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.
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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