$3.99 Billion in Sales Expected for Aramark (NYSE:ARMK) This Quarter

Analysts predict that Aramark (NYSE:ARMK) will report sales of $3.99 billion for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Aramark’s earnings, with the lowest sales estimate coming in at $3.93 billion and the highest estimate coming in at $4.05 billion. Aramark reported sales of $3.97 billion in the same quarter last year, which indicates a positive year over year growth rate of 0.5%. The company is expected to announce its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Aramark will report full-year sales of $16.22 billion for the current year, with estimates ranging from $16.13 billion to $16.32 billion. For the next financial year, analysts expect that the firm will report sales of $16.65 billion, with estimates ranging from $16.40 billion to $16.87 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Aramark.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. Aramark had a net margin of 3.27% and a return on equity of 17.31%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS.

ARMK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Nomura reissued a “neutral” rating and issued a $28.00 price target (down from $46.00) on shares of Aramark in a research note on Monday, March 18th. Morgan Stanley set a $34.00 price target on shares of Aramark and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, ValuEngine raised shares of Aramark from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.25.

Aramark stock opened at $36.06 on Friday. The company has a 50 day moving average of $33.57. The stock has a market cap of $8.39 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. Aramark has a 1 year low of $25.49 and a 1 year high of $43.70. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 2.21.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, May 15th. Aramark’s dividend payout ratio (DPR) is currently 22.11%.

Several hedge funds have recently made changes to their positions in ARMK. First Hawaiian Bank grew its holdings in shares of Aramark by 61.1% in the first quarter. First Hawaiian Bank now owns 2,201 shares of the company’s stock valued at $65,000 after purchasing an additional 835 shares in the last quarter. Kinneret Advisory LLC acquired a new position in shares of Aramark in the fourth quarter valued at approximately $83,000. New Jersey Better Educational Savings Trust acquired a new position in shares of Aramark in the first quarter valued at approximately $236,000. Raymond James Trust N.A. acquired a new position in shares of Aramark in the first quarter valued at approximately $261,000. Finally, Janney Capital Management LLC grew its holdings in shares of Aramark by 10.3% in the first quarter. Janney Capital Management LLC now owns 8,998 shares of the company’s stock valued at $266,000 after purchasing an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 97.27% of the company’s stock.

Aramark Company Profile

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

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