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.
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%.
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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