Brokerages expect Aramark (NYSE:ARMK) to report sales of $3.87 billion for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Aramark’s earnings, with estimates ranging from $3.82 billion to $3.91 billion. Aramark posted sales of $3.74 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that Aramark will report full-year sales of $3.87 billion for the current year, with estimates ranging from $15.01 billion to $15.65 billion. For the next financial year, analysts forecast that the company will report sales of $15.66 billion per share, with estimates ranging from $15.34 billion to $16.46 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Aramark.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.
Several analysts have weighed in on the company. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Nomura increased their price objective on Aramark from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Barclays reaffirmed a “hold” rating and set a $45.00 price objective on shares of Aramark in a research note on Thursday, October 19th. Stifel Nicolaus initiated coverage on Aramark in a research note on Tuesday, December 19th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Zacks Investment Research lowered Aramark from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Aramark has an average rating of “Buy” and an average target price of $45.86.
Shares of Aramark (NYSE:ARMK) opened at $42.74 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. The firm has a market capitalization of $10,543.00, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.47. Aramark has a twelve month low of $32.87 and a twelve month high of $44.12.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Monday, November 27th were given a $0.105 dividend. This is a positive change from Aramark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.42 annualized dividend and a dividend yield of 0.98%. Aramark’s dividend payout ratio (DPR) is presently 28.19%.
In related news, Director Sanjeev K. Mehra acquired 19,640 shares of Aramark stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $40.75 per share, for a total transaction of $800,330.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Aramark by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,876,655 shares of the company’s stock valued at $814,546,000 after buying an additional 507,262 shares during the last quarter. FMR LLC lifted its stake in shares of Aramark by 3.3% in the 2nd quarter. FMR LLC now owns 13,215,194 shares of the company’s stock valued at $541,558,000 after purchasing an additional 421,291 shares during the period. BlackRock Inc. lifted its stake in shares of Aramark by 1.4% in the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after purchasing an additional 174,494 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in shares of Aramark by 0.5% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 9,981,130 shares of the company’s stock valued at $405,334,000 after purchasing an additional 49,737 shares during the period. Finally, State Street Corp lifted its stake in shares of Aramark by 5.3% in the 2nd quarter. State Street Corp now owns 4,684,792 shares of the company’s stock valued at $191,980,000 after purchasing an additional 237,320 shares during the period. 95.46% of the stock is currently owned by institutional investors.
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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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