ARAMARK Holdings Corp Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:ARMK)
ARAMARK Holdings Corp (NASDAQ:ARMK) has been given a consensus rating of “Buy” by the nine analysts that are covering the stock, American Banking and Market News reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $30.71.
ARAMARK Holdings Corp (NASDAQ:ARMK) traded down 0.45% during mid-day trading on Tuesday, hitting $26.45. The stock had a trading volume of 132,976 shares. 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 $26.70 and a 200-day moving average of $27.14. The company has a market cap of $6.115 billion and a P/E ratio of 46.53.
ARAMARK Holdings Corp (NASDAQ:ARMK) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.10. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $101.72 million. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that ARAMARK Holdings Corp will post $1.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Tuesday, August 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 Friday, August 15th.
Separately, analysts at RBC Capital raised their price target on shares of ARAMARK Holdings Corp from $31.00 to $32.00 in a research note on Tuesday. They now have an “outperform” rating on the stock.
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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