UniFirst (NYSE:UNF) Stock

UniFirst

UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.

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News

General

Unifirst Announces New $100M Share Repurchase Authorization

In the latest quarter, 5 analysts provided ratings for UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $194.8, a high estimate of $235.00, and a low estimate of $152.00. This current average has decreased by 4.23% from the previous average price target of $203.40. 
<img src="https://www.benzinga.com/files/images/story/2025/1743771631_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of UniFirst's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Manav Patnaik</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$152.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Joshua Chan</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$196.00</td>
<td>$194.00</td>
</tr>
<tr>
<td>Andrew Wittmann</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$197.00</td>
<td>$218.00</td>
</tr>
<tr>
<td>Joshua Chan</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$194.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Joshua Chan</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$190.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to UniFirst. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of UniFirst compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of UniFirst's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UNF/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on UniFirst analyst ratings.</a>
<h2>All You Need to Know About UniFirst</h2>
UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.
<h3>Financial Insights: UniFirst</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: UniFirst's revenue growth over a period of 3 months has faced challenges. As of 28 February, 2025, the company experienced a revenue decline of approximately -0.44%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.06%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): UniFirst's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 1.14%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): UniFirst's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.9% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: UniFirst's debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Expert Outlook: UniFirst Through The Eyes Of 5 Analysts

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays analyst Manav Patnaik downgraded the rating for UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) from Equal-Weight to Underweight and lowered the price target from $180 to $152. UniFirst shares closed at $172.17 on Thursday. <a href="https://www.benzinga.com/quote/UNF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Janney Montgomery Scott analyst Michael Gaugler downgraded Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) from Buy to Neutral. Middlesex Water shares closed at $66.57 on Thursday. <a href="https://www.benzinga.com/quote/MSEX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Michael Sarcone downgraded the rating for EDAP TMS S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDAP#NASDAQ">EDAP</a>) from Buy to Hold and cut the price target from $8 to $2. Edap shares closed at $1.91 on Thursday. <a href="https://www.benzinga.com/quote/EDAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from Overweight to Neutral and lowered the price target from $40 to $31. Dow shares closed at $31.46 on Thursday. <a href="https://www.benzinga.com/quote/DOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Manav Patnaik downgraded the rating for Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) from Overweight to Equal-Weight and lowered the price target from $325 to $260. Equifax shares closed at $231.80 on Thursday.  <a href="https://www.benzinga.com/quote/EFX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Downgrades

Pre-Market Outlook

Markets

Trading Ideas

EDAP

MSEX

This Dow Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Barclays analyst Manav Patnaik downgrades UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) from Equal-Weight to Underweight and lowers the price target from $180 to $152.

Price Target

Barclays Downgrades UniFirst to Underweight, Lowers Price Target to $152

UBS analyst Joshua Chan maintains UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) with a Neutral and raises the price target from $194 to $196.

UBS Maintains Neutral on UniFirst, Raises Price Target to $196

Baird analyst Andrew Wittmann maintains UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) with a Neutral and lowers the price target from $218 to $197.

Baird Maintains Neutral on UniFirst, Lowers Price Target to $197

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) reported second-quarter FY25 revenue growth of 1.9% year-on-year to $602.22 million, slightly missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44604469/unifirst-announces-financial-results-for-the-second-quarter-of-fiscal-2025" rel="noreferrer noopener">analyst consensus estimate of $602.80 million.</a>
Core Laundry Operations revenue increased 1.5% to $530.4 million and Specialty Garments improved 2.2% to $44.4 million.
UniFirst registered&nbsp;an operating income of&nbsp;$31.2&nbsp;million,&nbsp;an increase of&nbsp;11.7%&nbsp;year over year, with an operating margin of 5.2%.
Adjusted&nbsp;EBITDA increased to&nbsp;$68.9&nbsp;million&nbsp;from&nbsp;$64.8&nbsp;million&nbsp;in the prior year. Adjusted EPS&nbsp;of $1.40 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the analyst consensus estimate of $1.32.</a>
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UniFirst reported expenses of approximately $1.9 million in the quarter related to its key initiatives, including customer relationship management and enterprise resource planning projects. These items had a $0.09 effect in the&nbsp;second quarter.
UniFirst said its cash, cash equivalents and short-term investments totaled $201.0 million as of March 1, with no long-term debt outstanding.
The company repurchased 33,000 shares for $6.2 million in the second quarter. As of March 1, UniFirst had $63.7 million remaining under its existing share repurchase authorization.
&#8220;We are excited that our investments in the business are starting to show returns in several areas, including improved profitability, cash flow and overall operational execution,&#8221; said President and CEO Steven Sintros.
In January, Cintas Corporation&nbsp;submitted a proposal to acquire all outstanding shares of&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/01/42849347/unifirst-shares-skyrocket-as-cintas-reveals-275-per-share-acquisition-offer" rel="noreferrer noopener">UniFirst for $275 per share in cash</a>.
UniFirst&nbsp;rejected the proposal, claiming it was&nbsp;not in the best interests of the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42852132/unifirst-confirms-rejection-of-unsolicited-non-binding-and-highly-conditional-acquisition-proposal" rel="noreferrer noopener">company and its shareholders.</a>
Subsequently Cintas ended the discussion on the acquisition proposal last week, as <a target="_blank" href="https://www.benzinga.com/25/03/44470767/unifirst-shares-drop-as-cintas-ends-275share-acquisition-talks-citing-lack-of-interest" rel="noreferrer noopener">the talks remained inconclusive.</a>
Outlook:&nbsp;UniFirst sees FY25 revenue of $2.422 billion &#8211; $2.432 billion (prior view $2.425 billion&nbsp;&#8211; $2.440 billion) against an estimate of $2.430 billion.
The company raised its FY25 EPS outlook<a target="_blank" href="https://www.benzinga.com/25/01/42878530/unifirst-reports-q1-results-adjusted-eps-beats-estimates-despite-sales-miss" rel="noreferrer noopener"> from $6.79 – $7.19</a> to $7.30 &#8211; $7.70 versus the estimate of $7.77.
Price Action: UNF shares traded higher by 0.92% at $176.97 at last check Wednesday.
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Earnings

Equities

Guidance

Uniform Supplier UniFirst Reports Mixed Q2 Results, Revises Annual Outlook

U.S. stocks traded lower this morning, with the Nasdaq Composite dipping more than 100 points on Wednesday.
The Dow traded down 0.35% to 41,844.40 while the NASDAQ fell 0.62% to 17,341.37. The S&amp;P 500 also fell, dropping, 0.50% to 5,605.14.
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Leading and Lagging Sectors Communication services shares fell by just 0.1% on Wednesday.
In trading on Wednesday, consumer discretionary shares tumbled by 0.8%.
Top Headline
UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) reported better-than-expected earnings for the second quarter on Wednesday.
The company posted quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.32 per share. The company reported quarterly sales of $602.22 million which missed the analyst consensus estimate of $602.81 million.
UniFirst said it sees FY25 revenue of $2.422 billion to $2.432 billion versus estimates of $2.430 billion. The company expects EPS of $7.30 to $7.70 versus expectations of $7.770.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<li>Innovation Beverage Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBG#NASDAQ">IBG</a>) shares shot up 253% to $1.75 r after the company announced a distribution deal with a top national alcohol company to expand its reach in the US market.</li>
<li>Shares of Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>)got a boost, surging 155% to $0.0664.</li>
<li>ConnectM Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) shares were also up, gaining 130% to $1.1299 after the company announced it received a $1.60 per share buyout offer from 3 institutional investors.</li>
</ul>
Equities Trading DOWN
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<li>Jayud Global Logistics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) shares dropped 91% to $0.7073.</li>
<li>Shares of ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) were down 63% to $0.58.</li>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) was down, falling 47% to $0.1436 after the company announced it will delist its shares from Nasdaq capital market.</li>
</ul>
Commodities In commodity news, oil traded down 0.1% to $71.17 while gold traded up 0.7% at $3,167.00.
Silver traded up 0.9% to $34.625 on Wednesday, while copper rose 0.5% to $5.0615.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.8%, Germany's DAX 40 dipped 1.2% and France's CAC 40 fell 0.7%. Spain's IBEX 35 Index climbed 0.1%, while London's FTSE 100 fell 0.6%.
Asia Pacific Markets
Asian markets closed mostly higher on Wednesday, with Japan's Nikkei 225 gaining 0.28%, China's Shanghai Composite Index gaining 0.05%, Hong Kong's Hang Seng Index falling 0.02% and India's BSE Sensex gaining 0.78%.
Economics
<ul>
<li>U.S. mortgage applications fell by 1.6% in the week ending March 28.</li>
<li>Private businesses in the U.S. added 155,000 jobs in March compared to a revised 84,000 gain in February and higher than market estimates of 105,000.</li>
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Nasdaq Tumbles 100 Points; UniFirst Posts Upbeat Earnings

UniFirst Sees FY25 Revenue Of $2.422B - $2.432B Vs. $2.430B Est; EPS Of $7.30 - $7.70 Vs. $7.770 Est.

UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.32 by 6.06 percent. This is a 14.75 percent increase over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $602.22 million which missed the analyst consensus estimate of $602.81 million by 0.10 percent. This is a 1.95 percent increase over sales of $590.71 million the same period last year.

Earnings Beats

Earnings Misses

UniFirst Q2 Adj $1.40 Beats $1.32 Estimate, Sales $602.22M Miss $602.81M Estimate

U.S. stock futures slipped on Wednesday after a mixed session on Tuesday. Futures of major benchmark indices were lower in premarket trading.
As the &#8220;Liberation Day&#8221; has arrived, traders will look for cues from President Donald Trump&#8217;s &#8220;reciprocal tariffs&#8221; scheduled to be announced later today.
The administration is reportedly considering a widespread 20% tariff that would affect a large portion of the $3 trillion in yearly imports, according to <a href="https://www.washingtonpost.com/business/2025/04/01/trump-tariffs-draft-recession-projection/">a</a> Washington Post report.
The 10-year Treasury bond yielded 4.17% and the two-year bond was at 3.88%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows markets pricing in an 85.5% likelihood of the Federal Reserve maintaining current interest rates through its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.22%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.29%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.30%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Tuesday. The SPY was down 0.25% to $559.58, while the QQQ declined 0.34% to $471.10, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Driven by gains in consumer discretionary, communication services, and information technology, the S&amp;P 500 closed slightly higher on Tuesday, though overall U.S. stocks settled mixed.
Conversely, the health care and financial sectors experienced declines. This sector divergence occurred as investors anticipated the Trump administration&#8217;s upcoming tariff announcements.
Meanwhile, broader market indices reflected significant losses for March and the first quarter of the year: the S&amp;P 500 saw its largest monthly drop since December 2022, falling 5.8%, while the Nasdaq and Dow tumbled 8.2% and 4.2% respectively. Quarterly, the Nasdaq declined 10.4%, the Dow 1.3%, and the S&amp;P 500 also recorded a loss.
Economic data revealed a decline in the ISM manufacturing PMI, an increase in construction spending, and a decrease in job openings.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.67%</td>
<td>17,449.89</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.38%</td>
<td>5,633.07</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.028%</td>
<td>41,989.96</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.016%</td>
<td>2,012.24</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As investors await further direction on the economy&#8217;s outlook after Trump&#8217;s tariffs, Jurrien Timmer, the director of global macro at Fidelity Investments, in his <a href="https://www.linkedin.com/pulse/study-contrasts-week-33125-jurrien-timmer-gjkwe/">recent note</a> said that &#8220;More uncertainty means higher risk premia.&#8221;
Th refers to the additional return investors expect to receive for taking on a riskier investment compared to a risk-free investment. It&#8217;s essentially the reward for bearing greater uncertainty.
He observes a significant shift in market sentiment, moving from confidence to doubt. He notes, &#8220;Markets continue to price in a possible left tail,&#8221; with the S&amp;P 500 hovering at the -10% correction threshold.
Timmer distinguishes between sharp, swift drawdowns, like the 1998 LTCM crisis, and potential recession-driven corrections. &#8220;Market cycles that are priced for recessions that don't happen are the ones we want to rebalance into.&#8221; However, he cautions that if fiscal austerity and trade tensions trigger a recession, &#8220;we are likely not done correcting.&#8221; The core-PCE inflation rate near 3% further complicates matters, potentially limiting the Fed&#8217;s support.
While acknowledging the difficulty of predicting market movements in real time, he emphasizes the importance of analyzing &#8220;the tape, sentiment, valuation, earnings estimates, and credit.&#8221; While the market appears &#8220;moderately oversold&#8221; and sentiment is cautious, it doesn&#8217;t indicate recessionary pricing, warranting &#8220;further patience.&#8221;
Regarding diversification, Timmer points to the performance of international equities, Treasuries, and gold. He also poses the crucial question: &#8220;whether the rotation out of the Mag 7 is a bump along the road to continued AI and mega cap dominance, or the BIG one.&#8221; He stresses that if a new secular regime is emerging, &#8220;the game going forward will be all about the alpha instead of the beta,&#8221; necessitating a wider asset allocation and lower equity return expectations.
Timmer also notes the historical occurrence of 10% drawdowns, stating &#8220;The odds of being in a 10% drawdown have been around 40% for the S&amp;P 500,&#8221; and that there is no clear historical pattern of what happens after a 10% decline. He also notes a similarity between the current market and the 1998 LTCM crisis, both catalyzed by an unwinding of crowded trades.
According to Eugenia Mykuliak, the founder and executive director at B2PRIME Group, tariffs can cause a disruption in global supply chains, which will lead businesses to reassess their supply routes.
A recalibration of the supply chain will lead to &#8220;Capital outflows from emerging markets and increased market volatility,&#8221; said Mykuliak.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul>
<li>March&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
</ul>
<ul>
<li>February&#8217;s factory orders data will be released at 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Fed Governor Adriana Kugler will speak at 4:30 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) was up 0.36% in premarket on Wednesday ahead of its earnings before the opening bell. Analysts expect a quarterly earnings of $1.34 per share on revenue of $602.80 million.</li>
</ul>
<ul>
<li>BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) advanced 3.22% as Wall Street expects it to report a quarterly earnings of 1 cent per share on revenue of $132.83 million before the opening bell.</li>
</ul>
<ul>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) rose 2.07% ahead of its earnings after the closing bell. Analysts expect a quarterly earnings of $1.92 per share on revenue of $829.56 million.</li>
</ul>
<ul>
<li>Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) jumped 31.61% after posting stronger-than-expected earnings and sales results for its fourth quarter on Tuesday.</li>
</ul>
<ul>
<li>nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) plunged 31.33%, reporting weaker-than-expected earnings for its fourth quarter, while sales topped estimates. The company also said it sees first-quarter total revenue of $138.75 million to $140.75 million and adjusted earnings of 15 cents to 16 cents per share.</li>
</ul>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) was 0.45% lower after completing its $4.9 billion acquisition of data-center equipment designer ZT Systems.</li>
</ul>
<ul>
<li>Syra Health Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRA#NASDAQ">SYRA</a>) slumped 59.24% after it announced a voluntary delisting from the Nasdaq Capital Market.</li>
</ul>
<ul>
<li>Seritage Growth Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRG#NYSE">SRG</a>) declined 29.29% after it generated $61.8 million in asset sales, but reported a $158.4 million net loss for the year.</li>
</ul>
<ul>
<li>Sunshine Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) surged 54.77% after its 2024 revenue surged to $34.9 million from $24.1 million in the year-ago period.</li>
</ul>
<ul>
<li>Antelope Enterprise Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) plummeted 30.05% after announcing a 1-for-40 reverse stock split.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.13% to hover around $71.11 per barrel.
Gold Spot US Dollar advanced 0.30% to hover around $3,133.45 per ounce. Its fresh record high stood at $3,149.03 per ounce. The U.S. Dollar Index spot was lower by 0.11% at the 104.144 level.
Asian markets closed on a mixed note on Wednesday. Japan's Nikkei 225 and Australia's ASX 200 index advanced. Whereas China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi index fell. European markets were also mixed in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44601482/gold-holds-above-3100-mark-price-surge-reflects-growing-economic-uncertainty-here-are-some">Gold Holds Above $3,100 Mark Amid Growing Economic Uncertainty: Here Are Some ETFs To Capitalize On The Golden Rush</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Market Summary

Futures

Forex

Treasuries

Economics

Federal Reserve

ETFs

AEHL

NCNO

SBFM

SPWH

US Stock Futures Slip Ahead Of 'Liberation Day' Tariffs Announcement: Expert Points To Uncertainty Amid Higher Risk Premia

<h3>Companies Reporting Before The Bell</h3>
• BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $132.81 million. 
• Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $93.15 million. 
• AngioDynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) is expected to report quarterly loss at $0.13 per share on revenue of $70.30 million. 
• UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $602.81 million. 
<h3>Companies Reporting After The Bell</h3>
• Bassett Furniture Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSET#NASDAQ">BSET</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $79.62 million. 
• RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is expected to report quarterly earnings at $1.91 per share on revenue of $829.53 million. 
• Franklin Covey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FC#NYSE">FC</a>) is projected to report quarterly loss at $0.06 per share on revenue of $62.65 million. 
• ClearSign Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) is projected to report earnings for its fourth quarter. 
• Penguin Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENG#NASDAQ">PENG</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $344.66 million. 
• Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) is expected to report quarterly loss at $0.10 per share on revenue of $130.00 million. 
• Nanobiotix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>) is likely to report earnings for its Fiscal Year 2024. 
• EXoZymes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXOZ#NASDAQ">EXOZ</a>) is projected to report earnings for its fourth quarter. 
• Logistic Properties (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPA#AMEX">LPA</a>) is estimated to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGO

BSET

CGNT

CLIR

EXOZ

NBTX

Penguin Solutions, Inc. - Ordinary Shares

PENG

Earnings Scheduled For April 2, 2025

The CNN Money Fear and Greed index showed almost no change in the overall market sentiment, while the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 closing slightly higher during the session as investors awaited details on the tariff plans expected from the Trump administration on Wednesday.
On Tuesday, a Washington Post report suggested the administration is considering a sweeping 20% tariff on most of the $3 trillion in annual imports.
The S&amp;P 500 declined 5.8% in March, recording its biggest monthly decline since December 2022. The Nasdaq dipped 8.2%, while the Dow tumbled 4.2% last month. For the quarter, the S&amp;P 500 dropped, while the Nasdaq dipped 10.4%. The Dow lost 1.3% during the first three months of the year.
On the economic data front, the ISM manufacturing PMI declined to 49 in March compared to a reading of 50.3 in February, and also missing market estimates of 49.5. U.S. construction spending increased 0.7% month-over-month in February following a revised 0.5% fall in January. The number of job openings fell by 194,000 to 7.568 million in February compared to a revised 7.762 million in the previous month.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, communication services, and information technology stocks recording the biggest gains on Tuesday. However, health care and financial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 12 points to 41,989.96 on Tuesday. The S&amp;P 500 rose 0.38% to 5,633.07, while the Nasdaq Composite climbed 0.87% to 17,449.89 during Tuesday's session.
Investors are awaiting earnings results from UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), and RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 19.3, the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday, versus a prior reading of 19.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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</ul>
Photo via Shutterstock

S&P 500 Settles Higher Ahead Of Tariff Day: Greed Index Remains In 'Extreme Fear' Zone

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its second-quarter financial results before the <a href="https://www.benzinga.com/quote/unf/earnings">opening bell on Wednesday, April 2.</a>
Analysts expect the company to report quarterly earnings at $1.34 per share, up from $1.12 per share in the year-ago period. UniFirst projects quarterly revenue of $602.81 million, compared to $590.71 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 24, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) ended deal talks with UniFirst. The company had offered $275 per share in cash.
UniFirst shares rose 0.8% to close at $175.36 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst Andrew Wittmann maintained a Neutral rating and increased the price target from $199 to $200 on Oct. 24, 2024. This analyst has an accuracy rate of 73%.</li>
<li>JP Morgan analyst Andrew Steinerman maintained an Underweight rating and increased the price target from $170 to $175 on June 27, 2024. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying UNF stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png" alt="" class="wp-image-852592" style="width:577px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02025503/image-14.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

CTAS

Top Wall Street Forecasters Revamp UniFirst Price Expectations Ahead Of Q2 Earnings

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects UniFirst Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) to report quarterly earnings at $1.34 per share on revenue of $602.80 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. UniFirst shares gained 0.9% to $177.00 in after-hours trading.</li>
<li>Sportsman&#8217;s Warehouse Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) posted stronger-than-expected earnings and sales results for its fourth quarter on Tuesday. Sportsman&#8217;s Warehouse shares jumped 51.3% to $1.46 in the after-hours trading session.</li>
<li>Analysts expect BlackBerry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) to post quarterly earnings at 1 cent per share on revenue of $132.83 million. The company will release earnings before the markets open. BlackBerry shares gained 1.6% to $3.79 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>nCino Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) reported weaker-than-expected earnings for its fourth quarter, while sales topped estimates. The company also said it sees first-quarter total revenues of $138.75 million to $140.75 million and adjusted earnings of 15 cents to 16 cents per share. nCino shares dipped 29.3% to $19.89 in the after-hours trading session.</li>
<li>Analysts expect RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) to post quarterly earnings at $1.92 per share on revenue of $829.56 million after the closing bell. RH shares gained 0.1% to $239.17 in the after-hours trading session.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44584246/wall-streets-most-accurate-analysts-give-their-take-on-3-consumer-stocks-delivering-high-dividend-yields-6">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields</a> </li>
</ul>
Photo via Shutterstock

UniFirst, BlackBerry And 3 Stocks To Watch Heading Into Wednesday

UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its quarterly earnings report on Wednesday, 2025-04-02. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate UniFirst to report an earnings per share (EPS) of $1.34.
Investors in UniFirst are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.19, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at UniFirst's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.21</td>
<td>2.04</td>
<td>1.86</td>
<td>1.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.40</td>
<td>2.46</td>
<td>2.19</td>
<td>1.22</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>3.0%</td>
<td>-3.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1743516029_0.png" alt="eps graph" />
<h3>Performance of UniFirst Shares</h3>
Shares of UniFirst were trading at $174.0 as of March 31. Over the last 52-week period, shares are up 4.09%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/UNF/earnings">To track all earnings releases for UniFirst visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring UniFirst's Earnings Expectations

UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) will release its second-quarter financial results before the <a href="https://www.benzinga.com/quote/UNF/earnings">opening bell on Wednesday, April 2.</a>
Analysts expect the company to report quarterly earnings at $1.34 per share, up from $1.12 per share in the year-ago period. UniFirst projects quarterly revenue of $602.81 million, compared to $590.71 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 24, Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) ended deal talks with UniFirst. The company had offered $275 per share in cash.
With the recent buzz around UniFirst, some investors may be eyeing potential gains from the company's dividends, too. Currently, UniFirst offers an annual dividend yield of 0.80%. That&#8217;s a quarterly dividend of 35 cents per share ($1.40 a year).
To figure out how to earn $500 monthly from UniFirst, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by UniFirst's $1.40 dividend: $6,000 / $1.40 = 4,286 shares.
So, an investor would need to own approximately $745,764 worth of UniFirst, or 4,286 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.40 = 857 shares, or $149,118 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
UNF Price Action: Shares of UniFirst rose by 0.1% to close at $174.00 on Monday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Image: Shutterstock

Long Ideas

How To Earn $500 A Month From UniFirst Stock Ahead Of Q2 Earnings

<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>Plenty, a vertical farming company backed by billionaire Jeff Bezos, is <a href="https://www.wsj.com/articles/bezos-backed-vertical-farming-startup-plenty-files-for-bankruptcy-9049c694">wilting</a> in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of Plenty's future, but instead, it's just tossed a $20.7 million DIP financing lifeline to <a href="https://in.benzinga.com/personal-finance/25/03/44225948/larry-ellison-poured-500-million-into-high-tech-farming-and-its-struggling-to-take-root">keep the crops alive</a>.</li>
</ul>
<ul>
<li>According to the <a href="https://www.nrn.com/casual-dining/bar-louie-files-for-chapter-11-bankruptcy-protection">Nation's Restaurant News</a>, Bar Louie filed for Chapter 11 bankruptcy protection Wednesday. The Texas-based chain operates 48 locations in the U.S. and has assets between $1 million and $10 million. Its liabilities are somewhere between $50 million and $100 million. The chain blamed rising food and labor costs as the chief reasons behind the financial issues. Bar Louie says it will restructure to reduce debt while keeping some restaurants open. Bar Louie is just the latest restaurant chain to go bankrupt. TGI Friday's, Red Lobster, Red Robin and On the Border are all burnt.</li>
</ul>
<ul>
<li>Hooters, which is on the <a href="https://www.benzinga.com/news/asset-sales/25/02/43897289/deal-dispatch-hooters-plans-restructuring-prada-in-talks-to-acquire-versace">verge</a> of bankruptcy, is trying to polish up its gimmick. The brand is parting ways with the decisions made by its private equity backers. Recall in 2021 when Hooters of America made waitresses wear underwear-like uniforms and participate in so-called &#8220;bikini&#8221; nights. "That's depressing to us,&#8221; Neil Kiefer, chief executive officer of HMC Hospitality Group, <a href="https://www.bloomberg.com/news/features/2025-03-27/hooters-bankruptcy-founders-to-welcome-families-end-bikini-nights?sref=TBDibEcD">told</a> Bloomberg. &#8220;We want to change that."</li>
</ul>
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is pursuing Lumen Technologies&#8216; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) consumer fiber business. According <a href="https://www.bloomberg.com/news/articles/2025-03-25/at-t-said-in-talks-to-buy-lumen-s-consumer-fiber-unit?sref=TBDibEcD">to</a> Bloomberg, the price tag exceeds $5.5 billion. The talks come about two months after AT&amp;T completed a sale-leaseback deal for 74 of its properties, <a href="https://in.benzinga.com/news/asset-sales/25/01/43197188/att-nets-850-million-in-sale-leaseback-deal-as-part-of-copper-network-exit">generating $850 million in cash</a>.</li>
</ul>
<ul>
<li>Searchlight Capital Partners <a href="https://www.bloomberg.com/news/articles/2025-03-24/f-35-pilot-outfitter-survitec-weighs-unit-sale-in-defense-boom?sref=TBDibEcD">hired</a> investment bank Houlihan Lokey Inc. to run an auction for Survitec&#8216;s aerospace and defense business. The buyout firm unit acquired Survitec in 2019. The sale process is indicative of the heightened demand for defense assets. <a href="https://www.pwc.com/us/en/industries/industrial-products/library/aerospace-defense-deals-outlook.html">Per</a> PwC, there's been a &#8220;marked increase in portfolio reshaping&#8221; as aerospace and defense companies focus on core assets.</li>
</ul>
<ul>
<li>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is <a href="https://www.bloomberg.com/news/articles/2025-03-27/blackstone-backed-compliance-tech-firm-isn-mulls-6-billion-sale?srnd=phx-deals&amp;sref=TBDibEcD">reportedly</a> shopping around its ISN Software segment. The Dallas-based compliance software firm is said to be valued at over $6 billion. A bank hasn&#8217;t been hired yet, according to Bloomberg, but buyers are showing interest.</li>
</ul>
<ul>
<li>Private equity firm I Squared Capital is seeking to divest Irish power producer, Energia Group, which is valued at approximately 2 billion euros ($2.2 billion). Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-27/i-squared-said-to-start-2-billion-sale-of-utility-firm-energia?srnd=phx-deals&amp;sref=TBDibEcD">reports</a> that the sale could attract interest from other energy firms looking to expand in the European market.</li>
</ul>
<ul>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is planning to sell its 50.1% stake in Cuxhaven, Germany-based PNE. With a market cap exceeding 1 billion euros, PNE specializes in developing wind and solar energy projects. Reuters reports that the sale of this stake could bolster the firm&#8217;s focus on other renewable energy ventures across Europe.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is no longer buying work uniform provider UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>). The proposed deal would have offered $275 per share in cash, a 46% premium over UniFirst's 90-day average closing price as of Jan. 6. Despite weeks of talking and little agreement, the parties have decided to call it quits. On the bright side, Cintas <a href="https://in.benzinga.com/25/03/44516589/cintas-analysts-boost-their-forecasts-after-upbeat-earnings">reported upbeat earnings</a>.</li>
</ul>
<ul>
<li>William Blair is advising CentralReach LLC, a portfolio company of Insight Partners, on its pending acquisition by Roper Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) for $1.85 billion. </li>
</ul>
<ul>
<li>India wants to secure a stake in Chilean mining leader SQM's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) projects in Australia. This deal would give India, a lithium importer, access to critical battery minerals to cater to its growing market. The Indian consortium, led by Khanij Bidesh India Ltd (KABIL), is pursuing stakes in SQM's Mount Holland and Andover lithium projects in Western Australia. Per initial estimates, a 20% stake in these projects would be <a href="https://www.benzinga.com/25/03/44533351/india-targets-sqms-australian-lithium-to-diversify-its-imports">worth around $600 million</a>.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Napster, the OG of digital music, <a href="https://apnews.com/article/napster-music-pioneer-service-sold-7c2541f805d8debf0433171696c54518">sold</a> for $207 million to tech startup Infinite Reality. The move signals Napster's evolution from its nostalgic roots into the world of AI and all things immersive. Napster CEO Jon Vlassopulos, who used to be Roblox's global head of music, is staying at the helm—though now he's also taking on a global role at iR. This acquisition comes hot on the heels of iR's massive $3 billion funding round, pushing the company's valuation to a cool $12.25 billion. Infinite Reality&#8217;s backers include Steve Aoki, Imagine Dragons, Rudy Gobert, and Taylor Fritz.</li>
</ul>
For last week&#8217;s edition of the <a href="https://www.benzinga.com/news/asset-sales/25/03/44443094/deal-dispatch-sandals-for-sale-chisholms-celtic-pride-matrix-producer-faces-bankrupt-reality">Deal Dispatch, click here</a>.
Now Read:
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<li><a href="https://www.benzinga.com/real-estate/25/03/44512914/christina-ricci-is-selling-her-4-175-million-home-she-bought-last-year-to-house-a-family-member-who-lost-theirs-in-los-angeles-wildfires">Christina Ricci Is Selling Her $4.175 Million Home She Bought Last Year to House a Family Member Who Lost Theirs in Los Angeles Wildfires</a></li>
</ul>

LUMN

Deal Dispatch: Bezos-Backed Crop Company Wilts, Tech Startup Nabs Napster For $207 Million

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">NET Power Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>)</h3>
<ul>
<li>On March 10, NET Power reported a year-over-year decrease in fourth-quarter EPS results. &#8220;2024 was a year of significant achievement amidst challenging market conditions for commercializing new technologies,&#8221; said Danny Rice, Chief Executive Officer of Net Power. The company's stock fell around 62% over the past month and has a 52-week low of $2.28.</li>
<li>RSI Value: 20.9</li>
<li>NPWR Price Action: Shares of NET Power fell 5.5% to close at $2.74 on Wednesday.</li>
<li>Edge Stock Ratings: 3.62 Momentum score with <a href="https://www.benzinga.com/quote/NPWR">Value at 1.30</a>.</li>
</ul>
<h3 class="wp-block-heading">UniFirst Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Monday, Cintas disclosed ending discussions regarding its proposal to acquire UniFirst for $275 per share in cash. The offer represented a 46% premium over UniFirst's 90-day average closing price as of January 6, 2025, the last trading day before the proposal was publicly disclosed. The company's stock fell around 19% over the past month and <a href="https://www.benzinga.com/quote/UNF">has a 52-week low </a>of $149.58.</li>
<li>RSI Value: 24.3</li>
<li>UNF Price Action: Shares of UniFirst gained 0.9% to close at $170.87 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0327">UNF stock</a>. </li>
</ul>
<h3 class="wp-block-heading">Babcock &amp; Wilcox Enterprises Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>)</h3>
<ul>
<li>Babcock &amp; Wilcox Enterprises will host a conference call and webcast on Monday, March 31, 2025 to discuss fourth-quarter results. The company's stock fell around 25% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/BW">low of $0.78.</a></li>
<li>RSI Value: 26.4</li>
<li>BW Price Action: Shares of Babcock &amp; Wilcox Enterprises fell 7.1% to close at $0.80 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0327">breakout in BW shares</a>.</li>
</ul>
Learn more about BZ Edge Rankings—<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">click to see scores for other stocks in the sector and see how they compare.</a>
Image: Shutterstock

NPWR

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<h3>Gainers</h3>
<ul>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) shares moved upwards by 85.7% to $4.21 during Tuesday's regular session. The market value of their outstanding shares is at $140.5 million. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) stock rose 29.43% to $4.25. The market value of their outstanding shares is at $87.5 million. </li>
<li>FBS Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBGL#NASDAQ">FBGL</a>) shares moved upwards by 24.56% to $1.42. The market value of their outstanding shares is at $19.1 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) stock moved upwards by 16.98% to $0.69. The market value of their outstanding shares is at $247.6 million. </li>
<li>High-Trend International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock rose 16.3% to $1.09. The company's market cap stands at $132.2 million. </li>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) stock increased by 10.72% to $0.64. The market value of their outstanding shares is at $20.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Singularity Future Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGLY#NASDAQ">SGLY</a>) shares decreased by 40.8% to $0.88 during Tuesday's regular session. The market value of their outstanding shares is at $3.7 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares fell 35.43% to $0.48. The market value of their outstanding shares is at $7.3 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock fell 19.46% to $2.56. The company's market cap stands at $38.1 million. </li>
<li>Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) stock fell 17.07% to $1.73. The market value of their outstanding shares is at $378.1 million. </li>
<li>Galaxy Payroll Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXG#NASDAQ">GLXG</a>) stock declined by 14.54% to $0.74. The market value of their outstanding shares is at $13.3 million. </li>
<li>UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) stock declined by 13.69% to $170.54. The market value of their outstanding shares is at $3.1 billion. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

CLIK

FBGL

GLXG

HTCO

MKFG

NNDM

SGLY

WLGS

12 Industrials Stocks Moving In Tuesday's Intraday Session

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UniFirst Announces Financial Results for the Second Quarter of Fiscal 2025

UniFirst Declares Regular Cash Dividends; New $100 Million Share Repurchase Authorization

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