Aramark (NYSE:ARMK) Announces Quarterly Earnings Results

Aramark (NYSE:ARMK) issued its quarterly earnings data on Tuesday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. Aramark had a net margin of 1.51% and a return on equity of 14.06%.

Aramark Price Performance

Shares of ARMK opened at $38.39 on Tuesday. The company has a market capitalization of $10.17 billion, a P/E ratio of 38.77 and a beta of 1.64. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $38.88 and a 200 day moving average of $37.63. Aramark has a twelve month low of $28.51 and a twelve month high of $42.49.

Aramark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.42 annualized dividend and a dividend yield of 1.09%. This is an increase from Aramark’s previous quarterly dividend of $0.00. Aramark’s dividend payout ratio (DPR) is 42.42%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus raised their price objective on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial raised their price objective on shares of Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group raised their target price on shares of Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.59.

Aramark Company Profile

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.