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Equity research analysts predict that Aramark (NYSE: ARMK) will report earnings of $ 0.20 per share for the current fiscal quarter, Zacks investment research reports. Three analysts provided earnings estimates for Aramark. The lowest EPS estimate is $ 0.18 and the highest is $ 0.21. Aramark reported earnings per share of ($ 0.35) for the same quarter last year, suggesting a positive year-over-year growth rate of 157.1%. The company is expected to announce its next quarterly earnings report on Tuesday, November 16.
On average, analysts expect Aramark to report annual earnings of ($ 0.32) per share for the current year, with EPS estimates ranging from ($ 0.34) to ($ 0.30). For the next fiscal year, analysts predict the company will post earnings of $ 1.82 per share, with EPS estimates ranging from $ 1.50 to $ 2.03. Zacks earnings per share averages are an average based on a survey of seller-side research companies that cover Aramark.
Aramark (NYSE: ARMK) last reported its quarterly results on Monday, August 9. The company reported earnings per share (EPS) of $ 0.02 for the quarter, reaching the consensus estimate of $ 0.02. Aramark had a negative net margin of 2.45% and a negative return on equity of 8.24%. The company posted revenue of $ 2.98 billion in the quarter, compared to $ 3.07 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS ($ 0.69). Aramark’s revenues increased 38.5% compared to the same quarter last year.
Several analysts recently weighed on ARMK stocks. Redburn Partners began covering Aramark shares in a research note on Friday, September 10. They issued a “buy†note for the company. Bank Berenberg raised Aramark’s shares to a “conservation†rating and set a price target of $ 36.00 for the company in a research note on Thursday, June 3. Barclays downgraded Aramark’s stock from an “equal weight” to an “underweight” rating and lowered its price target for the company from $ 35 to $ 32.00 in a research note on Friday September 17. Ultimately, Zacks investment research Reduces Aramark’s stock from a “buy†note to a “keep†note in a research note on Tuesday, August 10. One investment analyst rated the stock with a sell rating, six assigned a conservation rating, and three assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average “Hold†rating and a consensus target price of $ 34.22.
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A number of institutional investors have recently increased or reduced their holdings in ARMK. Victory Capital Management Inc. increased its stake in Aramark by 17.6% during the 1st quarter. Victory Capital Management Inc. now owns 293,222 shares of the company valued at $ 11,078,000 after purchasing an additional 43,986 shares in the last quarter. Commerce Bank increased its stake in Aramark by 12.9% in the 1st quarter. Commerce Bank now owns 11,374 shares of the company valued at $ 429,000 after purchasing an additional 1,301 shares in the last quarter. Rhumbline Advisers increased its stake in Aramark shares by 0.3% in the 1st quarter. Rhumbline Advisers now owns 249,960 shares of the company valued at $ 9,443,000 after purchasing an additional 809 shares in the last quarter. The Arizona State Retirement System increased its holdings of Aramark shares by 0.6% in the 1st quarter. Arizona State Retirement System now owns 65,687 shares of the company valued at $ 2,482,000 after purchasing an additional 400 shares in the last quarter. Finally, the Swiss National Bank increased its stake in Aramark shares by 1.9% in the first quarter. The Swiss National Bank now owns 875,275 shares of the company valued at $ 33,068,000 after purchasing an additional 16,300 shares in the last quarter.
NYSE ARMK traded up $ 0.49 during trading hours on Wednesday, reaching $ 32.00. 44,447 shares of the company were traded in the hands, compared to its average volume of 1,913,649. Aramark has a 52-week low of $ 25.30 and a 52-week high of $ 43.12. The company has a market cap of $ 8.17 billion, a PE ratio of -29.68 and a beta of 1.95. The company has a debt ratio of 2.83, a current ratio of 1.12, and a quick ratio of 0.95. The company’s 50-day moving average is $ 34.15 and its 200-day moving average is $ 36.78.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 8. Shareholders of record on Wednesday August 25 received a dividend of $ 0.11. The ex-dividend date was Tuesday, August 24. This represents an annualized dividend of $ 0.44 and a dividend yield of 1.38%. Aramark’s dividend payout ratio is currently -258.82%.
Aramark Company Profile
Aramark engages in the provision of food, facilities and uniform services. It operates through the following segments: Food and Support Services in the United States (FSS United States); Food and Support Services International (FSS International); and Uniform. The FSS United States segment provides food, hospitality and facilities services for school districts, colleges and universities, healthcare facilities, businesses, sports, entertainment and recreation venues, centers conference and convention centers, national and state parks and correctional facilities.
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