Aramark (ARMK) to Release Earnings on Tuesday

Aramark (NYSE:ARMK) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Aramark to post earnings of $0.26 per share for the quarter. Aramark has set its FY 2024 guidance at 1.510-1.570 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.29 billion. Aramark had a return on equity of 13.45% and a net margin of 3.37%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, analysts expect Aramark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aramark Trading Down 0.0 %

NYSE ARMK opened at $30.92 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 2.08. Aramark has a 52 week low of $23.95 and a 52 week high of $33.04. The business has a 50 day moving average price of $31.61 and a 200-day moving average price of $29.47. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.24 and a beta of 1.47.

Aramark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.38 dividend on an annualized basis and a yield of 1.23%. Aramark’s dividend payout ratio (DPR) is presently 15.90%.

Analysts Set New Price Targets

ARMK has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Aramark from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group began coverage on Aramark in a report on Wednesday, January 17th. They issued a “buy” rating and a $33.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $33.00 price target on shares of Aramark in a report on Wednesday, February 7th. Finally, Morgan Stanley raised their price objective on Aramark from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.04.

Aramark Company Profile

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.