Aramark (ARMK) Earning Somewhat Favorable Press Coverage, Report Shows
Press coverage about Aramark (NYSE:ARMK) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aramark earned a news impact score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.6039504355157 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Aramark : Award-Winning “Iron Chef” Cat Cora and Aramark Introduce Wicked Good New Dining Concept (4-traders.com)
- Aramark : ARMK-US: Dividend Analysis : August 16th, 2017 (record date) : By the numbers : September 14, 2017 (finance.yahoo.com)
- Aramark Hires Former Cruise Line CIO (finance.yahoo.com)
- Aramark (ARMK) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Aramark (NYSE:ARMK) opened at 40.47 on Monday. Aramark has a one year low of $32.73 and a one year high of $41.72. The company has a 50-day moving average of $39.99 and a 200 day moving average of $38.53. The firm has a market cap of $9.92 billion, a PE ratio of 29.33 and a beta of 0.48.
Aramark (NYSE:ARMK) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. Aramark’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. On average, equities research analysts expect that Aramark will post $1.96 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Wednesday, August 16th were issued a $0.103 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Monday, August 14th. Aramark’s dividend payout ratio is presently 29.93%.
Several research firms have recently commented on ARMK. BidaskClub raised shares of Aramark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Barclays PLC raised their price objective on shares of Aramark from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, June 23rd. Nomura reissued a “buy” rating and issued a $45.00 price objective (up previously from $43.00) on shares of Aramark in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Morgan Stanley raised their price objective on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.86.
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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).
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