ARAMARK Holdings Corp PT Raised to $31.00 at RBC Capital (ARMK)
Analysts at RBC Capital hoisted their price target on shares of ARAMARK Holdings Corp (NASDAQ:ARMK) from $30.00 to $31.00 in a research report issued to clients and investors on Friday, AR Network reports. RBC Capital’s price target would indicate a potential upside of 15.80% from the stock’s previous close.
ARAMARK Holdings Corp (NASDAQ:ARMK) traded up 0.15% during mid-day trading on Friday, hitting $26.81. 38,882 shares of the company’s stock traded hands. ARAMARK Holdings Corp has a one year low of $20.10 and a one year high of $29.98. The stock has a 50-day moving average of $28.13 and a 200-day moving average of $26.81. The company has a market cap of $6.172 billion and a P/E ratio of 55.77.
ARAMARK Holdings Corp (NASDAQ:ARMK) last released its earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.53 million. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that ARAMARK Holdings Corp will post $1.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 9th. Stockholders of record on Monday, May 19th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, May 15th.
ARAMARK Holdings Corporation is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients.
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