The price of Aramark (NYSE:ARMK) shares last traded on Wall Street rose 3.61% to $31.86.
ARMK stock price is now 0.84% away from the 50-day moving average and 11.02% away from the 200-day moving average. The market capitalization of the company currently stands at $8.36B.
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With the price target of $33, Goldman recently initiated with Buy rating for Aramark (NYSE: ARMK). On January 08, 2024, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $33, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Harrington Lauren A, SVP and General Counsel sold 13,384 shares of the company’s stock on Mar 05 ’24. The stock was sold for $415,208 at an average price of $31.02. Upon completion of the transaction, the SVP and General Counsel now directly owns 95,284 shares in the company, valued at $3.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, SVP and General Counsel Harrington Lauren A sold 4,274 shares of the business’s stock. A total of $116,819 was realized by selling the stock at an average price of $27.33. This leaves the insider owning 95,142 shares of the company worth $3.03 million. A total of 0.73% of the company’s stock is owned by insiders.
During the past 12 months, Aramark has had a low of $23.95 and a high of $33.04. As of last week, the company has a debt-to-equity ratio of 2.15, a current ratio of 1.25, and a quick ratio of 1.11.
According to the Specialty Business Services Company, earnings per share came in at 0.36, beating analysts’ expectations of 0.34 by 0.02. This compares to $0.16 EPS in the same period last year. The net profit margin was 3.43% and return on equity was 20.61% for ARMK. The company reported revenue of $4.2 billion for the quarter, compared to $3.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.25 percent. For the current quarter, analysts expect ARMK to generate $4.32B in revenue.
