Wall Street analysts forecast that Aramark (NYSE:ARMK) will report earnings per share (EPS) of $0.56 for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Aramark’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.58. Aramark reported earnings per share of $0.55 in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The business is expected to issue its next earnings results on Tuesday, February 6th.

On average, analysts expect that Aramark will report full year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.20. For the next financial year, analysts anticipate that the business will post earnings of $2.39 per share, with EPS estimates ranging from $2.32 to $2.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Aramark.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Aramark had a net margin of 2.56% and a return on equity of 19.29%. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the company earned $0.49 earnings per share. Aramark’s revenue for the quarter was up 3.1% on a year-over-year basis.

A number of brokerages have recently weighed in on ARMK. Zacks Investment Research upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Nomura reduced their price objective on shares of Aramark from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Barclays restated a “hold” rating and issued a $45.00 price objective on shares of Aramark in a research note on Thursday, October 19th. BidaskClub upgraded shares of Aramark from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada upped their target price on shares of Aramark from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.83.

In related news, Director Sanjeev K. Mehra bought 19,640 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $40.75 per share, for a total transaction of $800,330.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. AXA raised its stake in shares of Aramark by 6.9% in the 3rd quarter. AXA now owns 800,600 shares of the company’s stock valued at $32,512,000 after buying an additional 52,000 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Aramark by 1.1% in the 3rd quarter. Crestwood Advisors Group LLC now owns 386,921 shares of the company’s stock valued at $15,713,000 after buying an additional 4,031 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Aramark in the 3rd quarter valued at $663,000. IFM Investors Pty Ltd acquired a new position in shares of Aramark in the 3rd quarter valued at $275,000. Finally, Independent Advisor Alliance acquired a new position in shares of Aramark in the 3rd quarter valued at $340,000. Institutional investors own 95.68% of the company’s stock.

Shares of Aramark (ARMK) traded up $0.15 during trading on Monday, hitting $42.69. 949,300 shares of the stock were exchanged, compared to its average volume of 1,373,609. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.12 and a quick ratio of 0.86. Aramark has a twelve month low of $32.87 and a twelve month high of $44.12. The firm has a market capitalization of $10,460.71, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.47.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Monday, November 27th were paid a dividend of $0.105 per share. This is a boost from Aramark’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, November 24th. Aramark’s dividend payout ratio is presently 28.19%.

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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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