Vestis Corporation (VSTS)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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.
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...
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...
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.
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...
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...
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...
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).
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...
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...
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...
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...
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...
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...
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...
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...
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.
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 -...
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...
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.
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, ...
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...