UNF - UniFirst's New ERP And M&A Improved Dividend Growth Expectations

2024-04-24 11:41:04 ET

Summary

• UniFirst Corporation is receiving attention from investors due to its implementation of ERP and CRM systems, which is expected to lead to net income growth.
• The company offers a wide range of cleaning services, including the manufacture and distribution of safety clothing.
• UniFirst has reported significant growth in several areas, including operating income and CFO, and analysts have increased their EPS expectations for the company.

UniFirst Corporation ( UNF ) recently received significant attention from investors as a result of recent implementation of new ERP and CRM systems. In my view, analysts increased their quarterly EPS expectations because they expect net income growth coming from new efficiency from automatization of certain processes. A 5 year dividend growth rate of close to 24%-25% and recent stock repurchase of shares could bring demand for the stock very soon. Besides, I think that UniFirst appears significantly undervalued.

UniFirst

UniFirst is a company that offers large-scale masterwork services for businesses, industries, and office buildings. The company's activity extends to different types of cleaning services that include uniforms that were exposed to radiation work among others....

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