Aramark (ARMK) Scheduled to Post Quarterly Earnings on Tuesday

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.

About Aramark

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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Earnings History for Aramark (NYSE:ARMK)

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