Zacks: Analysts Expect Aramark (ARMK) Will Announce Earnings of $0.64 Per Share

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Equities research analysts expect Aramark (NYSE:ARMK) to report earnings per share of $0.64 for the current quarter, Zacks reports. Eleven analysts have made estimates for Aramark’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.56. Aramark posted earnings of $0.59 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The business is expected to report its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that Aramark will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.28 to $2.60. For the next financial year, analysts forecast that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.70 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Aramark.

Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Aramark had a return on equity of 17.76% and a net margin of 3.60%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company earned $0.54 earnings per share. Aramark’s revenue was up 7.1% compared to the same quarter last year.

Several brokerages have weighed in on ARMK. Zacks Investment Research lowered Aramark from a “hold” rating to a “sell” rating in a report on Thursday, November 29th. ValuEngine raised Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Royal Bank of Canada began coverage on Aramark in a report on Monday, November 19th. They set an “outperform” rating and a $47.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price objective on shares of Aramark in a report on Sunday, November 18th. Finally, Nomura reduced their price objective on Aramark from $50.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Aramark presently has a consensus rating of “Buy” and a consensus target price of $47.30.

Large investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of Aramark by 985.5% during the third quarter. IFP Advisors Inc now owns 2,399 shares of the company’s stock worth $103,000 after acquiring an additional 2,178 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Aramark in the second quarter worth $161,000. Captrust Financial Advisors raised its position in shares of Aramark by 236.4% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $190,000 after buying an additional 3,101 shares in the last quarter. Asset Management Group Inc. purchased a new stake in shares of Aramark in the third quarter worth $201,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Aramark by 49.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock worth $191,000 after buying an additional 1,690 shares in the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

NYSE ARMK traded down $1.19 on Friday, hitting $36.46. 2,881,142 shares of the stock traded hands, compared to its average volume of 4,059,055. Aramark has a 12 month low of $33.98 and a 12 month high of $46.09. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 2.38.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 6th. Shareholders of record on Monday, November 26th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. This is an increase from Aramark’s previous quarterly dividend of $0.11. Aramark’s dividend payout ratio is currently 22.11%.

About Aramark

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

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