Shares of Aramark (NYSE:ARMK – Get Rating) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $31.02 and last traded at $31.03, with a volume of 6987 shares. The stock had previously closed at $32.95.
A number of brokerages have recently weighed in on ARMK. Oppenheimer reiterated an “outperform” rating and issued a $45.00 price target on shares of Aramark in a report on Thursday, March 31st. StockNews.com began coverage on Aramark in a report on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on Aramark in a report on Tuesday, March 29th. They issued a “hold” rating and a $38.00 price target for the company. Finally, Bank of America began coverage on Aramark in a report on Friday, March 11th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.43.
The company has a market capitalization of $7.96 billion, a P/E ratio of 54.05, a P/E/G ratio of 0.81 and a beta of 1.78. The business’s 50-day simple moving average is $35.21 and its 200 day simple moving average is $35.63. The company has a current ratio of 1.14, a quick ratio of 0.98 and a debt-to-equity ratio of 2.66.
Aramark (NYSE:ARMK – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Aramark had a net margin of 1.02% and a return on equity of 6.43%. The business’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. As a group, sell-side analysts predict that Aramark will post 1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 18th were paid a $0.11 dividend. The ex-dividend date was Tuesday, May 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.42%. Aramark’s dividend payout ratio is currently 75.86%.
Several institutional investors have recently added to or reduced their stakes in ARMK. CWM LLC increased its position in shares of Aramark by 108.4% in the first quarter. CWM LLC now owns 667 shares of the company’s stock worth $25,000 after acquiring an additional 347 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Aramark in the first quarter worth approximately $28,000. Dark Forest Capital Management LP purchased a new position in shares of Aramark in the third quarter worth approximately $54,000. PNC Financial Services Group Inc. grew its position in Aramark by 35.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,693 shares of the company’s stock valued at $64,000 after purchasing an additional 447 shares in the last quarter. Finally, Signaturefd LLC grew its position in Aramark by 37.5% during the fourth quarter. Signaturefd LLC now owns 1,794 shares of the company’s stock valued at $66,000 after purchasing an additional 489 shares in the last quarter.
About Aramark (NYSE:ARMK)
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel.
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