Aramark (NYSE:ARMK) to Issue $0.12 Quarterly Dividend

Aramark (NYSE:ARMK) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.12 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th.

Aramark has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Aramark has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Aramark to earn $2.65 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 18.1%.

Aramark Trading Up 1.1%

ARMK stock traded up $0.62 during trading on Wednesday, hitting $56.84. 2,147,443 shares of the company traded hands, compared to its average volume of 2,857,572. The company has a 50-day moving average of $55.50 and a 200-day moving average of $47.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.07 and a current ratio of 1.21. Aramark has a 1 year low of $35.07 and a 1 year high of $58.68. The firm has a market capitalization of $14.95 billion, a PE ratio of 42.42, a P/E/G ratio of 1.08 and a beta of 1.12.

Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Aramark had a return on equity of 17.05% and a net margin of 1.84%.The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. Analysts predict that Aramark will post 2.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aramark in a research note on Wednesday, July 8th. Robert W. Baird set a $63.00 price target on shares of Aramark in a research report on Friday, July 24th. Oppenheimer raised their price target on shares of Aramark from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Royal Bank Of Canada boosted their price objective on shares of Aramark from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley upped their price objective on shares of Aramark from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Aramark presently has an average rating of “Moderate Buy” and a consensus price target of $60.62.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.