Vestis Corporation (VSTS)

NYSE: VSTS · Real-Time Price · USD
13.31
-0.10 (-0.75%)
At close: Nov 20, 2024, 4:00 PM
13.97
+0.66 (4.96%)
After-hours: Nov 20, 2024, 7:59 PM EST
-0.75%
Market Cap 1.75B
Revenue (ttm) 2.84B
Net Income (ttm) 117.24M
Shares Out 131.48M
EPS (ttm) 0.89
PE Ratio 14.93
Forward PE 20.16
Dividend $0.14 (1.05%)
Ex-Dividend Date Sep 13, 2024
Volume 2,812,957
Open 13.38
Previous Close 13.41
Day's Range 13.10 - 13.61
52-Week Range 8.92 - 22.37
Beta n/a
Analysts Buy
Price Target 15.78 (+18.56%)
Earnings Date Nov 21, 2024

About VSTS

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. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, hea... [Read more]

Sector Industrials
Founded 1936
Employees 20,000
Stock Exchange NYSE
Ticker Symbol VSTS
Full Company Profile

Financial Performance

In 2023, Vestis's revenue was $2.83 billion, an increase of 5.15% compared to the previous year's $2.69 billion. Earnings were $213.16 million, an increase of 50.45%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for VSTS stock is "Buy." The 12-month stock price forecast is $15.78, which is an increase of 18.56% from the latest price.

Price Target
$15.78
(18.56% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Vestis Announces Date for Fiscal Fourth Quarter and Full-Year 2024 Earnings Results

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal fourth quarter and full-year 2024 earnings results on...

14 days ago - Business Wire

Vestis to Sell Minority Stake in Japanese Joint Venture

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced an agreement to sell its 39% equity stake in Aramark Uniform Services Japan Corpor...

7 weeks ago - Business Wire

Vestis Confirms Receipt of Preliminary Inquiry

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), today confirmed that it received a preliminary inquiry from Elis SA regarding a potential transaction involving the Company. The Board of Directors takes...

2 months ago - Business Wire

Exclusive: France's Elis has bid for U.S. uniform supplier Vestis, sources say

French workplace supplies provider Elis SA has approached Vestis , the former uniform rentals business of Aramark , with an acquisition offer, according to people familiar with the matter.

2 months ago - Reuters

Vestis Corp.: Tangible Improvements To Organic Growth Need To Be Seen

Hold rating for Vestis Corp. due to lack of tangible organic growth improvements. VSTS is the second-largest in the US Uniform Services industry, with a simple business model and the majority of reven...

3 months ago - Seeking Alpha

Vestis Announces Quarterly Cash Dividend

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS) today announced that its Board of Directors has approved a quarterly cash dividend of $0.035 per share of common stock. The dividend is payable to shareho...

3 months ago - Business Wire

Vestis Corporation (VSTS) Q3 2024 Earnings Call Transcript

Vestis Corporation (NYSE:VSTS) Q3 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Michael Aurelio - IR Kimberly T. Scott – President and CEO Ricky T.

3 months ago - Seeking Alpha

Vestis Reports Third Quarter 2024 Results

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the third quarter ended June 28, 2024. The company als...

3 months ago - Business Wire

Vestis Appoints Bill Goetz to the Board of Directors

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Goetz to the Compa...

3 months ago - Business Wire

Vestis Announces Key Operations and Sales Leadership Appointments

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Bill Seward as Chief Op...

4 months ago - Business Wire

Shareholders of Vestis Corporation Should Contact The Gross Law Firm Before July 16, 2024 to Discuss Your Rights – VSTS

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Vestis Corporation (NYSE: VSTS).

4 months ago - GlobeNewsWire

Vestis Announces Date for Fiscal Third Quarter 2024 Earnings Results

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, has announced that it will report its fiscal third quarter 2024 earnings results on August 7, 2024...

4 months ago - Business Wire

Vestis: A 'Fixer-Upper' in a Good Neighborhood

Vestis Corp. (VSTS, Financial) in an interesting recent spinoff I came across when I was looking for significant insider buying near 52-week low prices. I think the company has potential as it is an e...

5 months ago - GuruFocus

VSTS Lead Plaintiff Deadline Approaching – Stockholders Should Contact Robbins LLP for Information

SAN DIEGO, June 27, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of persons and entities that purchased Vestis Corporation (NYSE: VSTS) comm...

5 months ago - GlobeNewsWire

Vestis Appoints Keith Meister to the Board of Directors

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS) (“Vestis” or the “Company”), a leading provider of uniforms and workplace supplies, today announced the appointment of Keith Meister to the Co...

5 months ago - Business Wire

Investors in Vestis Corporation Should Contact The Gross Law Firm Before July 16, 2024 to Discuss Your Rights - VSTS

NEW YORK , June 20, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Vestis Corporation (NYSE: VSTS). Shareholders who purchased shares of VSTS during the class p...

5 months ago - PRNewsWire

The Schall Law Firm Is Advising Investors Who Have Suffered Losses In Vestis Corporation To Reach Out To Them. Please Take Note Of The Deadline In This Case

LOS ANGELES, CA / ACCESSWIRE / June 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vestis Corporation ("Vestis" or "t...

5 months ago - Accesswire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Vestis Corporation (VSTS) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Vestis Corporatio...

6 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Vestis Corporation (VSTS) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Vestis Corporation (“Vestis” or the “Company”) (NYSE: VSTS) on behalf of investors concerning the Company's...

6 months ago - Business Wire

Activist Corvex could take an amicable approach to help create value at Vestis. How it may unfold

Corvex reveals a stake in uniform supplier Vestis. The firm is suggesting that it's here for the long term.

6 months ago - CNBC

Vestis Corporation (VSTS) Q2 2024 Earnings Call Transcript

Vestis Corporation (NYSE:VSTS) Q2 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Bryan Johnson - Chief Accounting Officer Kimberly Scott - President and CEO Ricky Dillon -...

7 months ago - Seeking Alpha

Vestis Reports Second Quarter 2024 Results and Updates Full-Year Outlook

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the second quarter ended March 29, 2024 and updated it...

7 months ago - Business Wire

PartnerCentric Soars With 200% YoY Client Growth, Secures impact.com Diamond Partner Status

NEW YORK--(BUSINESS WIRE)--PartnerCentric, the largest US independent partnership marketing agency, announces a year of achievements, culminating in +200% YoY new clients.

8 months ago - Business Wire

Vestis Announces Date for Fiscal Second Quarter 2024 Earnings Results

ATLANTA--(BUSINESS WIRE)--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, ...

8 months ago - Business Wire

Vestis Announces Completion of Refinancing Transaction

ATLANTA--(BUSINESS WIRE)--Vestis (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced the successful refinancing of its $800 million 2-year Term Loan A-1 with an $800 m...

9 months ago - Business Wire