Press coverage about Aramark (NYSE:ARMK) has trended somewhat positive this week, according to Alpha One. The research firm, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Aramark earned a news sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave news articles about the company an impact score of 59 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Alpha One Sentiment Analysis’s scoring:
- Aramark : ARMK-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : May 18, 2017 (finance.yahoo.com)
- ETFs with exposure to Aramark : May 18, 2017 (finance.yahoo.com)
- Aramark’s (ARMK) noted a price change of -1.11% and Eldorado Resorts, Inc.’s (ERI) closes with a move of -2.06% – Stocks Gallery (stocksgallery.com)
- Aramark breached its 50 day moving average in a Bearish Manner : ARMK-US : May 18, 2017 (finance.yahoo.com)
- Aramark : As the 2017 NBA and NHL Playoff Races Heat Up, Aramark Rolls Out New Menus for Conference Finals (4-traders.com)
A number of brokerages have recently commented on ARMK. Deutsche Bank AG upped their price objective on shares of Aramark from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Aramark from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of Aramark in a research report on Friday, January 20th. Finally, Goldman Sachs Group Inc raised shares of Aramark from a “buy” rating to a “conviction-buy” rating and set a $44.00 price objective for the company in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.70.
Aramark (NYSE:ARMK) traded up 0.2954% during mid-day trading on Friday, reaching $36.7382. 120,672 shares of the company were exchanged. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 28.2167 and a beta of 0.48. Aramark has a 12-month low of $31.38 and a 12-month high of $38.30. The company’s 50 day moving average price is $36.65 and its 200-day moving average price is $35.76.
Aramark (NYSE:ARMK) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.63 billion. Aramark had a net margin of 2.21% and a return on equity of 18.87%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities research analysts forecast that Aramark will post $1.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Wednesday, May 17th will be issued a dividend of $0.103 per share. This represents a $0.41 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, May 15th. Aramark’s dividend payout ratio (DPR) is presently 32.03%.
In related news, EVP Lynn Mckee sold 118,000 shares of Aramark stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $35.72, for a total transaction of $4,214,960.00. Following the sale, the executive vice president now directly owns 254,622 shares of the company’s stock, valued at approximately $9,095,097.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen R. Reynolds sold 14,000 shares of Aramark stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $35.79, for a total transaction of $501,060.00. Following the sale, the executive vice president now directly owns 92,252 shares in the company, valued at $3,301,699.08. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.
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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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