Aramark (NYSE:ARMK) released its quarterly earnings results on Tuesday, February 6th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03, Morningstar.com reports. Aramark had a net margin of 3.65% and a return on equity of 18.68%. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company earned $0.55 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Aramark updated its FY18 guidance to $2.15-2.30 EPS.
Aramark (NYSE:ARMK) traded up $0.58 during trading hours on Thursday, reaching $41.73. The company had a trading volume of 49,744 shares, compared to its average volume of 1,382,474. The firm has a market capitalization of $10,054.51, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.73 and a beta of 0.51. Aramark has a 1 year low of $35.44 and a 1 year high of $46.09. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 2.56.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 14th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, February 13th. Aramark’s payout ratio is currently 19.53%.
A number of institutional investors and hedge funds have recently modified their holdings of ARMK. Profund Advisors LLC purchased a new position in Aramark in the 2nd quarter worth about $219,000. Renaissance Technologies LLC increased its stake in Aramark by 341.6% in the 2nd quarter. Renaissance Technologies LLC now owns 631,900 shares of the company’s stock worth $25,895,000 after purchasing an additional 488,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Aramark by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,480,505 shares of the company’s stock worth $60,669,000 after purchasing an additional 147,313 shares in the last quarter. Stifel Financial Corp purchased a new position in Aramark in the 2nd quarter worth about $494,000. Finally, HighTower Advisors LLC purchased a new position in Aramark in the 2nd quarter worth about $208,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This news story was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://weekherald.com/2018/02/15/aramark-armk-announces-earnings-results.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.