Currently, there are 261.45M common shares owned by the public and among those 260.53M shares have been available to trade.
However, the script later moved the day high at 32.52, down -0.98%. The company’s stock has a 5-day price change of 0.78% and 11.53% over the past three months. ARMK shares are trading 14.63% year to date (YTD), with the 12-month market performance up to 27.99% higher. It has a 12-month low price of $23.95 and touched a high of $33.04 over the same period. ARMK has an average intraday trading volume of 2.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.30%, 4.23%, and 12.78% respectively.
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Institutional ownership of Aramark (NYSE: ARMK) shares accounts for 102.36% of the company’s 261.45M shares outstanding.
It has a market capitalization of $8.45B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 13.48, while the earnings-per-share (ttm) stands at $2.39. The company has a PEG of 0.68 and a Quick Ratio of 1.12 with the debt-to-equity ratio at 2.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.31% over the month.
Analysts forecast that Aramark (ARMK) will achieve an EPS of $0.27 for the current quarter, $0.31 for the next quarter and $1.95 for 2025. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.28. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.22%, and 25.70% over the next financial year. EPS should grow at an annualized rate of 19.79% over the next five years, compared to 2.75% over the past 5-year period.
Looking at the support for the ARMK, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on January 17, 2024, with the firm’s price target at $33. Truist coverage for the Aramark (ARMK) stock in a research note released on January 08, 2024 offered a Buy rating with a price target of $33. Jefferies was of a view on October 09, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on September 01, 2023, issuing a price target of $45- $47. UBS on their part issued Buy rating on August 22, 2023.
