Aramark Holdings Corp. (NYSE:ARMK) announced its earnings results on Tuesday. The company reported $0.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.49. The business earned $3.54 billion during the quarter, compared to the consensus estimate of $3.67 billion. Aramark Holdings Corp. had a net margin of 1.81% and a return on equity of 18.92%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. Aramark Holdings Corp. updated its FY17 guidance to $1.85-1.95 EPS.

Shares of Aramark Holdings Corp. (NYSE:ARMK) opened at 33.30 on Thursday. Aramark Holdings Corp. has a 52-week low of $29.18 and a 52-week high of $38.30. The stock has a market cap of $8.12 billion, a price-to-earnings ratio of 31.71 and a beta of 0.58. The firm has a 50-day moving average price of $36.94 and a 200 day moving average price of $35.60.

Earnings History for Aramark Holdings Corp. (NYSE:ARMK)

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Monday, November 28th will be given a $0.103 dividend. This represents a $0.41 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, November 23rd. This is a positive change from Aramark Holdings Corp.’s previous quarterly dividend of $0.10. Aramark Holdings Corp.’s dividend payout ratio is currently 35.85%.

Several institutional investors have recently made changes to their positions in ARMK. Fuller & Thaler Asset Management Inc. boosted its position in shares of Aramark Holdings Corp. by 61.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,900 shares of the company’s stock valued at $110,000 after buying an additional 1,100 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Aramark Holdings Corp. during the second quarter valued at $107,000. MU Investments Co. Ltd. acquired a new stake in shares of Aramark Holdings Corp. during the second quarter valued at $148,000. Daiwa Securities Group Inc. raised its stake in shares of Aramark Holdings Corp. by 11.5% in the second quarter. Daiwa Securities Group Inc. now owns 5,350 shares of the company’s stock valued at $179,000 after buying an additional 550 shares during the period. Finally, Shinko Asset Management Co. Ltd. raised its stake in shares of Aramark Holdings Corp. by 823.3% in the third quarter. Shinko Asset Management Co. Ltd. now owns 5,383 shares of the company’s stock valued at $205,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

A number of equities analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of Aramark Holdings Corp. from $42.00 to $41.00 and set a “top pick” rating for the company in a report on Wednesday. RBC Capital Markets restated a “buy” rating and set a $41.00 price objective (down previously from $42.00) on shares of Aramark Holdings Corp. in a report on Wednesday. Zacks Investment Research upgraded shares of Aramark Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Barclays PLC upped their price objective on shares of Aramark Holdings Corp. from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aramark Holdings Corp. from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.92.

Aramark Holdings Corp. Company Profile

Aramark provides 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).

5 Day Chart for NYSE:ARMK

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