Aramark (ARMK) Issues FY18 Earnings Guidance

Aramark (NYSE:ARMK) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.15-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.12.

A number of brokerages have commented on ARMK. Royal Bank of Canada restated a buy rating and set a $50.00 price objective on shares of Aramark in a research report on Wednesday. Zacks Investment Research lowered Aramark from a hold rating to a strong sell rating in a research report on Wednesday, October 18th. Credit Suisse Group restated an outperform rating and set a $50.00 price objective on shares of Aramark in a research report on Wednesday, January 24th. Stifel Nicolaus began coverage on Aramark in a research report on Tuesday, December 19th. They set a buy rating and a $50.00 price objective for the company. Finally, Barclays restated a hold rating and set a $45.00 price objective on shares of Aramark in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $47.00.

Shares of Aramark (NYSE:ARMK) opened at $42.55 on Wednesday. Aramark has a one year low of $34.74 and a one year high of $46.09. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.86 and a current ratio of 1.12. The firm has a market capitalization of $10,827.88, a PE ratio of 24.91, a PEG ratio of 1.87 and a beta of 0.51.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the business earned $0.55 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. equities research analysts anticipate that Aramark will post 1.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 13th. Aramark’s dividend payout ratio (DPR) is presently 28.19%.

In other news, Director Sanjeev K. Mehra purchased 19,640 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was bought at an average cost of $40.75 per share, with a total value of $800,330.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is owned by company insiders.

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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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