$0.56 Earnings Per Share Expected for Aramark (ARMK) This Quarter
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.
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%.
WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/11/0-56-earnings-per-share-expected-for-aramark-armk-this-quarter.html.
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).
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.