Aramark (NYSE:ARMK) is set to issue its quarterly earnings data before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of ($0.68) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, May 5th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Aramark had a return on equity of 15.52% and a net margin of 0.70%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, analysts expect Aramark to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
ARMK stock opened at $21.12 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.59 and a debt-to-equity ratio of 2.48. The business’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $28.77. Aramark has a twelve month low of $9.65 and a twelve month high of $47.22. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 48.00, a PEG ratio of 12.00 and a beta of 1.64.
In other news, CFO Thomas Gerard Ondrof acquired 10,000 shares of Aramark stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $24.99 per share, for a total transaction of $249,900.00. Following the completion of the purchase, the chief financial officer now directly owns 27,709 shares in the company, valued at approximately $692,447.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keith Bethel sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $28.02, for a total value of $140,100.00. Following the completion of the transaction, the insider now owns 50,837 shares of the company’s stock, valued at $1,424,452.74. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
ARMK has been the topic of a number of recent research reports. Sanford C. Bernstein downgraded Aramark from an “outperform” rating to a “market perform” rating and set a $34.00 price target on the stock. in a research report on Wednesday, June 10th. Citigroup dropped their price target on Aramark from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Robert W. Baird dropped their price target on Aramark from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Oppenheimer reissued a “buy” rating and set a $30.00 price target on shares of Aramark in a research report on Wednesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.38.
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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