Aramark (ARMK) Issues FY18 Earnings Guidance

Aramark (NYSE:ARMK) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21.

Shares of Aramark (NYSE:ARMK) opened at $42.85 on Tuesday. The firm has a market cap of $10,461.09, a PE ratio of 24.67, a PEG ratio of 1.77 and a beta of 0.50. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.30. Aramark has a 52 week low of $32.73 and a 52 week high of $44.12.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, November 14th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.70 billion. Aramark had a net margin of 2.37% and a return on equity of 19.29%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. sell-side analysts forecast that Aramark will post 1.77 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on ARMK. Barclays PLC reissued a hold rating and set a $45.00 price target on shares of Aramark in a research report on Thursday, October 19th. Zacks Investment Research cut shares of Aramark from a hold rating to a strong sell rating in a research report on Wednesday, October 18th. BidaskClub raised shares of Aramark from a hold rating to a buy rating in a research report on Wednesday, October 18th. Nomura lifted their price target on shares of Aramark from $45.00 to $47.00 and gave the company a buy rating in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada lifted their price target on shares of Aramark from $44.00 to $47.00 and gave the company an outperform rating in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Aramark currently has an average rating of Buy and a consensus target price of $45.17.

COPYRIGHT VIOLATION WARNING: “Aramark (ARMK) Issues FY18 Earnings Guidance” was posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2017/11/14/aramark-armk-issues-fy18-earnings-guidance.html.

Aramark Company Profile

Aramark is a global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients. The Company operates through three segments: Food and Support Services North America (FSS North America), Food and Support Services International (FSS International), and Uniform and Career Apparel (Uniform).

Receive News & Ratings for Aramark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aramark and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply