For its second fiscal quarter (ending March 31), Aramark (NYSE: ARMK) has reported a 300% increase in E.P.S. from $0.05 a year ago to $0.20 in the current quarter. However, this result fell short of the consensus estimate of $0.36 by $-0.16. For the latest four quarters through March 31, E.P.S. were $2.40 versus $0.65 for the same period a year ago — an increase of 269%.
Recent Price Action
Aramark (NYSE: ARMK) stock declined by -2.8% on 5/7/24. The shares closed at $30.75. Moreover, this decline was accompanied by exceptionally high trading volume at 249% of normal. The stock has declined -5.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ARMK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Aramark has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Aramark has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 40, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment