Aramark (NYSE:ARMK) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.20-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.24.
ARMK stock traded up $0.13 on Friday, hitting $41.08. 1,084,200 shares of the company’s stock were exchanged, compared to its average volume of 1,491,646. Aramark has a 12-month low of $36.28 and a 12-month high of $46.09. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.36 and a quick ratio of 1.03. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 23.21 and a beta of 0.69.
Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Aramark had a return on equity of 17.37% and a net margin of 3.26%. equities research analysts anticipate that Aramark will post 2 earnings per share for the current year.
Several equities analysts have recently issued reports on ARMK shares. Zacks Investment Research raised Aramark from a sell rating to a hold rating in a report on Wednesday, May 16th. Credit Suisse Group began coverage on Aramark in a report on Friday, August 10th. They issued an outperform rating and a $52.00 price target for the company. ValuEngine raised Aramark from a sell rating to a hold rating in a report on Friday, July 20th. TheStreet lowered Aramark from a b rating to a c+ rating in a research note on Tuesday, May 8th. Finally, Morgan Stanley boosted their price objective on Aramark from $42.00 to $44.00 and gave the stock a hold rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $46.43.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.
See Also: Should you buy a closed-end mutual fund?
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.