Aramark (ARMK) to Release Quarterly Earnings on Monday

Aramark (NYSE:ARMK - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 11th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Aramark has set its FY 2024 guidance at 1.570- EPS.Parties that wish to listen to the company's conference call can do so using this link.

Aramark (NYSE:ARMK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.31 billion. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. On average, analysts expect Aramark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Aramark Stock Performance

NYSE ARMK traded down $0.07 during trading on Monday, hitting $38.14. 1,074,361 shares of the company's stock traded hands, compared to its average volume of 2,209,687. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 29.11 and a beta of 1.62. 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 business has a 50 day moving average of $37.87 and a 200-day moving average of $34.87. Aramark has a 12-month low of $25.92 and a 12-month high of $39.99.

Analyst Upgrades and Downgrades

ARMK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Aramark from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, August 7th. StockNews.com upgraded shares of Aramark from a "sell" rating to a "hold" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on shares of Aramark from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, September 9th. The Goldman Sachs Group increased their target price on shares of Aramark from $38.00 to $41.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird boosted their price target on shares of Aramark from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.68.

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.