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.
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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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