Equities research analysts expect Aramark (NYSE:ARMK) to report sales of $2.18 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Aramark’s earnings, with the highest sales estimate coming in at $2.44 billion and the lowest estimate coming in at $1.74 billion. Aramark posted sales of $4.01 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 45.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 4th.
According to Zacks, analysts expect that Aramark will report full year sales of $13.36 billion for the current financial year, with estimates ranging from $12.18 billion to $14.03 billion. For the next year, analysts anticipate that the business will post sales of $15.98 billion, with estimates ranging from $14.55 billion to $17.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Aramark.
Aramark (NYSE:ARMK) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.73 billion. Aramark had a return on equity of 15.52% and a net margin of 0.70%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share.
Shares of ARMK stock traded down $0.30 during trading hours on Friday, reaching $21.95. 1,526,582 shares of the company’s stock were exchanged, compared to its average volume of 2,975,954. The stock’s 50 day moving average is $25.33 and its 200-day moving average is $31.77. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 49.89, a P/E/G ratio of 8.44 and a beta of 1.64. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 2.48. Aramark has a fifty-two week low of $9.65 and a fifty-two week high of $47.22.
In other news, insider Keith Bethel sold 12,829 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $27.56, for a total transaction of $353,567.24. Following the sale, the insider now directly owns 63,593 shares of the company’s stock, valued at approximately $1,752,623.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Gerard Ondrof bought 10,000 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $24.99 per share, for a total transaction of $249,900.00. Following the completion of the purchase, the chief financial officer now owns 27,709 shares in the company, valued at $692,447.91. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of ARMK. US Bancorp DE lifted its stake in Aramark by 28.0% in the 1st quarter. US Bancorp DE now owns 2,539 shares of the company’s stock valued at $51,000 after buying an additional 555 shares in the last quarter. Fort L.P. lifted its stake in Aramark by 25.8% in the 1st quarter. Fort L.P. now owns 2,749 shares of the company’s stock valued at $55,000 after buying an additional 564 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Aramark by 44.9% in the 4th quarter. Quadrant Capital Group LLC now owns 4,084 shares of the company’s stock valued at $176,000 after buying an additional 1,265 shares in the last quarter. Column Capital Advisors LLC lifted its stake in Aramark by 20.7% in the 1st quarter. Column Capital Advisors LLC now owns 5,220 shares of the company’s stock valued at $104,000 after buying an additional 895 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in Aramark in the 1st quarter valued at about $111,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.
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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