Aramark (NYSE:ARMK – Get Rating) announced its quarterly earnings data on Tuesday. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49, Yahoo Finance reports. Aramark had a return on equity of 10.70% and a net margin of 1.19%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year.
Aramark Stock Down 0.1 %
ARMK stock opened at $40.50 on Thursday. Aramark has a 1-year low of $28.74 and a 1-year high of $41.20. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 53.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.66. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 2.77. The company’s 50 day moving average is $35.46 and its 200 day moving average is $34.18.
Aramark Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Tuesday, November 22nd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, November 21st. Aramark’s payout ratio is 57.90%.
Institutional Trading of Aramark
Analyst Ratings Changes
ARMK has been the subject of a number of recent analyst reports. TheStreet raised shares of Aramark from a “c” rating to a “b-” rating in a research report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a $36.00 price objective on shares of Aramark in a research report on Tuesday, October 25th. StockNews.com started coverage on Aramark in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley boosted their price target on shares of Aramark from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada raised their price objective on shares of Aramark from $38.00 to $45.00 in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $41.67.
Aramark Company Profile
Aramark engages in the provision of food, facilities, and uniform services. It operates through the following segments: Food and Support Services United States (FSS United States), Food and Support Services International (FSS International), and Uniform. The FSS United States segment offers food, hospitality and facility services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreational venues, conference and convention centers, national and state parks, and correctional institutions.
- Get a free copy of the StockNews.com research report on Aramark (ARMK)
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