Aramark (ARMK) Set to Announce Earnings on Monday

Aramark (NYSE:ARMK) will be announcing its earnings results before the market opens on Monday, November 11th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect Aramark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aramark Trading Up 0.4 %

Shares of Aramark stock opened at $39.11 on Friday. The business has a 50 day moving average price of $38.11 and a 200 day moving average price of $35.02. The company has a market capitalization of $10.30 billion, a P/E ratio of 29.85 and a beta of 1.62. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.96 and a quick ratio of 0.86. Aramark has a 1 year low of $25.92 and a 1 year high of $39.99.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ARMK. Bank of America increased their price objective on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised shares of Aramark from a “hold” rating to a “buy” rating and raised their price target for the stock from $36.00 to $39.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada upgraded shares of Aramark from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $36.00 to $42.50 in a research report on Tuesday, September 17th. Finally, Truist Financial boosted their price target on Aramark from $37.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.35.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.