Aramark (NYSE:ARMK) Announces Quarterly Earnings Results

Aramark (NYSE:ARMK) issued its quarterly earnings results on Monday. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54, Briefing.com reports. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. Aramark updated its FY 2025 guidance to 1.910-1.980 EPS.

Aramark Stock Down 0.1 %

Shares of NYSE ARMK traded down $0.04 during trading on Wednesday, reaching $37.98. 431,897 shares of the stock were exchanged, compared to its average volume of 2,214,725. Aramark has a twelve month low of $25.92 and a twelve month high of $42.04. The company has a quick ratio of 0.86, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 38.41 and a beta of 1.62. The business’s 50-day moving average price is $38.15 and its 200 day moving average price is $35.10.

Aramark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be given a dividend of $0.001 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.00 dividend on an annualized basis and a yield of 0.01%. Aramark’s dividend payout ratio (DPR) is 38.38%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Robert W. Baird boosted their price target on Aramark from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday. Truist Financial increased their target price on Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $36.00 to $42.50 in a research report on Tuesday, September 17th. Finally, StockNews.com upgraded Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.23.

Aramark Company Profile

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.