Aramark (NYSE:ARMK) issued its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02, Bloomberg Earnings reports. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the business earned $0.49 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Aramark updated its FY18 guidance to $2.10-2.20 EPS.
Aramark (NYSE:ARMK) opened at $40.02 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $10,506.43, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.78 and a beta of 0.50. Aramark has a twelve month low of $32.73 and a twelve month high of $44.12.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Monday, November 27th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.42 annualized dividend and a yield of 1.05%. This is a positive change from Aramark’s previous quarterly dividend of $0.10. Aramark’s dividend payout ratio (DPR) is 29.93%.
Several equities research analysts have recently issued reports on the company. BidaskClub raised Aramark from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Barclays PLC reissued a “hold” rating and issued a $45.00 price objective on shares of Aramark in a report on Thursday, October 19th. Zacks Investment Research lowered Aramark from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Nomura lifted their price objective on Aramark from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada lifted their price objective on Aramark from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.17.
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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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