Aramark (NYSE: ARMK) has reported E.P.S. of $0.22 for its third fiscal quarter (ending June 30) versus $1.10 for the same period a year ago — a decline of -80%. Relative to the consensus estimate of $0.30, this was a shortfall of $-0.08. For the latest four quarters through June 30, E.P.S. were $1.32 versus $1.59 for the same period a year ago — a decline of -17%.
Recent Price Action
Aramark (NYSE: ARMK) stock closed at $33.22 on 8/6/24 after a modest gain of 0.5%. Moreover, exceptionally high trading volume at 227% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -2.0% during the last week.
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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Aramark has a neutral Appreciation Score of 49 but a good Power Rating of 72, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment