A share price of Vestis Corp [VSTS] is currently trading at $19.65, up 2.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VSTS shares have gain 5.48% over the last week, with a monthly amount glided 5.42%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Vestis Announces Date for Fiscal Second Quarter 2024 Earnings Results. In a post published today on Yahoo Finance, Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal second quarter 2024 earnings results on May 2, 2024, prior to the market opening.
From an analyst’s perspective:
Vestis Corp [NYSE: VSTS] stock has seen the most recent analyst activity on February 28, 2024, when Barclays downgraded its rating to a Underweight and also boosted its price target to $19 from $17. Previously, Goldman started tracking the stock with Neutral rating on January 25, 2024, and set its price target to $22. On January 11, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $24 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $24 on December 15, 2023. Jefferies initiated its recommendation with a Buy and recommended $20 as its price target on November 21, 2023. Stifel started tracking with a Buy rating for this stock on October 18, 2023, and assigned it a price target of $20. In a note dated October 16, 2023, JP Morgan initiated an Overweight rating and provided a target price of $20 on this stock.
Vestis Corp experienced fluctuations in its stock price throughout the past year between $13.83 and $22.37. Vestis Corp [NYSE: VSTS] shares were valued at $19.65 at the most recent close of the market.
Analyzing the VSTS fundamentals
Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.21 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.31 points at the first support level, and at 18.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.87, and for the 2nd resistance point, it is at 20.10.
Vestis Corp [VSTS] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.22/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.55 per share as compared to estimates of $0.32 per share, a difference of $0.23 representing a surprise of 71.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Vestis Corp [NYSE:VSTS] is 2.61. In addition, the Quick Ratio stands at 1.21 and the Cash Ratio stands at 0.12.
Transactions by insiders
Recent insider trading involved Scott Kim, President and CEO, that happened on Feb 09 ’24 when 15000.0 shares were purchased. Director, Pertz Douglas A completed a deal on Dec 15 ’23 to buy 5120.0 shares. Meanwhile, Director Pertz Douglas A bought 5250.0 shares on Dec 14 ’23.
