ARAMARK Holdings Corp Given Average Recommendation of “Buy” by Analysts (NASDAQ:ARMK)
ARAMARK Holdings Corp (NASDAQ:ARMK) has received an average rating of “Buy” from the nine brokerages that are covering the stock, Stock Ratings News reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $30.71.
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.
Shares of ARAMARK Holdings Corp (NASDAQ:ARMK) opened at 26.50 on Tuesday. ARAMARK Holdings Corp has a 1-year low of $20.10 and a 1-year high of $29.98. The stock has a 50-day moving average of $26.82 and a 200-day moving average of $27.17. The company has a market cap of $6.177 billion and a price-to-earnings ratio of 42.21.
ARAMARK Holdings Corp (NASDAQ:ARMK) last released its earnings data on Monday, August 11th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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. ARAMARK Holdings Corp’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that ARAMARK Holdings Corp will post $1.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, August 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.