G & K Services (GK) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS
G & K Services (NYSE:GK) announced its earnings results on Thursday. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $219.40 million for the quarter, compared to the consensus estimate of $227.28 million.
G & K Services (NYSE:GK) opened at 49.63 on Thursday. G & K Services has a 1-year low of $47.40 and a 1-year high of $65.36. The stock has a 50-day moving average of $50.5 and a 200-day moving average of $55.49. The company has a market cap of $990.1 million and a price-to-earnings ratio of 24.97.
A number of analysts have recently weighed in on GK shares. Analysts at KeyCorp reiterated a “buy” rating on shares of G & K Services in a research note on Tuesday, June 24th. They now have a $63.00 price target on the stock, down previously from $68.00. Analysts at Sidoti upgraded shares of G & K Services from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.50.
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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