Aramark (NYSE:ARMK) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.96.
Several brokerages recently commented on ARMK. BidaskClub cut Aramark from a sell rating to a strong sell rating in a research report on Saturday, August 12th. Nomura restated a buy rating and issued a $45.00 target price (up from $43.00) on shares of Aramark in a report on Wednesday, August 9th. Morgan Stanley upped their target price on Aramark from $39.00 to $40.00 and gave the company an equal weight rating in a report on Thursday, August 10th. Zacks Investment Research cut Aramark from a buy rating to a hold rating in a report on Tuesday, May 9th. Finally, Barclays PLC upped their target price on Aramark from $37.00 to $39.00 and gave the company an equal weight rating in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $43.00.
Shares of Aramark (NYSE ARMK) traded up 0.44% during trading on Friday, hitting $39.08. The stock had a trading volume of 1,323,186 shares. The company has a market cap of $9.58 billion, a PE ratio of 28.32 and a beta of 0.48. The stock’s 50 day moving average is $40.05 and its 200-day moving average is $37.83. Aramark has a 12-month low of $32.73 and a 12-month high of $41.72.
Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts forecast that Aramark will post $1.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Wednesday, August 16th will be given a $0.103 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, August 14th. Aramark’s dividend payout ratio is currently 29.93%.
In related news, SVP Brian P. Pressler sold 10,629 shares of Aramark stock in a transaction on Friday, June 16th. The stock was sold at an average price of $40.80, for a total value of $433,663.20. Following the transaction, the senior vice president now owns 14,285 shares in the company, valued at $582,828. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James J. Tarangelo sold 3,000 shares of Aramark stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $37.15, for a total value of $111,450.00. Following the completion of the transaction, the vice president now owns 2,871 shares in the company, valued at approximately $106,657.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,629 shares of company stock valued at $5,618,413. Company insiders own 2.90% of the company’s stock.
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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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