Aramark (NYSE:ARMK) Declares Quarterly Dividend of $0.11

Aramark (NYSE:ARMK) announced a quarterly dividend on Monday, January 27th,NASDAQ Dividends reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.105 per share on Monday, February 24th. This represents a $0.42 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Aramark’s previous quarterly dividend of $0.001.

Aramark has decreased its dividend by an average of 3.9% per year over the last three years. Aramark has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aramark to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.5%.

Aramark Trading Up 0.1 %

Shares of Aramark stock traded up $0.05 during trading on Tuesday, reaching $39.43. The company’s stock had a trading volume of 1,578,163 shares, compared to its average volume of 1,812,110. The firm’s 50-day moving average is $38.85 and its two-hundred day moving average is $37.42. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. Aramark has a 52-week low of $28.39 and a 52-week high of $42.49. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 39.82 and a beta of 1.64.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Monday, November 11th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Aramark had a net margin of 1.51% and a return on equity of 14.06%. The business had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Aramark will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on shares of Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. UBS Group lifted their target price on Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Aramark from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.59.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.