Equities research analysts forecast that Aramark (NYSE:ARMK) will report $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have provided estimates for Aramark’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Aramark posted earnings per share of $0.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is expected to announce its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that Aramark will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.17 to $2.30. For the next year, analysts expect that the company will post earnings of $2.53 per share, with EPS estimates ranging from $2.40 to $2.70. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Aramark.

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Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period last year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis.

Several equities analysts recently issued reports on the stock. Barclays lifted their price target on shares of Aramark from $45.00 to $47.00 and gave the company an “equal weight” rating in a report on Saturday, December 30th. Royal Bank of Canada reissued a “buy” rating and set a $50.00 price target on shares of Aramark in a report on Wednesday, February 7th. Stifel Nicolaus assumed coverage on shares of Aramark in a report on Tuesday, December 19th. They set a “buy” rating and a $50.00 price target for the company. Morgan Stanley lifted their price target on shares of Aramark from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Aramark in a research note on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $47.43.

ARMK stock traded up $0.34 during trading on Monday, hitting $37.78. 1,047,290 shares of the stock traded hands, compared to its average volume of 1,309,114. Aramark has a one year low of $36.15 and a one year high of $46.09. The company has a market capitalization of $9,203.93, a P/E ratio of 21.34, a P/E/G ratio of 1.57 and a beta of 0.64. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 2.56.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its stake in shares of Aramark by 6.6% in the fourth quarter. Xact Kapitalforvaltning AB now owns 38,318 shares of the company’s stock worth $1,638,000 after acquiring an additional 2,358 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Aramark by 5,269.3% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 489,517 shares of the company’s stock worth $1,075,000 after acquiring an additional 480,400 shares during the last quarter. DF Dent & Co. Inc. bought a new position in shares of Aramark in the fourth quarter worth about $340,000. Gotham Asset Management LLC bought a new position in shares of Aramark in the fourth quarter worth about $17,467,000. Finally, Macquarie Group Ltd. raised its stake in shares of Aramark by 5.7% in the fourth quarter. Macquarie Group Ltd. now owns 347,447 shares of the company’s stock worth $14,910,000 after acquiring an additional 18,716 shares during the last quarter. 94.69% of the stock is owned by institutional investors.

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Aramark Company Profile

Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. The company operates through three segments: Food and Support Services North America, Food and Support Services International, Uniform and Career Apparel.

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