Wall Street analysts expect Aramark (NYSE:ARMK) to announce earnings per share of $0.56 for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Aramark’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.55. Aramark posted earnings per share of $0.49 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 14th.

On average, analysts expect that Aramark will report full-year earnings of $1.95 per share for the current year, with EPS estimates ranging from $1.84 to $1.98. For the next financial year, analysts anticipate that the company will report earnings of $2.18 per share, with EPS estimates ranging from $2.03 to $2.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Aramark.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The firm had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis.

Several research analysts have recently commented on the company. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Nomura boosted their price target on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating on shares of Aramark in a research report on Thursday, October 5th. Morgan Stanley boosted their price target on Aramark from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Finally, Barclays PLC reissued a “hold” rating and issued a $45.00 price target on shares of Aramark in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $45.17.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Aramark by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 19,876,655 shares of the company’s stock valued at $814,546,000 after purchasing an additional 507,262 shares during the last quarter. FMR LLC grew its stake in Aramark by 3.3% during the 2nd quarter. FMR LLC now owns 13,215,194 shares of the company’s stock valued at $541,558,000 after purchasing an additional 421,291 shares during the last quarter. BlackRock Inc. grew its stake in Aramark by 1.4% during the 2nd quarter. BlackRock Inc. now owns 12,627,800 shares of the company’s stock valued at $517,486,000 after purchasing an additional 174,494 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in Aramark by 25.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 9,931,393 shares of the company’s stock valued at $406,989,000 after purchasing an additional 1,997,607 shares during the last quarter. Finally, State Street Corp grew its stake in Aramark by 5.3% during the 2nd quarter. State Street Corp now owns 4,684,792 shares of the company’s stock valued at $191,980,000 after purchasing an additional 237,320 shares during the last quarter. Institutional investors and hedge funds own 94.43% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Zacks: Brokerages Anticipate Aramark (ARMK) to Announce $0.56 Earnings Per Share” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/04/zacks-brokerages-anticipate-aramark-armk-to-announce-0-56-earnings-per-share.html.

Shares of Aramark (NYSE:ARMK) traded up $0.25 during midday trading on Friday, hitting $43.75. 652,981 shares of the company’s stock were exchanged, compared to its average volume of 1,030,000. Aramark has a one year low of $32.73 and a one year high of $44.12. The company has a market capitalization of $10,720.00, a P/E ratio of 25.15, a PEG ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30.

Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Get a free copy of the Zacks research report on Aramark (ARMK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.