G&K Services Inc (GK) to Release Quarterly Earnings on Tuesday

G&K Services Inc (GK) to Release Quarterly Earnings on Tuesday

G&K Services Inc (NASDAQ:GK) is set to release its Q217 earnings data on Tuesday, January 31st. Analysts expect G&K Services to post earnings of $0.99 per share and revenue of $249.31 million for the quarter.

G&K Services Inc (NASDAQ:GK) opened at 96.47 on Monday. The firm has a market cap of $1.90 billion, a P/E ratio of 29.15 and a beta of 1.03. G&K Services Inc has a 52-week low of $60.95 and a 52-week high of $98.22. The company’s 50 day moving average is $96.45 and its 200-day moving average is $93.25.

In other news, Director Alice M. Richter sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $94.76, for a total value of $227,424.00. Following the transaction, the director now owns 15,095 shares in the company, valued at $1,430,402.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.66% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in GK. BOKF NA boosted its stake in G&K Services by 0.4% in the second quarter. BOKF NA now owns 4,140 shares of the company’s stock valued at $317,000 after buying an additional 17 shares during the period. Segall Bryant & Hamill LLC boosted its stake in G&K Services by 1.5% in the second quarter. Segall Bryant & Hamill LLC now owns 4,342 shares of the company’s stock valued at $332,000 after buying an additional 63 shares during the period. Arizona State Retirement System raised its position in shares of G&K Services by 1.0% in the second quarter. Arizona State Retirement System now owns 10,261 shares of the company’s stock valued at $786,000 after buying an additional 100 shares in the last quarter. Profund Advisors LLC raised its position in shares of G&K Services by 2.7% in the second quarter. Profund Advisors LLC now owns 4,319 shares of the company’s stock valued at $331,000 after buying an additional 113 shares in the last quarter. Finally, BlackRock Advisors LLC raised its position in shares of G&K Services by 1.6% in the second quarter. BlackRock Advisors LLC now owns 9,310 shares of the company’s stock valued at $713,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

GK has been the topic of several research reports. Zacks Investment Research raised shares of G&K Services from a “sell” rating to a “hold” rating in a research note on Monday, November 21st. Barrington Research downgraded shares of G&K Services from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. G&K Services has a consensus rating of “Hold” and an average price target of $104.00.

G&K Services Company Profile

G&K Services, Inc is a service-focused provider of branded uniform and facility services programs. The Company provides a range of workwear and protective safety apparel through rental and direct purchase programs. The Company also supplies various facility products and services, including floor mats, towels, mops, restroom hygiene products, and first aid supplies.

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