$0.50 Earnings Per Share Expected for Aramark (ARMK) This Quarter

Brokerages expect Aramark (NYSE:ARMK) to post earnings per share of $0.50 for the current fiscal quarter, Zacks reports. Twelve analysts have issued estimates for Aramark’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.49. Aramark posted earnings per share of $0.48 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is expected to announce its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Aramark will report full-year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.38. For the next year, analysts anticipate that the firm will post earnings of $2.65 per share, with EPS estimates ranging from $2.56 to $2.82. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Aramark.

Aramark (NYSE:ARMK) last issued its earnings results on Tuesday, February 5th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.19 billion. Aramark had a return on equity of 17.81% and a net margin of 3.27%. Aramark’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share.

A number of research analysts recently commented on ARMK shares. Nomura restated a “buy” rating and issued a $46.00 target price on shares of Aramark in a research note on Monday, February 11th. Berenberg Bank upgraded Aramark from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, January 17th. TheStreet cut Aramark from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. Barclays reiterated a “hold” rating and issued a $35.00 price target on shares of Aramark in a research report on Thursday, December 13th. Finally, Morgan Stanley set a $34.00 price target on Aramark and gave the company a “hold” rating in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Aramark presently has an average rating of “Buy” and a consensus target price of $40.17.

In other Aramark news, VP Stephen P. Bramlage, Jr. bought 3,195 shares of the firm’s stock in a transaction dated Thursday, February 14th. The shares were bought at an average price of $31.26 per share, for a total transaction of $99,875.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lynn Mckee sold 43,915 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $29.58, for a total value of $1,299,005.70. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. First Hawaiian Bank grew its holdings in shares of Aramark by 48.3% during the fourth quarter. First Hawaiian Bank now owns 1,366 shares of the company’s stock worth $40,000 after purchasing an additional 445 shares during the last quarter. Pearl River Capital LLC acquired a new position in shares of Aramark during the fourth quarter valued at $72,000. Kinneret Advisory LLC acquired a new position in shares of Aramark during the fourth quarter valued at $83,000. Captrust Financial Advisors lifted its stake in shares of Aramark by 236.4% during the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $190,000 after acquiring an additional 3,101 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Aramark by 7.6% during the fourth quarter. D.A. Davidson & CO. now owns 6,984 shares of the company’s stock valued at $202,000 after acquiring an additional 496 shares during the period.

Shares of NYSE ARMK opened at $29.55 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.21 and a quick ratio of 1.04. The firm has a market capitalization of $7.33 billion, a P/E ratio of 14.24, a PEG ratio of 1.39 and a beta of 1.10. Aramark has a one year low of $27.37 and a one year high of $43.70.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Wednesday, February 13th. Aramark’s dividend payout ratio (DPR) is 22.11%.

About Aramark

Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.

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