Wall Street analysts expect Aramark (NYSE:ARMK) to announce $3.94 billion in sales for the current quarter, Zacks reports. Ten analysts have made estimates for Aramark’s earnings, with the highest sales estimate coming in at $4.02 billion and the lowest estimate coming in at $3.76 billion. Aramark posted sales of $3.65 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The company is scheduled to issue its next earnings results on Tuesday, November 13th.

On average, analysts expect that Aramark will report full year sales of $15.81 billion for the current fiscal year, with estimates ranging from $15.63 billion to $15.92 billion. For the next financial year, analysts anticipate that the business will report sales of $16.60 billion per share, with estimates ranging from $16.30 billion to $16.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Aramark.

Aramark (NYSE:ARMK) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Aramark had a net margin of 3.26% and a return on equity of 17.37%.

Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Aramark from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Nomura lifted their price objective on shares of Aramark from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. TheStreet upgraded shares of Aramark from a “c+” rating to a “b-” rating in a research note on Friday, June 15th. Morgan Stanley lifted their price target on shares of Aramark from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, Robert W. Baird lowered shares of Aramark from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Aramark currently has an average rating of “Hold” and an average target price of $47.29.

Shares of Aramark stock traded up $0.21 during trading on Thursday, hitting $42.18. 1,431,238 shares of the stock were exchanged, compared to its average volume of 970,830. The stock has a market cap of $10.29 billion, a P/E ratio of 23.83 and a beta of 0.69. Aramark has a 12-month low of $36.28 and a 12-month high of $46.09. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.74.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Thursday, August 16th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.42 annualized dividend and a yield of 1.00%. Aramark’s dividend payout ratio is currently 23.73%.

In related news, EVP Stephen R. Reynolds sold 15,000 shares of Aramark stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $41.33, for a total transaction of $619,950.00. Following the sale, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $1,944,907.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Omnia Family Wealth LLC acquired a new position in Aramark in the first quarter valued at $103,000. Squar Milner Financial Services LLC acquired a new position in Aramark in the second quarter valued at $105,000. FNY Investment Advisers LLC acquired a new position in Aramark in the second quarter valued at $148,000. Point72 Hong Kong Ltd acquired a new position in Aramark in the second quarter valued at $161,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Aramark by 49.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 5,140 shares of the company’s stock valued at $191,000 after purchasing an additional 1,690 shares during the period. Institutional investors own 98.04% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE)

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