Aramark (NYSE:ARMK) Issues FY18 Earnings Guidance

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.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Thursday, August 16th were issued a $0.105 dividend. The ex-dividend date was Wednesday, August 15th. This represents a $0.42 annualized dividend and a dividend yield of 1.02%. Aramark’s dividend payout ratio (DPR) is presently 23.73%.

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.

About Aramark

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.

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