Wall Street brokerages expect Aramark (NYSE:ARMK) to report earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Aramark’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.50. Aramark posted earnings of $0.45 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Aramark will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.30. For the next financial year, analysts forecast that the firm will report earnings of $2.51 per share, with EPS estimates ranging from $2.37 to $2.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Aramark.
Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. Aramark had a return on equity of 18.68% and a net margin of 3.65%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in shares of Aramark by 19.0% during the second quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock worth $124,000 after purchasing an additional 483 shares in the last quarter. Cerebellum GP LLC acquired a new position in shares of Aramark in the fourth quarter worth about $127,000. Advisor Group Inc. lifted its stake in shares of Aramark by 85.7% in the third quarter. Advisor Group Inc. now owns 3,342 shares of the company’s stock worth $136,000 after acquiring an additional 1,542 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Aramark by 91.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,450 shares of the company’s stock worth $147,000 after acquiring an additional 1,650 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Aramark by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 3,954 shares of the company’s stock worth $169,000 after acquiring an additional 1,401 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.
Aramark (NYSE ARMK) traded down $0.11 during mid-day trading on Friday, reaching $41.87. The company’s stock had a trading volume of 182,145 shares, compared to its average volume of 1,379,198. Aramark has a 1 year low of $35.54 and a 1 year high of $46.09. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.09 and a current ratio of 1.40. The stock has a market capitalization of $10,320.01, a P/E ratio of 19.53, a PEG ratio of 1.76 and a beta of 0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, February 13th. Aramark’s dividend payout ratio is presently 19.53%.
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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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