suggest uncertainty, leading to a neutral short-term impact score. The relevance is high as the news is directly about UniFirst, and the importance is significant due to the potential influence on investor decisions. The confidence level is not at the maximum due to the mixed signals from different analysts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100