Aramark (NYSE:ARMK) Issues Earnings Results, Meets Expectations

Aramark (NYSE:ARMK) announced its quarterly earnings data on Monday. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54, Briefing.com reports. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. Aramark updated its FY 2025 guidance to 1.910-1.980 EPS.

Aramark Stock Performance

NYSE ARMK opened at $39.10 on Thursday. Aramark has a 12-month low of $25.92 and a 12-month high of $42.04. The firm has a 50-day moving average price of $38.24 and a two-hundred day moving average price of $35.17. The company has a market capitalization of $10.30 billion, a P/E ratio of 39.49 and a beta of 1.62. The company has a quick ratio of 0.86, a current ratio of 0.81 and a debt-to-equity ratio of 1.42.

Aramark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, December 2nd will be paid a $0.001 dividend. This represents a $0.00 annualized dividend and a yield of 0.01%. The ex-dividend date of this dividend is Monday, December 2nd. Aramark’s dividend payout ratio (DPR) is 38.38%.

Wall Street Analyst Weigh In

A number of research firms have commented on ARMK. The Goldman Sachs Group lifted their target price on shares of Aramark from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of Aramark from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday. Robert W. Baird lifted their target price on Aramark from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday. Truist Financial raised their price target on Aramark from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America lifted their price target on shares of Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Aramark has a consensus rating of “Moderate Buy” and an average price target of $42.23.

About Aramark

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.