Vestis (VSTS) Projected to Post Quarterly Earnings on Friday

Vestis (NYSE:VSTS) is expected to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect Vestis to post earnings of $0.12 per share and revenue of $688.89 million for the quarter. Vestis has set its FY 2025 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Vestis (NYSE:VSTS) last posted its quarterly earnings data on Thursday, November 21st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $684.28 million during the quarter, compared to analysts’ expectations of $693.54 million. Vestis had a return on equity of 9.07% and a net margin of 0.75%. Vestis’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts expect Vestis to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Vestis Trading Down 2.2 %

NYSE VSTS opened at $15.68 on Thursday. The business’s fifty day moving average is $16.00 and its 200-day moving average is $14.67. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.73 and a quick ratio of 1.36. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 97.97 and a beta of 1.17. Vestis has a one year low of $8.92 and a one year high of $22.37.

Vestis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 13th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.89%. The ex-dividend date was Friday, December 13th. Vestis’s dividend payout ratio is 87.51%.

Analyst Ratings Changes

Several research firms have recently weighed in on VSTS. The Goldman Sachs Group increased their price target on Vestis from $13.60 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Barclays lifted their target price on shares of Vestis from $10.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vestis from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.08.

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.