G & K Services Inc. Shs -A- (GK) Issues FY14 Earnings Guidance
G & K Services Inc. Shs -A- (NYSE:GK) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.80-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90, AnalystRatings.Net reports. The company issued revenue guidance of $930-950 million, compared to the consensus revenue estimate of $943.61 million.
Several analysts have recently commented on the stock. Analysts at Sidoti downgraded shares of G & K Services Inc. Shs -A- from a buy rating to a neutral rating in a research note to investors on Monday, October 7th. Analysts at Barrington Research reiterated an outperform rating on shares of G & K Services Inc. Shs -A- in a research note to investors on Monday, August 19th. They now have a $59.00 price target on the stock, up previously from $53.00.
G & K Services Inc. Shs -A- (NYSE:GK) opened at 63.23 on Tuesday. G & K Services Inc. Shs -A- has a one year low of $29.80 and a one year high of $55.58. The stock has a 50-day moving average of $53.49 and a 200-day moving average of $48.60. The company has a market cap of $1.245 billion and a price-to-earnings ratio of 26.57.
G & K Services Inc. Shs -A- (NYSE:GK) last announced its earnings results on Tuesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $230.92 million. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that G & K Services Inc. Shs -A- will post $2.90 EPS for the current fiscal year.
In other G & K Services Inc. Shs -A- news, CEO Douglas A. Milroy sold 8,200 shares of the stock on the open market in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $63.00, for a total value of $516,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
G&K Services, Inc, provides branded uniform and facility services programs. The Company serves a base of approximately 165,000 customers.
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