Aramark (ARMK) Scheduled to Post Earnings on Monday

Aramark (NYSE:ARMK) will be issuing its quarterly earnings data before the market opens on Monday, November 11th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Aramark Trading Up 0.4 %

Shares of Aramark stock opened at $39.11 on Friday. The company has a 50-day moving average of $38.11 and a two-hundred day moving average of $35.04. Aramark has a 12-month low of $25.92 and a 12-month high of $39.99. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. The stock has a market cap of $10.30 billion, a PE ratio of 29.86 and a beta of 1.62.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARMK. JPMorgan Chase & Co. lifted their price objective on Aramark from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Robert W. Baird increased their price objective on shares of Aramark from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Bank of America upped their price target on shares of Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on shares of Aramark from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lifted their price objective on Aramark from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.35.

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.