The Positive Press Coverage Likely to Affect Aramark (ARMK) Share Price

The Positive Press Coverage Likely to Affect Aramark (ARMK) Share Price

Here are some of the media headlines that may have impacted AlphaOne’s rankings:

News headlines about Aramark (NYSE:ARMK) have been trending positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aramark earned a news sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also gave press coverage about the company an impact score of 69 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next few days.

Aramark (ARMK) opened at 38.79 on Monday. The firm’s 50-day moving average price is $36.87 and its 200 day moving average price is $35.80. The stock has a market capitalization of $9.47 billion, a P/E ratio of 29.79 and a beta of 0.48. Aramark has a 12-month low of $31.38 and a 12-month high of $38.86. Aramark (NYSE:ARMK) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. Aramark had a net margin of 2.21% and a return on equity of 18.87%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that Aramark will post $1.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Wednesday, May 17th will be given a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, May 15th. Aramark’s dividend payout ratio is presently 32.03%. Several research analysts have recently weighed in on ARMK shares. Zacks Investment Research cut Aramark from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Goldman Sachs Group Inc raised Aramark from a “buy” rating to a “conviction-buy” rating and set a $44.00 price target for the company in a research note on Thursday, March 2nd. Finally, Deutsche Bank AG started coverage on Aramark in a research note on Wednesday, February 22nd. They issued a “buy” rating and a $42.00 price objective for the company. 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’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $42.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Wednesday, May 17th will be given a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, May 15th. Aramark’s dividend payout ratio is presently 32.03%. In other Aramark news, VP James J. Tarangelo sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $37.15, for a total transaction of $111,450.00. Following the completion of the transaction, the vice president now directly owns 2,871 shares of the company’s stock, valued at approximately $106,657.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARMK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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