Aramark (NYSE:ARMK) Issues Earnings Results

Aramark (NYSE:ARMK) released its earnings results on Tuesday. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01), Briefing.com reports. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Aramark had a net margin of 3.33% and a return on equity of 17.39%. The firm’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share.

Shares of ARMK stock traded down $0.85 during trading on Wednesday, reaching $44.27. 313,002 shares of the company’s stock traded hands, compared to its average volume of 3,118,931. The company has a market capitalization of $10.78 billion, a P/E ratio of 22.24, a PEG ratio of 2.27 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19. The firm’s 50-day moving average is $43.64 and its 200 day moving average is $38.35. Aramark has a 1 year low of $25.49 and a 1 year high of $45.69.

A number of research firms have weighed in on ARMK. Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada set a $49.00 target price on shares of Aramark and gave the company a “buy” rating in a research note on Monday, August 26th. Nomura upgraded shares of Aramark from a “neutral” rating to a “buy” rating and boosted their target price for the company from $28.00 to $50.00 in a research note on Monday, August 19th. Morgan Stanley boosted their target price on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus upgraded shares of Aramark from a “hold” rating to a “buy” rating and boosted their target price for the company from $36.00 to $49.00 in a research note on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Aramark has a consensus rating of “Buy” and an average target price of $45.27.

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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