Aramark (NYSE:ARMK) Releases Earnings Results, Hits Estimates

Aramark (NYSE:ARMK) announced its quarterly earnings data on Monday. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54, Briefing.com reports. Aramark had a return on equity of 14.09% and a net margin of 1.93%. The business had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the company earned $0.64 EPS. Aramark’s revenue for the quarter was up 5.2% on a year-over-year basis. Aramark updated its FY 2025 guidance to 1.910-1.980 EPS.

Aramark Stock Down 1.1 %

Shares of NYSE:ARMK opened at $38.67 on Tuesday. The business’s 50-day moving average is $38.11 and its 200-day moving average is $35.06. Aramark has a 1 year low of $25.92 and a 1 year high of $42.04. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 29.52 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Monday, December 2nd will be given a $0.001 dividend. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s dividend payout ratio (DPR) is presently 29.01%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ARMK shares. StockNews.com upgraded shares of Aramark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Aramark from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Truist Financial upped their price target on shares of Aramark from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. The Goldman Sachs Group raised their price objective on Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Bank of America upped their target price on Aramark from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Aramark currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.15.

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.