ARAMARK Holdings Corp’s Lock-Up Period Will Expire Tomorrow (NASDAQ:ARMK)
ARAMARK Holdings Corp’s (NASDAQ:ARMK) lock-up period is set to expire on Tuesday, June 10th. ARAMARK Holdings Corp had issued 36,250,000 shares in its public offering on December 12th, ARN reports. The total size of the offering was $725,000,000 based on an initial share price of $20.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ARAMARK Holdings Corp in a research note on Friday, May 9th. They now have a $31.00 price target on the stock, up previously from $30.00. Analysts at RBC Capital raised their price target on shares of ARAMARK Holdings Corp from $30.00 to $31.00 in a research note on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.57.
ARAMARK Holdings Corp (NASDAQ:ARMK) traded down 0.11% on Monday, hitting $26.73. 96,315 shares of the company’s stock traded hands. ARAMARK Holdings Corp has a 52 week low of $20.10 and a 52 week high of $29.98. The stock has a 50-day moving average of $27.20 and a 200-day moving average of $26.78. The company has a market cap of $6.179 billion and a price-to-earnings ratio of 46.87.
ARAMARK Holdings Corp (NASDAQ:ARMK) last announced its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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. ARAMARK Holdings Corp’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that ARAMARK Holdings Corp will post $1.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Investors of record on Monday, May 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.12%. The ex-dividend date 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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