Insider Selling: Douglas A. Milroy Sells 16,400 Shares of G & K Services Inc. Shs -A- Stock (GK)
G & K Services Inc. Shs -A- (NYSE:GK) CEO Douglas A. Milroy sold 16,400 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $63.48, for a total value of $1,041,072.00. Following the sale, the chief executive officer now directly owns 265,343 shares of the company’s stock, valued at approximately $16,843,974. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of G & K Services Inc. Shs -A- (NYSE:GK) traded down 0.51% during mid-day trading on Thursday, hitting $64.25. The stock had a trading volume of 52,474 shares. G & K Services Inc. Shs -A- has a 1-year low of $35.18 and a 1-year high of $65.36. The stock’s 50-day moving average is $61.39 and its 200-day moving average is $57.55. The company has a market cap of $1.273 billion and a price-to-earnings ratio of 26.34.
G & K Services Inc. Shs -A- (NYSE:GK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that G & K Services Inc. Shs -A- will post $2.93 EPS for the current fiscal year.
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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