Somewhat Positive Media Coverage Somewhat Unlikely to Affect Aramark (ARMK) Stock Price
News articles about Aramark (NYSE:ARMK) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Aramark earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.8031650566496 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Aramark (ARMK) Shares Needle Moving -0.95% – Sparta Review (spartareview.com)
- Aramark (ARMK) – Nomura Maintains Rating And Raises Price Target – Highlight Press (highlightpress.com)
- Artisan Partners Limited Partnership Adjusts Its Position in Aramark (ARMK) Stock Last Quarter – Modern Readers (modernreaders.com)
- Aramark (ARMK) Ex-Dividend Date Scheduled for August 14, 2017 – Nasdaq (nasdaq.com)
- University of South Carolina Names Aramark New Food & Beverage Services Provider for Athletics Facilities (finance.yahoo.com)
Shares of Aramark (NYSE ARMK) remained flat at $39.35 during trading on Friday. The company had a trading volume of 1,058,792 shares. Aramark has a one year low of $32.73 and a one year high of $41.72. The firm has a market cap of $9.64 billion, a PE ratio of 28.51 and a beta of 0.48. The firm has a 50 day moving average price of $40.38 and a 200 day moving average price of $37.58.
Aramark (NYSE:ARMK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.61 billion. Aramark had a return on equity of 19.29% and a net margin of 2.37%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, equities analysts forecast that Aramark will post $1.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Wednesday, August 16th will be given a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, August 14th. Aramark’s dividend payout ratio is currently 29.93%.
Several brokerages have commented on ARMK. BidaskClub upgraded shares of Aramark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Barclays PLC increased their price target 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 reiterated a “buy” rating and issued a $45.00 price target (up from $43.00) on shares of Aramark in a research note on Wednesday. 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 increased their price target on shares of Aramark from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.10.
In related news, SVP Brian P. Pressler sold 10,629 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $40.80, for a total transaction of $433,663.20. Following the sale, the senior vice president now directly owns 14,285 shares of the company’s stock, valued at approximately $582,828. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen R. Reynolds sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $40.41, for a total value of $1,212,300.00. Following the sale, the executive vice president now directly owns 62,460 shares in the company, valued at $2,524,008.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,629 shares of company stock worth $5,618,413. Corporate insiders own 2.90% of the company’s stock.
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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