Aramark (NYSE:ARMK) Declares Dividend Increase – $0.11 Per Share

Aramark (NYSE:ARMK) announced a quarterly dividend on Monday, January 27th,NASDAQ Dividends reports. Investors of record on Monday, February 10th will be given a dividend of 0.105 per share on Monday, February 24th. This represents a $0.42 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, February 10th. This is a positive change from Aramark’s previous quarterly dividend of $0.001.

Aramark has decreased its dividend by an average of 3.9% annually over the last three years. Aramark has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Aramark to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.5%.

Aramark Trading Up 0.1 %

NYSE:ARMK traded up $0.05 on Tuesday, hitting $39.43. 1,578,163 shares of the stock were exchanged, compared to its average volume of 1,812,110. Aramark has a fifty-two week low of $28.39 and a fifty-two week high of $42.49. The stock has a fifty day moving average of $38.85 and a 200-day moving average of $37.42. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.42. The stock has a market cap of $10.44 billion, a PE ratio of 39.82 and a beta of 1.64.

Aramark (NYSE:ARMK) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities analysts expect that Aramark will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARMK has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. UBS Group boosted their price objective on Aramark from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus upped their target price on shares of Aramark from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.59.

Aramark Company Profile

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.