Posted by admin on Jun 10th, 2022
Wall Street brokerages predict that Unifi, Inc. (NYSE:UFI – Get Rating) will report $0.17 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Unifi’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.16. Unifi reported earnings per share of $0.37 during the same quarter last year, which suggests a negative year-over-year growth rate of 54.1%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Unifi will report full year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.81. For the next year, analysts anticipate that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.21 to $1.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that follow Unifi.
Unifi (NYSE:UFI – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The textile maker reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Unifi had a return on equity of 5.28% and a net margin of 3.21%. The company had revenue of $200.78 million for the quarter, compared to analysts’ expectations of $196.40 million.
A number of brokerages recently commented on UFI. Zacks Investment Research downgraded Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. StockNews.com assumed coverage on Unifi in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.
In other news, CEO Edmund M. Ingle acquired 5,300 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The shares were purchased at an average price of $13.65 per share, for a total transaction of $72,345.00. Following the acquisition, the chief executive officer now owns 99,031 shares of the company’s stock, valued at $1,351,773.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Creaturo bought 7,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were bought at an average cost of $14.05 per share, with a total value of $98,350.00. Following the completion of the purchase, the chief financial officer now directly owns 47,508 shares in the company, valued at $667,487.40. The disclosure for this purchase can be found here. 27.36% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFI. Cubist Systematic Strategies LLC boosted its position in shares of Unifi by 70.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 15,792 shares of the textile maker’s stock worth $346,000 after acquiring an additional 6,523 shares in the last quarter. Alpha Paradigm Partners LLC lifted its holdings in shares of Unifi by 41.5% in the 4th quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker’s stock valued at $237,000 after purchasing an additional 3,006 shares during the last quarter. Boston Partners lifted its holdings in shares of Unifi by 17.6% in the 4th quarter. Boston Partners now owns 12,066 shares of the textile maker’s stock valued at $279,000 after purchasing an additional 1,803 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Unifi by 119.6% in the 4th quarter. Rice Hall James & Associates LLC now owns 131,456 shares of the textile maker’s stock valued at $3,043,000 after purchasing an additional 71,598 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Unifi by 120.7% in the 3rd quarter. Citigroup Inc. now owns 17,346 shares of the textile maker’s stock valued at $380,000 after purchasing an additional 9,488 shares during the last quarter. 74.37% of the stock is owned by hedge funds and other institutional investors.
Unifi stock traded down $0.38 during trading on Friday, reaching $14.98. 203 shares of the company were exchanged, compared to its average volume of 53,556. Unifi has a 52-week low of $13.14 and a 52-week high of $25.92. The company has a market capitalization of $276.83 million, a P/E ratio of 11.35 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.14 and a quick ratio of 1.71. The stock’s 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $18.86.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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