UniFirst Gears Up For Q1 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Benzinga – by Avi Kapoor, Benzinga Staff Writer.

UniFirst Corporation (NYSE: UNF) is projected to release financial results for its Fiscal 2024 first quarter, before the opening bell on Jan. 3, 2024.

Analysts expect the company to post quarterly earnings at $2.18 per share, down from year-ago earnings of $2.21 per share. The company’s revenue might come in at $589.64 million for the latest quarter, according to Benzinga Pro.

UniFirst, during October, announced a new $100 million share repurchase authorization and increased quarterly dividend on class A common stock from 31 cents to 33 cents per share.

UniFirst shares fell 0.6% to close at $181.74 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Andrew Steinerman maintained an Underweight rating and increased the price target from $150 to $160 on Oct. 19, 2023. This analyst has an accuracy rate of 79%.
• Barclays analyst Manav Patnaik initiated coverage on the stock with an Equal-Weight rating and a price target of $160 on Oct. 6, 2023. This analyst has an accuracy rate of 78%.
• UBS analyst Joshua Chan initiated coverage on the stock with a Neutral rating and a price target of $185 on June 1, 2023. This analyst has an accuracy rate of 69%.
• Baird analyst Andrew Wittmann maintained an Outperform rating and cut the price target from $225 to $203 on March 30, 2023. This analyst has an accuracy rate of 78%.

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