$0.56 Earnings Per Share Expected for Aramark (ARMK) This Quarter

Wall Street analysts forecast that Aramark (NYSE:ARMK) will post earnings of $0.56 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Aramark’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.54. Aramark reported earnings per share of $0.55 during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Aramark will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.20. For the next financial year, analysts expect that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.32 to $2.45. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Aramark.

Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Aramark had a return on equity of 19.29% and a net margin of 2.56%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year.

ARMK has been the topic of several recent research reports. Zacks Investment Research raised Aramark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Stifel Nicolaus initiated coverage on Aramark in a report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price objective on the stock. Barclays upped their price objective on Aramark from $45.00 to $47.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Nomura decreased their price objective on Aramark from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Aramark in a report on Thursday, October 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $45.86.

In related news, Director Sanjeev K. Mehra purchased 19,640 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $40.75 per share, for a total transaction of $800,330.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in Aramark by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,871 shares of the company’s stock valued at $200,000 after buying an additional 374 shares during the period. Howard Hughes Medical Institute raised its holdings in Aramark by 0.7% during the 2nd quarter. Howard Hughes Medical Institute now owns 57,423 shares of the company’s stock valued at $2,353,000 after buying an additional 382 shares during the period. Toronto Dominion Bank raised its holdings in Aramark by 19.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,027 shares of the company’s stock valued at $124,000 after buying an additional 483 shares during the period. Advisory Services Network LLC raised its holdings in Aramark by 9.9% during the 2nd quarter. Advisory Services Network LLC now owns 7,930 shares of the company’s stock valued at $325,000 after buying an additional 713 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Aramark by 2.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 39,954 shares of the company’s stock valued at $1,638,000 after buying an additional 998 shares during the period. Institutional investors own 95.25% of the company’s stock.

Aramark (NYSE:ARMK) traded up $0.04 during mid-day trading on Friday, reaching $44.07. The company’s stock had a trading volume of 1,331,114 shares, compared to its average volume of 1,014,513. The company has a market cap of $10,822.97, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. Aramark has a 1-year low of $32.87 and a 1-year high of $44.28. The company has a quick ratio of 0.86, a current ratio of 1.12 and a debt-to-equity ratio of 2.11.

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Aramark Company Profile

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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