Unifi Announces Strong Third Quarter Fiscal 2021 Results
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Unifi Inc (UFI) PT Raised to $32 at Northland Capital Markets Following Earnings
April 29, 2021 11:25 AM EDTNorthland Capital Markets analyst Gus Richard raised the price target on Unifi Inc (NYSE: UFI) to $32.00 (from $27.00) while maintaining an Outperform rating.
The analyst commented, "We are slightly increasing our estimates for UFI. While near term the Brazil operation margins likely... More
Unifi, Inc. (UFI) Tops Q3 EPS by 9c, Revenues Beat
April 28, 2021 4:43 PM EDTUnifi, Inc. (NYSE: UFI) reported Q3 EPS of $0.25, $0.09 better than the analyst estimate of $0.16. Revenue for the quarter came in at $178.9 million versus the consensus estimate of $166.97 million.
Third Quarter Fiscal 2021 Overview
Net sales were $178.9 million, an increase of 4.6% year-over-year, and an increase of 9.9% sequentially from the second quarter of fiscal 2021.Revenues from REPREVE® Fiber products represented 33% of consolidated net sales, compared to 29% for the third quarter of fiscal 2020.Gross profit was $25.6 million, a 66% increase year-over-year, while gross margin was 14.3%, an increase of 530 basis points year-over-year, primarily due to... More