Vestis (NYSE:VSTS – Get Free Report) posted its earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09), Briefing.com reports. The company had revenue of $705.37 million during the quarter, compared to analyst estimates of $722.54 million. The company’s revenue for the quarter was up .9% compared to the same quarter last year.
Vestis Trading Down 7.4 %
Shares of NYSE:VSTS traded down $0.75 during trading on Friday, reaching $9.41. 24,764,651 shares of the company traded hands, compared to its average volume of 2,588,736. The company’s 50 day moving average is $18.38 and its two-hundred day moving average is $18.67. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.23 and a current ratio of 2.51. Vestis has a 52 week low of $8.92 and a 52 week high of $22.37.
Vestis Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.49%.
Insider Buying and Selling
Analyst Upgrades and Downgrades
A number of research analysts have commented on VSTS shares. JPMorgan Chase & Co. lowered Vestis from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $11.00 in a report on Friday. The Goldman Sachs Group started coverage on Vestis in a report on Thursday, January 25th. They issued a “neutral” rating and a $22.00 price objective on the stock. Robert W. Baird decreased their price objective on Vestis from $24.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday. Stifel Nicolaus reaffirmed a “hold” rating on shares of Vestis in a report on Friday. Finally, Barclays decreased their price objective on Vestis from $19.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.33.
Read Our Latest Stock Report on VSTS
Vestis Company Profile
Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens.
Read More
- Five stocks we like better than Vestis
- How to Choose Top Rated Stocks
- MarketBeat Week in Review – 4/29 – 5/3
- 3 Tickers Leading a Meme Stock Revival
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Vestis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vestis and related companies with MarketBeat.com's FREE daily email newsletter.