$0.60 Earnings Per Share Expected for Aramark (NYSE:ARMK) This Quarter

Wall Street brokerages expect Aramark (NYSE:ARMK) to post earnings of $0.60 per share for the current quarter, according to Zacks. Twelve analysts have issued estimates for Aramark’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.67. Aramark reported earnings per share of $0.63 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Aramark will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.27 to $2.44. For the next fiscal year, analysts expect that the company will post earnings of $2.61 per share, with EPS estimates ranging from $2.46 to $2.73. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Aramark.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.01). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.94 billion. Aramark had a net margin of 2.76% and a return on equity of 17.27%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS.

ARMK has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Aramark from $35.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, September 19th. They noted that the move was a valuation call. Nomura upgraded shares of Aramark from a “neutral” rating to a “buy” rating and lifted their price target for the company from $28.00 to $50.00 in a report on Monday, August 19th. Morgan Stanley lifted their price target on shares of Aramark from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Royal Bank of Canada set a $49.00 price target on shares of Aramark and gave the company a “buy” rating in a report on Monday, August 26th. Finally, Robert W. Baird lifted their price target on shares of Aramark from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Aramark has an average rating of “Buy” and an average price target of $45.58.

In other Aramark news, EVP Lynn Mckee sold 225,340 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $44.11, for a total value of $9,939,747.40. Following the transaction, the executive vice president now owns 432,955 shares in the company, valued at approximately $19,097,645.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John J. Zillmer acquired 35,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of $42.68 per share, for a total transaction of $1,493,800.00. Following the acquisition, the chief executive officer now directly owns 201,030 shares in the company, valued at $8,579,960.40. The disclosure for this purchase can be found here. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc lifted its holdings in Aramark by 18.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,807 shares of the company’s stock worth $79,000 after buying an additional 277 shares in the last quarter. Putnam FL Investment Management Co. lifted its holdings in Aramark by 1.4% in the 2nd quarter. Putnam FL Investment Management Co. now owns 20,830 shares of the company’s stock worth $751,000 after buying an additional 282 shares in the last quarter. Squar Milner Financial Services LLC lifted its holdings in Aramark by 8.4% in the 2nd quarter. Squar Milner Financial Services LLC now owns 3,712 shares of the company’s stock worth $134,000 after buying an additional 288 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aramark by 0.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,655 shares of the company’s stock worth $1,772,000 after buying an additional 367 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Aramark by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 83,586 shares of the company’s stock worth $3,643,000 after buying an additional 404 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Shares of ARMK traded up $0.34 during mid-day trading on Tuesday, reaching $42.62. The company had a trading volume of 992,864 shares, compared to its average volume of 3,150,185. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.18 and a beta of 0.87. The firm has a fifty day simple moving average of $43.50 and a 200-day simple moving average of $39.61. Aramark has a fifty-two week low of $25.49 and a fifty-two week high of $45.69. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 1.99.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Friday, November 29th. This represents a $0.44 annualized dividend and a dividend yield of 1.03%. Aramark’s payout ratio is 19.64%.

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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