Aramark (NYSE:ARMK) Issues Quarterly Earnings Results

Aramark (NYSE:ARMK - Get Free Report) posted its earnings results on Monday. The company reported $0.54 EPS for the quarter, hitting analysts' consensus estimates of $0.54, Briefing.com reports. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. Aramark had a net margin of 1.93% and a return on equity of 14.09%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Aramark updated its FY 2025 guidance to 1.910-1.980 EPS.

Aramark Stock Down 1.5 %

NYSE ARMK traded down $0.59 during trading on Tuesday, hitting $38.09. The stock had a trading volume of 1,139,164 shares, compared to its average volume of 2,215,546. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.86 and a current ratio of 0.96. The company's 50-day moving average price is $38.15 and its two-hundred day moving average price is $35.10. Aramark has a 12 month low of $25.92 and a 12 month high of $42.04. The company has a market capitalization of $10.03 billion, a PE ratio of 38.45 and a beta of 1.62.

Aramark Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a $0.001 dividend. This represents a $0.00 annualized dividend and a yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark's dividend payout ratio is 38.38%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARMK. JPMorgan Chase & Co. increased their target price on shares of Aramark from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday. Truist Financial boosted their price target on shares of Aramark from $42.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday. The Goldman Sachs Group upped 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. Stifel Nicolaus increased their price objective on shares of Aramark from $43.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Robert W. Baird increased their price target on shares of Aramark from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.23.

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.