Vestis (NYSE:VSTS) Announces Quarterly Earnings Results

Vestis (NYSE:VSTS) announced its quarterly earnings results on Friday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02, Zacks reports. Vestis had a return on equity of 9.07% and a net margin of 0.75%. During the same period last year, the business posted $0.22 EPS. Vestis updated its FY 2025 guidance to EPS.

Vestis Stock Down 14.2 %

Shares of NYSE:VSTS traded down $2.24 during mid-day trading on Friday, reaching $13.60. 3,156,652 shares of the stock were exchanged, compared to its average volume of 1,177,317. The company has a market cap of $1.79 billion, a P/E ratio of 85.17 and a beta of 1.17. The stock’s 50 day simple moving average is $16.05 and its 200-day simple moving average is $14.68. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 1.40. Vestis has a one year low of $8.92 and a one year high of $22.37.

Vestis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, February 21st will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.03%. Vestis’s dividend payout ratio is 87.51%.

Analysts Set New Price Targets

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