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.
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%.
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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