$0.70 EPS Expected for Aramark (NYSE:ARMK) This Quarter

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Analysts predict that Aramark (NYSE:ARMK) will announce $0.70 earnings per share for the current quarter, Zacks reports. Thirteen analysts have made estimates for Aramark’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.66. Aramark also reported earnings per share of $0.70 during the same quarter last year. The company is scheduled to report its next earnings report before the market opens on Tuesday, November 19th.

According to Zacks, analysts expect that Aramark will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.21 to $2.29. For the next fiscal year, analysts forecast that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.25 to $2.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Aramark.

Several research firms have recently commented on ARMK. Zacks Investment Research cut shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Nomura raised shares of Aramark from a “neutral” rating to a “buy” rating and increased their price target for the company from $28.00 to $50.00 in a research report on Monday, August 19th. Stifel Nicolaus raised shares of Aramark from a “hold” rating to a “buy” rating and increased their price target for the company from $36.00 to $49.00 in a research report on Monday, August 19th. Oppenheimer assumed coverage on shares of Aramark in a research report on Thursday, August 22nd. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Barclays increased their price objective on shares of Aramark from $35.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, September 19th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.27.

Shares of NYSE:ARMK traded down $0.34 during trading on Friday, reaching $42.99. The company had a trading volume of 1,735,926 shares, compared to its average volume of 3,218,916. The company has a fifty day moving average of $43.48 and a two-hundred day moving average of $37.73. The stock has a market capitalization of $10.75 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. Aramark has a 12 month low of $25.49 and a 12 month high of $45.04. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 2.19.

In other news, insider Keith Bethel sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $37.40, for a total transaction of $280,500.00. Following the sale, the insider now owns 43,692 shares of the company’s stock, valued at approximately $1,634,080.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Rational Advisors LLC acquired a new position in Aramark in the 3rd quarter valued at about $372,000. BBVA USA Bancshares Inc. acquired a new position in shares of Aramark in the 3rd quarter valued at $214,000. Tower Research Capital LLC TRC lifted its stake in shares of Aramark by 3,612.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 21,161 shares of the company’s stock valued at $922,000 after purchasing an additional 20,591 shares during the period. Alps Advisors Inc. acquired a new position in shares of Aramark in the 3rd quarter valued at $372,000. Finally, Mackay Shields LLC lifted its stake in shares of Aramark by 29.0% in the 3rd quarter. Mackay Shields LLC now owns 344,185 shares of the company’s stock valued at $15,000,000 after purchasing an additional 77,403 shares during the period. Hedge funds and other institutional investors own 98.18% of the company’s stock.

Aramark Company Profile

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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