Zacks: Brokerages Anticipate Aramark (ARMK) to Announce $0.56 Earnings Per Share
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.
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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).
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