Aramark (ARMK) To Go Ex-Dividend on December 2nd

Aramark (NYSE:ARMK) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.001 per share on Thursday, December 12th. This represents a $0.00 annualized dividend and a dividend yield of 0.01%. The ex-dividend date is Monday, December 2nd.

Aramark has decreased its dividend by an average of 1.2% annually over the last three years. Aramark has a dividend payout ratio of 21.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aramark to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 18.3%.

Aramark Trading Down 0.1 %

Shares of NYSE ARMK opened at $40.71 on Friday. The stock has a market cap of $10.75 billion, a P/E ratio of 41.12 and a beta of 1.62. The firm has a 50 day moving average price of $38.68 and a two-hundred day moving average price of $35.81. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.72 and a current ratio of 0.81. Aramark has a 52-week low of $26.58 and a 52-week high of $42.49.

Aramark (NYSE:ARMK) last announced its earnings results on Monday, November 11th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.46 billion. Aramark had a return on equity of 14.06% and a net margin of 1.51%. Aramark’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. As a group, equities analysts forecast that Aramark will post 1.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ARMK shares. The Goldman Sachs Group increased their target price 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. UBS Group increased their price objective on shares of Aramark from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus upped their price target on shares of Aramark from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Robert W. Baird increased their price target on Aramark from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on Aramark from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.23.

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.