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.
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%.
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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