Aramark (NYSE:ARMK) Posts Earnings Results, Beats Expectations By $0.03 EPS

Aramark (NYSE:ARMK) issued its quarterly earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03, Zacks reports. Aramark had a net margin of 1.51% and a return on equity of 14.06%.

Aramark Price Performance

Shares of NYSE:ARMK opened at $38.39 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.42. The stock has a market cap of $10.17 billion, a PE ratio of 38.77 and a beta of 1.64. The company’s fifty day moving average is $38.88 and its 200 day moving average is $37.63. Aramark has a 52 week low of $28.51 and a 52 week high of $42.49.

Aramark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 10th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Aramark’s previous quarterly dividend of $0.00. The ex-dividend date is Monday, February 10th. Aramark’s payout ratio is presently 42.42%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price objective on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Truist Financial boosted their price target on shares of Aramark from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their price objective on shares of Aramark from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.