In the latest session, Aramark (NYSE: ARMK) closed at $31.59 up 0.29% from its previous closing price of $31.50. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 1264549 shares were traded.
Ratios:
For a deeper understanding of Aramark’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 2.20 whereas as Long-Term Debt/Eq ratio is at 2.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on January 17, 2024, initiated with a Buy rating and assigned the stock a target price of $33.
On January 08, 2024, Truist started tracking the stock assigning a Buy rating and target price of $33.
Jefferies Upgraded its Hold to Buy on October 09, 2023, whereas the target price for the stock was revised from $44 to $29.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 05 ’24 when Harrington Lauren A sold 13,384 shares for $31.02 per share. The transaction valued at 415,208 led to the insider holds 95,284 shares of the business.
Harrington Lauren A sold 4,274 shares of ARMK for $116,819 on Dec 15 ’23. The SVP and General Counsel now owns 95,142 shares after completing the transaction at $27.33 per share. On Dec 13 ’23, another insider, Bruno Marc A, who serves as the COO, U.S. Food & Facilities of the company, sold 27,884 shares for $26.67 each. As a result, the insider received 743,666 and left with 225,653 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARMK now has a Market Capitalization of 8.29B and an Enterprise Value of 14.26B. As of this moment, Aramark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.22, and their Forward P/E ratio for the next fiscal year is 16.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 0.74 whereas that against EBITDA is 7.68.
Stock Price History:
Over the past 52 weeks, ARMK has reached a high of $33.04, while it has fallen to a 52-week low of $23.94. The 50-Day Moving Average of the stock is 30.17, while the 200-Day Moving Average is calculated to be 28.41.
Shares Statistics:
For the past three months, ARMK has traded an average of 2.35M shares per day and 2.56M over the past ten days. A total of 261.45M shares are outstanding, with a floating share count of 260.53M. Insiders hold about 0.73% of the company’s shares, while institutions hold 102.36% stake in the company. Shares short for ARMK as of Feb 29, 2024 were 4.98M with a Short Ratio of 2.12, compared to 4.69M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.90% and a Short% of Float of 2.14%.
Dividends & Splits
According to the company, the forward annual dividend rate for ARMK is 0.41, from 0.41 in the trailing year. Against a Trailing Annual Dividend Yield of 1.30%, it implies a Forward Annual Dividend Yield of 1.20%. The stock’s 5-year Average Dividend Yield is 1.30.
Earnings Estimates
There are 13 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.26, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.31, with high estimates of $0.33 and low estimates of $0.28.
Analysts are recommending an EPS of between $1.63 and $1.51 for the fiscal current year, implying an average EPS of $1.56. EPS for the following year is $1.95, with 14 analysts recommending between $2.14 and $1.71.
Revenue Estimates
A total of 15 analysts have provided revenue estimates for ARMK’s current fiscal year. The highest revenue estimate was $17.52B, while the lowest revenue estimate was $17.32B, resulting in an average revenue estimate of $17.43B. In the same quarter a year ago, actual revenue was $18.85B, down -7.50% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $18.41B in the next fiscal year. The high estimate is $18.59B and the low estimate is $18.17B. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
