VESTIS TEAMSTERS IN IOWA RATIFY NEW CONTRACTS
Teamsters drivers and plant workers at Vestis facilities across Iowa have ratified new three-year collective bargaining agreements. These contracts include wage increases, 401(k) language with employer contributions, and protected health care premiums for approximately 178 workers. This outcome reinforces strong union protections and reflects the Teamsters' ongoing efforts to secure favorable terms for their members in the laundry industry.
Janzen Departs Vestis, Bowen Interim CFO
Vestis Corporation announced that Kelly Janzen, executive vice president and CFO, is departing the company. Adam K. Bowen, vice president of financial planning & analysis, has been appointed as interim CFO. Vestis is currently engaging an executive search firm to find a permanent Chief Financial Officer.
Vestis falls short in Q1 as weaker revenue drags earnings
Vestis (VSFS) reported a mixed first quarter with earnings per share matching estimates but revenue falling short. The company achieved double-digit organic revenue growth in its Key Accounts segment, driven by new business and price increases, but missed overall revenue expectations. Despite the revenue miss, Vestis reiterated its full-year earnings guidance, signaling confidence in future performance.
5 Insightful Analyst Questions From Vestis's Q4 Earnings Call
Vestis (VSTS) Q4 earnings showed positive signs with improved operational execution and reduced customer complaints, leading to a positive market response despite a slight EPS miss. Analysts focused on revenue per pound trends, EBITDA growth drivers, transformation progress, and plant productivity improvements during the earnings call. The company is in the "first inning" of its transformation, with gradual, cumulative improvements expected in upcoming quarters.
Analysts Offer Insights on Industrial Goods Companies: Aurizon Holdings (OtherQRNNF) and Vestis Corporation (VSTS)
Analysts from Citi and Barclays have provided insights on two industrial goods companies: Aurizon Holdings (QRNNF) and Vestis Corporation (VSTS). Citi maintained a Hold rating on Aurizon Holdings with a A$3.45 price target, while Barclays analyst Manav Patnaik maintained a Sell rating on Vestis Corporation with a $6.00 price target. The article details the current analyst consensuses and recent modifications to their ratings.
Vestis (VSTS) Reaffirms 2026 Outlook After Swing to Quarterly Loss Is Management Signaling Steady Confidence?
Vestis (VSTS) reported a first-quarter 2026 net loss of US$6.39 million and lower sales compared to the prior year, despite initially having prior net income. However, management reaffirmed its full-year 2026 guidance for flat to down 2% revenue, indicating confidence in its operational and pricing initiatives. This decision highlights the importance of execution to stabilize revenue, improve margins, and repair the balance sheet, especially given varying analyst forecasts and high net leverage.
Earnings call transcript: Vestis Corp Misses Q1 2026 Estimates, Stock Surges
Vestis Corp (VSTS) reported disappointing Q1 2026 results, missing analyst EPS and revenue estimates by 62.96% and 13.13% respectively. Despite the financial misses, the company's stock surged 17.08% in pre-market trading, driven by investor optimism about ongoing operational improvements and strategic shifts in product mix. Executives emphasized their focus on cost efficiency, business transformation, and expectations for sequential EBITDA improvements throughout the year.
Vestis (VSTS) Reaffirms 2026 Outlook After Swing to Quarterly Loss Is Management Signaling Steady Confidence?
Vestis (VSTS) reported a Q1 2026 net loss of US$6.39 million and lower sales compared to the prior year, yet management reaffirmed its full-year 2026 guidance. This move signals management's confidence in its operational and pricing initiatives despite current pressures. The reaffirmation puts a spotlight on execution risk and the company's ability to stabilize revenue, improve margins, and repair its balance sheet.
Vestis Corporation (NYSE:VSTS) Released Earnings Last Week And Analysts Lifted Their Price Target To US$7.92
Vestis Corporation (NYSE:VSTS) recently reported its first-quarter results, showing a 20% stock increase despite statutory losses of US$0.05 per share. Analysts have maintained their revenue forecasts at US$2.65 billion for 2026 but raised their earnings per share expectations and increased the consensus price target by 29% to US$7.92. Despite the positive outlook on earnings and price target, Vestis is expected to see a revenue decline of 2.4% in 2026, performing worse than the broader industry.
Vestis Corporation (NYSE:VSTS) Just Reported And Analysts Have Been Lifting Their Price Targets
Vestis Corporation (NYSE:VSTS) saw its share price jump 20% after reporting first-quarter results that met revenue expectations but had statutory losses. Analysts have since increased their earnings per share expectations and raised the consensus price target by 29% to US$7.92, despite forecasts indicating a continued decline in revenue.
Allianz Asset Management GmbH Acquires 129,415 Shares of Vestis Corporation $VSTS
Allianz Asset Management GmbH increased its stake in Vestis Corporation (NYSE:VSTS) by 22.6% during the third quarter, acquiring an additional 129,415 shares to own a total of 700,798 shares valued at $3.175 million. Other institutional investors also adjusted their holdings in Vestis. Despite a "Strong Sell" average rating from analysts, Vestis has shown positive Q1 adjusted EPS and operating cash flow, indicating potential for a turnaround.
Vestis Q1 Loss Narrows To US$0.05 EPS Challenging Bearish Narratives On Turnaround Potential
Vestis (VSTS) reported a Q1 2026 basic EPS loss of US$0.05 and a net loss of US$6.4 million, showing a significant narrowing from previous quarters, which could suggest a potential turnaround. While the company still faces persistent losses, weak interest coverage, and margin pressure despite US$2.7 billion in revenue over the last twelve months, proponents of a bullish view point to the improving quarterly results and a low P/S multiple. Conversely, bears highlight the ongoing unprofitability and rising losses over the past five years.
Vestis Stock: A Deep Dive Into Analyst Perspectives (5 Ratings)
Five analysts have recently evaluated Vestis (NYSE: VSTS), resulting in a variety of ratings from somewhat bearish to bearish. The average 12-month price target for VSTS has increased by 9.06% to $6.02, with a high estimate of $6.50 and a low of $5.30. Despite positive revenue growth, Vestis faces challenges with below-average market capitalization, net margin, return on equity, return on assets, and a high debt-to-equity ratio.
VSTS Q4 Deep Dive: Operational Improvements and Transformation Initiatives Shape Outlook
Vestis Corporation (NYSE:VSTS) met revenue expectations in Q4 CY2025, but reported a GAAP loss below analyst estimates. Despite this, the company's shares rose due to positive investor response to early signs of progress in its business transformation initiatives, including improved operational execution and reduced customer complaints. Management is focused on continued incremental gains from operational and commercial strategies, emphasizing disciplined decisions on product mix, pricing, and plant operations to drive sustainable margin expansion.
Vestis Shares Surge 16% on Operational Turnaround Despite Q1 Revenue Miss
Vestis Corporation (VSTS) shares surged 16.12% after reporting significant improvements in cash flow and operational metrics for Q1 2026, despite missing revenue and earnings expectations. The uniform provision company is undergoing a multi-year "Transformation Plan" aiming for $75 million in annual cost savings and debt reduction through asset optimization, facing challenges from high net leverage and macroeconomic pressures.
Vestis (NYSE: VSTS) posts Q1 2026 loss, strong cash flow and reaffirms outlook
Vestis (NYSE: VSTS) reported a Q1 2026 net loss of $6.4 million on revenues of $663.4 million, a 3% decrease year-over-year, but showcased strong cash flow with $28.3 million in Free Cash Flow. The company reaffirmed its fiscal 2026 outlook, anticipating revenues to be flat to down 2% and Adjusted EBITDA between $285 million and $315 million, driven by their strategic business transformation plan which has already shown improved plant productivity and reduced customer complaints. Vestis also highlighted improvements in operational efficiency and a solid liquidity position of $316.7 million.
Vestis reaffirms $285M–$315M adjusted EBITDA target for 2026 as cost discipline and operational gains continue
Vestis has reaffirmed its adjusted EBITDA target of $285 million to $315 million for 2026, indicating confidence in its cost discipline and operational improvements. The company's focus on these areas is expected to drive financial performance over the next two years.
Vestis falls short in Q1 as weaker revenue drags earnings
The article reports that Vestis (VSTS) missed its Q1 financial targets due to lower-than-expected revenue, which adversely impacted earnings. This performance led to a notable drop in the company's stock price during after-hours trading.
Vestis (NYSE:VSTS) Shares Gap Up Following Earnings Beat
Vestis (NYSE: VSTS) shares gapped up following an earnings beat, reporting $0.10 EPS against a $0.06 consensus, though revenue slightly missed estimates. Despite the positive earnings, analysts maintain a "Strong Sell" consensus rating with a $5.70 target price due to recent downgrades. Company insiders have shown confidence by acquiring over 1.2 million shares in the last 90 days, owning approximately 15.7% of the company.
Vestis Corp (NYSE:VSTS) Reports Q1 2026 Earnings Beat, Reaffirms Full-Year Outlook Amid Transformation
Vestis Corp (NYSE:VSTS) reported a Q1 2026 earnings beat, with adjusted EPS of $0.10 against an estimate of $0.0644, despite missing revenue expectations with sales totaling $663.4 million. The company is undergoing a strategic business transformation aimed at achieving $75 million in annual cost savings by fiscal 2026, which contributed to improved profitability and a positive pre-market stock reaction. Vestis reaffirmed its full fiscal 2026 outlook, expecting revenue to be flat to down 2% and Adjusted EBITDA between $285 million and $315 million, indicating confidence in its turnaround plan.
Vestis (NYSE:VSTS) Announces Q4 CY2025 Results Meeting Projections
Vestis (NYSE:VSTS) reported Q4 CY2025 revenue of $663.4 million, meeting Wall Street expectations but down 3.2% year-over-year. Although GAAP EPS missed analyst estimates, adjusted EBITDA and full-year EBITDA guidance surpassed forecasts. Shares rose 4.2% following the report, indicating a positive market reaction despite ongoing challenges in revenue growth and operating margins.
Vestis Q1 2026 Results: $6.4M Loss, Revenue Below Analyst Estimates - News and Statistics
Vestis Corp. reported a net loss of $6.4 million, or 5 cents per share, for its fiscal first quarter of 2026. Adjusted earnings were 10 cents per share. The uniform and workplace supplies provider generated $663.4 million in revenue, falling short of the $665.1 million forecast by analysts.
Vestis Appoints Bowen Interim Chief Financial Officer
Vestis Corp. has announced that Kelly Janzen, its Executive Vice President and CFO, has departed. Adam K. Bowen, VP of financial planning and analysis, has been appointed as interim CFO. The company has engaged an executive search firm to find a permanent replacement while reaffirming its full-year 2026 financial guidance.
Vestis (VSTS) Q4 Earnings Report Preview: What To Look For
Vestis Corporation (NYSE:VSTS) is set to announce its Q4 earnings results this Tuesday. Analysts expect a 3% year-on-year revenue decline to $664.7 million and adjusted earnings of $0.07 per share. Despite generally underperforming in the business services & supplies segment, Vestis's stock is up 14.1% over the last month.
Ceera Investments LLC Has $3.71 Million Holdings in Vestis Corporation $VSTS
Ceera Investments LLC increased its stake in Vestis Corporation by 27.5% in Q3, now owning 818,951 shares valued at approximately $3.71 million. Recent insider activity shows significant buying from CEO James J. Barber and Director Keith A. Meister, yet analyst sentiment remains largely negative with a "Strong Sell" consensus rating and a target price of $5.70. Vestis Corporation provides uniform rentals and workplace supplies and reported Q3 earnings meeting analyst expectations with revenue up 4.1% year-over-year.
Vestis Corporation (NYSE:VSTS) Receives Consensus Rating of "Strong Sell" from Brokerages
Vestis Corporation (NYSE:VSTS) has received a consensus "Strong Sell" rating from brokerages, with an average 12-month price target of $5.70. This comes despite significant insider buying, including a large purchase by Director Keith A. Meister, and mixed Q1 results where EPS met estimates and revenue topped expectations, though the company reported a negative net margin. The stock is currently trading around $6.93, above the analyst target.
Calculating The Intrinsic Value Of Vestis Corporation (NYSE:VSTS)
Simply Wall St has calculated the intrinsic value of Vestis Corporation (NYSE:VSTS) to be US$6.17 using a 2-stage Free Cash Flow to Equity model, suggesting the stock, currently priced at US$6.94, is trading close to its fair value. The analysis relies on discounted future cash flows, with the Terminal Value calculation incorporating a 3.3% growth rate and a 9.6% cost of equity. Key assumptions, including the discount rate and future cash flows, significantly influence this valuation.
Vestis Corporation $VSTS Shares Sold by Y Intercept Hong Kong Ltd
Y Intercept Hong Kong Ltd significantly reduced its stake in Vestis Corporation (VSTS) by 71.7% in Q3, selling over 342,000 shares. Despite this institutional selling, Vestis saw insider buying from its CEO and a director, with insiders now owning 15.7% of the company. Analyst sentiment remains largely negative with a "Strong Sell" consensus and a target price of $5.70, even after the company reported better-than-expected revenue.
HALPER SADEH LLC ENCOURAGES VESTIS CORPORATION SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether officers and directors of Vestis Corporation (NYSE: VSTS) breached their fiduciary duties to shareholders. The firm encourages long-term Vestis shareholders to contact them to discuss potential corporate governance reforms, return of funds to the company, or other relief. Shareholder involvement is highlighted as crucial for improving company policies and enhancing shareholder value.
HALPER SADEH LLC ENCOURAGES VESTIS CORPORATION SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether officers and directors of Vestis Corporation (NYSE: VSTS) breached their fiduciary duties to shareholders. The firm encourages current, long-term Vestis stockholders to contact them to discuss potential legal actions, such as seeking corporate governance reforms or financial incentives. Halper Sadeh LLC works on a contingent fee basis, and shareholder involvement is highlighted as crucial for improving company policies and enhancing shareholder value.
HALPER SADEH LLC ENCOURAGES VESTIS CORPORATION SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Vestis Corporation (NYSE: VSTS) breached their fiduciary duties to shareholders. The firm encourages Vestis shareholders, especially long-term investors, to contact them to discuss potential legal options, which may include seeking corporate governance reforms or financial incentives. Shareholder participation is highlighted as a means to improve company policies and enhance shareholder value.
Vestis Announces Date for Fiscal First Quarter 2026 Results Conference Call and Webcast
Vestis (NYSE: VSTS) announced that it will release its fiscal first quarter 2026 results before market open on Tuesday, February 10, 2026. A conference call is scheduled for the same morning at 8:30 a.m. ET to discuss the financial results and conduct a Q&A session. A webcast and accompanying presentation materials will be available in the Investor Relations section of the company's website.
Vestis Announces Date for Fiscal First Quarter 2026 Results Conference Call and Webcast
Vestis (NYSE: VSTS) has announced that it will release its fiscal first quarter 2026 results before the market opens on Tuesday, February 10, 2026. A conference call and webcast will be held at 8:30 a.m. ET on the same day to discuss the financial results and host a Q&A session. Access details for the webcast and teleconference are provided for investors and interested parties.
Vestis Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Vestis Corporation - VSTS
Kahn Swick & Foti, LLC (KSF) has initiated an investigation into Vestis Corporation (NYSE: VSTS) and its officers and directors following a securities class action lawsuit. The lawsuit emerged after Vestis withdrew its revenue and growth guidance for fiscal year 2025 in May 2025, citing "lost business in excess of new business" and lower "adds over stops" with existing customers. KSF's investigation focuses on whether Vestis's leadership breached fiduciary duties or violated securities laws, inviting long-term shareholders to contact them.
Vestis Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Vestis Corporation - VSTS
Kahn Swick & Foti, LLC (KSF) has initiated an investigation into Vestis Corporation (NYSE: VSTS) and its officers and directors. This follows a securities class action lawsuit against Vestis after the company withdrew its fiscal year 2025 revenue and growth guidance and provided Q3 guidance significantly below market expectations in May 2025, citing "lost business" and "lower adds over stops." KSF's investigation aims to determine if Vestis' leadership breached fiduciary duties or violated securities laws, with outreach to long-term shareholders for potential legal action.
Vestis reports Q4 earnings miss, revenue falls short of estimates
Vestis (VSTS) reported a disappointing Q4 2023, missing earnings estimates with an adjusted EPS of $0.09 against an expected $0.18. The company's revenue also fell short at $352.0 million, compared to the estimated $356.98 million. Looking ahead, Vestis anticipates Q1 2024 revenues between $340-$350 million, below the $359 million consensus.
Vestis Faces Legal Scrutiny and Stock Struggles Amid Revenue Forecasts
Vestis Corporation's stock has dropped by 12.87% due to leadership reshuffle concerns and legal scrutiny over allegedly misleading financial guidance. The company faces a challenging fiscal year with modest to negative revenue forecasts, cautious EBITDA predictions, and a high debt-to-equity ratio. Despite some efficient cost management indicated by a 27.4% gross margin, investors remain wary, demanding strategic pivots and fortified corporate ethics to regain trust.
Is Vestis (NYSE:VSTS) Using Too Much Debt?
Vestis Corporation (NYSE:VSTS) has approximately US$1.13 billion in net debt and liabilities exceeding its cash and near-term receivables by US$1.85 billion. The company's interest cover is a low 0.90 times and its EBIT tanked 49% over the last year, suggesting high leverage and potential difficulty in servicing its debt. While its ability to convert EBIT to free cash flow is a positive, the overall balance sheet health indicates significant risk for investors.
Is Vestis (NYSE:VSTS) Using Too Much Debt?
Vestis Corporation (NYSE: VSTS) carries about US$1.16 billion in debt, with net debt around US$1.13 billion against US$29.7 million in cash. The company's total liabilities, exceeding cash and near-term receivables by US$1.85 billion, raise concerns about its balance sheet health. Although its net debt to EBITDA ratio is 5.0, a low interest cover of 0.90 times and a 49% drop in EBIT over the last year highlight the high leverage and potential risks for shareholders.
Vestis Corporation (NYSE:VSTS) Receives Consensus Recommendation of "Strong Sell" from Analysts
Vestis Corporation (NYSE: VSTS) has been assigned a consensus "Strong Sell" rating by analysts, with an average 1-year price target of $5.70, and Goldman Sachs recently downgraded the stock. Despite this, insiders, including CEO James Barber, have significantly increased their holdings, purchasing over 1.2 million shares in the last 90 days. The company's latest earnings met expectations with $0.03 EPS and beat on revenue at $712.01M, though it still reports a negative net margin and P/E ratio.
Goldman Sachs Downgrades Vestis (VSTS) to Sell, Price Target Lowered
Goldman Sachs has downgraded Vestis (VSTS) from "Neutral" to "Sell," lowering its price target to $5.30 from $6.30, a 15.87% decrease. This change in sentiment could significantly impact investor perception and the stock's performance. Vestis provides uniform rentals and workplace supplies across the US and Canada, with its average target price from seven analysts now standing at $6.06, suggesting a 5.08% downside from its current price.
Goldman Sachs downgrades Vestis stock to Sell on service issues, high debt
Goldman Sachs has downgraded Vestis Corp (NYSE:VSTS) from Neutral to Sell, lowering its price target to $5.30 due to persistent customer service quality issues and significant debt. The bank projects organic revenue declines for Vestis through 2026, contrasting sharply with better-performing peers. These issues are compounded by the recent earnings miss and a CFO transition.
Goldman Sachs downgrades Vestis stock to Sell on service issues, high debt
Goldman Sachs has downgraded Vestis Corp (NYSE:VSTS) from Neutral to Sell, lowering its price target to $5.30 due to persistent customer service issues and high debt. The investment bank anticipates prolonged organic revenue recovery, projecting declines through 2026, and highlights Vestis's significant net leverage of 4.72x. These financial and operational challenges are reflected in the company's recent missed earnings expectations and a "WEAK" financial health score from InvestingPro.
Short Interest in Vestis Corporation (NYSE:VSTS) Declines By 17.3%
Short interest in Vestis Corporation (NYSE:VSTS) fell by 17.3% in December to 13,026,026 shares, representing a short-interest ratio of 3.4 days. Despite significant insider buying, with Director Keith A. Meister and CEO James J. Barber acquiring a combined 882,589 shares, Wall Street analysts maintain a "Strong Sell" rating on the stock with an average price target of $5.95, while the company reported mixed Q4 2025 results. Vestis posted revenue growth of 4.1% but a negative net margin and PE ratio.
3 Unpopular Stocks We Steer Clear Of
This article identifies three stocks – Vestis (VSTS), Exact Sciences (EXAS), and Fortrea (FTRE) – that Wall Street analysts are bearish on due to various financial and operational challenges. The author explains the risks associated with each company, ranging from declining revenue and high debt to cash-burning tendencies and waning returns on capital. It also suggests exploring other "high-quality" investment opportunities.
3 Reasons to Sell VSTS and 1 Stock to Buy Instead
This article recommends selling Vestis Corp (VSTS) due to three main concerns: sluggish long-term revenue growth, a declining free cash flow margin, and high debt levels. Despite recent stock performance, the authors suggest the valuation is too optimistic and advise investors to seek better opportunities in other "high-quality" stocks, specifically mentioning a fast-growing restaurant franchise and companies from their curated list of market-beating stocks.
Seadrill, Vestis, Mastercraft Boat, and more stocks see action from activist investors
This article highlights several companies, including Seadrill, Vestis, and Mastercraft Boat, that have recently seen significant investor activity from activist investors. The increased involvement of these investors often signals potential changes in company strategy, management, or financial structure.
Vestis Corporation $VSTS Shares Sold by QSM Asset Management Ltd
QSM Asset Management Ltd significantly reduced its stake in Vestis Corporation by 42.9% in Q3, selling 228,823 shares, though substantial insider buying occurred with directors acquiring over 21,700 shares. Despite insider confidence, analysts maintain a "Strong Sell" rating with an average target price of $5.95, while the stock currently trades around $6.74. The company reported better-than-expected revenue of $712.01 million and met EPS estimates of $0.03 for the quarter.
Vestis (NYSE:VSTS) Shares Gap Up Following Insider Buying Activity
Vestis (NYSE:VSTS) shares gapped up following disclosed insider buying activity, with directors Douglas A. Pertz and Keith A. Meister acquiring significant shares. Despite this, analyst sentiment remains largely negative, with a "Strong Sell" aggregate rating and an average price target below current trading levels. The company reported mixed third-quarter financial results, meeting EPS estimates but still operating with a negative net margin.
Vestis (NYSE:VSTS) Director Acquires $103,500.00 in Stock
Vestis (NYSE:VSTS) Director Douglas Pertz recently acquired 15,000 shares of the company's stock for $103,500, increasing his direct holding to 322,010 shares. This transaction occurred after Vestis reported inline quarterly EPS and revenue that exceeded expectations, resulting in a 4.1% stock increase. Despite a "Strong Sell" consensus rating from analysts, institutional investors hold a significant portion of the company's stock, with some increasing their positions.
