Equities analysts expect Aramark (NYSE:ARMK – Get Rating) to report sales of $3.87 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Aramark’s earnings, with the highest sales estimate coming in at $3.89 billion and the lowest estimate coming in at $3.85 billion. Aramark posted sales of $2.98 billion in the same quarter last year, which indicates a positive year over year growth rate of 29.9%. The company is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Aramark will report full-year sales of $15.53 billion for the current fiscal year, with estimates ranging from $15.49 billion to $15.56 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $16.68 billion, with estimates ranging from $16.46 billion to $16.86 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Aramark.
Aramark (NYSE:ARMK – Get Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.78 billion. Aramark had a net margin of 1.02% and a return on equity of 6.43%. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Aramark by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 23,052,453 shares of the company’s stock worth $866,773,000 after purchasing an additional 148,811 shares in the last quarter. Farallon Capital Management LLC raised its position in Aramark by 50.0% during the 3rd quarter. Farallon Capital Management LLC now owns 18,317,656 shares of the company’s stock worth $601,918,000 after buying an additional 6,106,706 shares during the last quarter. Capital International Investors raised its position in Aramark by 13.9% during the 4th quarter. Capital International Investors now owns 16,340,839 shares of the company’s stock worth $602,160,000 after buying an additional 2,000,000 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Aramark by 4.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,962,785 shares of the company’s stock worth $440,828,000 after buying an additional 457,519 shares during the last quarter. Finally, BlackRock Inc. raised its position in Aramark by 1.7% during the 1st quarter. BlackRock Inc. now owns 11,897,847 shares of the company’s stock worth $447,358,000 after buying an additional 198,530 shares during the last quarter.
NYSE ARMK opened at $32.65 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.98 and a current ratio of 1.14. The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 56.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.78. The company’s 50-day simple moving average is $36.12 and its two-hundred day simple moving average is $35.97. Aramark has a one year low of $31.22 and a one year high of $39.95.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Wednesday, May 18th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, May 17th. Aramark’s dividend payout ratio (DPR) is presently 75.86%.
About Aramark (Get Rating)
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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