Aramark (NYSE:ARMK) announced a quarterly dividend on Thursday, February 2nd. Investors of record on Wednesday, February 15th will be given a dividend of 0.103 per share on Wednesday, March 1st. This represents a $0.41 annualized dividend and a yield of 1.16%. The ex-dividend date is Monday, February 13th.
Shares of Aramark (NYSE:ARMK) opened at 35.51 on Friday. The stock has a market cap of $8.69 billion, a P/E ratio of 27.68 and a beta of 0.48. The company’s 50-day moving average is $34.36 and its 200 day moving average is $36.10. Aramark has a 1-year low of $29.82 and a 1-year high of $38.30.
Aramark (NYSE:ARMK) last released its earnings results on Tuesday, February 7th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. Aramark had a net margin of 2.21% and a return on equity of 18.87%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Equities research analysts anticipate that Aramark will post $1.91 EPS for the current year.
In other news, Director Stephen I. Sadove acquired 7,500 shares of Aramark stock in a transaction dated Thursday, November 17th. The stock was acquired at an average cost of $33.53 per share, for a total transaction of $251,475.00. Following the completion of the purchase, the director now owns 22,489 shares of the company’s stock, valued at $754,056.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Eric J. Foss acquired 87,566 shares of Aramark stock in a transaction dated Monday, November 21st. The stock was purchased at an average price of $34.50 per share, with a total value of $3,021,027.00. Following the completion of the purchase, the chairman now directly owns 1,514,253 shares of the company’s stock, valued at approximately $52,241,728.50. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.
ARMK has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Aramark from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Royal Bank Of Canada lowered their price objective on shares of Aramark from $42.00 to $41.00 and set a “top pick” rating on the stock in a research report on Wednesday, November 16th. RBC Capital Markets reaffirmed a “buy” rating and set a $41.00 price objective (down from $42.00) on shares of Aramark in a research report on Wednesday, November 16th. Finally, Barclays PLC downgraded shares of Aramark from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $38.00 to $37.00 in a research report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $40.75.
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Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).
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