Wall Street analysts expect Aramark (NYSE:ARMK) to post $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Aramark’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.39. Aramark reported earnings per share of $0.30 during the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The firm is scheduled to report its next earnings report on Wednesday, August 9th.
According to Zacks, analysts expect that Aramark will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.78. For the next financial year, analysts anticipate that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.95 to $2.03. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Aramark.
Aramark (NYSE:ARMK) last posted its earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.63 billion. Aramark had a return on equity of 12.56% and a net margin of 1.94%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS.
A number of research analysts recently issued reports on ARMK shares. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Goldman Sachs Group Inc upgraded shares of Aramark from a “buy” rating to a “conviction-buy” rating and set a $44.00 target price for the company in a research report on Thursday, March 2nd. Finally, Deutsche Bank AG started coverage on shares of Aramark in a research report on Wednesday, February 22nd. They set a “buy” rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Aramark has a consensus rating of “Buy” and a consensus target price of $42.70.
Aramark (NYSE ARMK) traded up 0.17% during mid-day trading on Thursday, hitting $41.09. The company had a trading volume of 2,238,348 shares. Aramark has a 1-year low of $31.38 and a 1-year high of $41.24. The firm has a market capitalization of $10.03 billion, a PE ratio of 31.56 and a beta of 0.50. The company has a 50 day moving average of $38.05 and a 200 day moving average of $36.30.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Wednesday, May 17th were issued a $0.103 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.41 annualized dividend and a dividend yield of 1.00%. Aramark’s dividend payout ratio is currently 31.78%.
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In other news, EVP Lynn Mckee sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $38.61, for a total value of $3,861,000.00. Following the transaction, the executive vice president now directly owns 304,736 shares in the company, valued at approximately $11,765,856.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James J. Tarangelo sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $37.15, for a total transaction of $111,450.00. Following the completion of the transaction, the vice president now owns 2,871 shares in the company, valued at $106,657.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,629 shares of company stock worth $5,618,413. Company insiders own 2.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ARMK. Israel Discount Bank of New York GFN acquired a new stake in Aramark during the fourth quarter worth about $102,000. Israel Discount Bank of New York purchased a new stake in shares of Aramark during the first quarter worth $103,000. FNY Managed Accounts LLC purchased a new stake in shares of Aramark during the first quarter worth $110,000. Seven Eight Capital LP purchased a new stake in shares of Aramark during the fourth quarter worth $142,000. Finally, Pacer Advisors Inc. raised its stake in shares of Aramark by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,497 shares of the company’s stock worth $166,000 after buying an additional 143 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.
Aramark Company Profile
Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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