Analysts Anticipate Aramark (ARMK) Will Announce Earnings of $0.47 Per Share

Wall Street analysts expect Aramark (NYSE:ARMK) to report earnings per share (EPS) of $0.47 for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Aramark’s earnings, with estimates ranging from $0.45 to $0.50. Aramark posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The company is expected to issue its next earnings report on Tuesday, May 8th.

On average, analysts expect that Aramark will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.30. For the next fiscal year, analysts anticipate that the business will report earnings of $2.51 per share, with EPS estimates ranging from $2.37 to $2.70. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Aramark.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Aramark had a return on equity of 18.68% and a net margin of 3.65%. Aramark’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.

Several brokerages recently issued reports on ARMK. Royal Bank of Canada reaffirmed a “buy” rating and set a $50.00 price objective on shares of Aramark in a report on Wednesday, February 7th. Morgan Stanley raised their price target on Aramark from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Credit Suisse Group reissued an “outperform” rating and set a $50.00 price target on shares of Aramark in a research report on Wednesday, January 24th. Barclays raised their price target on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Saturday, December 30th. Finally, Stifel Nicolaus initiated coverage on Aramark in a research report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.00.

Shares of Aramark (ARMK) traded down $0.11 during mid-day trading on Friday, reaching $41.87. The company had a trading volume of 182,145 shares, compared to its average volume of 1,379,198. The firm has a market capitalization of $10,320.01, a PE ratio of 19.53, a PEG ratio of 1.76 and a beta of 0.51. Aramark has a 52-week low of $35.54 and a 52-week high of $46.09. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, February 13th. Aramark’s payout ratio is 19.53%.

Large investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Aramark by 19.0% in the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after purchasing an additional 483 shares during the period. Cerebellum GP LLC purchased a new stake in shares of Aramark in the fourth quarter valued at $127,000. Advisor Group Inc. grew its position in shares of Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock valued at $136,000 after purchasing an additional 1,542 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Aramark by 91.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock valued at $147,000 after purchasing an additional 1,650 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Aramark by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock valued at $169,000 after purchasing an additional 1,401 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

WARNING: “Analysts Anticipate Aramark (ARMK) Will Announce Earnings of $0.47 Per Share” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/02/20/analysts-anticipate-aramark-armk-will-announce-earnings-of-0-47-per-share.html.

About Aramark

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).

Get a free copy of the Zacks research report on Aramark (ARMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply