Aramark (ARMK) To Go Ex-Dividend on August 19th

Aramark (NYSE:ARMK) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.12 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 19th.

Aramark has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Aramark has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aramark to earn $2.76 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 17.4%.

Aramark Trading Down 0.0%

Aramark stock opened at $62.38 on Monday. Aramark has a 12-month low of $35.07 and a 12-month high of $62.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.28 and a quick ratio of 1.14. The stock has a market capitalization of $16.44 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.12. The firm has a 50 day simple moving average of $56.30 and a 200-day simple moving average of $48.24.

Aramark (NYSE:ARMK) last announced its earnings results on Tuesday, August 11th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Aramark had a return on equity of 17.68% and a net margin of 1.93%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 earnings per share. Aramark has set its FY 2026 guidance at 2.180-2.280 EPS. As a group, equities research analysts expect that Aramark will post 2.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ARMK shares. Morgan Stanley set a $63.00 price objective on Aramark in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on shares of Aramark from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upped their price target on shares of Aramark from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday. Truist Financial raised their price objective on shares of Aramark from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Citigroup lifted their price objective on shares of Aramark from $70.50 to $74.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.07.

About Aramark

Aramark (NYSE: ARMK) is a global provider of food services, facilities management and uniform solutions, serving clients across a wide array of industries including education, healthcare, business and government. The company operates through three primary segments: Food and Support Services, Uniform and Career Apparel, and Facility Services, delivering integrated solutions designed to enhance guest experiences, improve operational efficiencies and maintain safe, clean environments. Aramark’s offerings include corporate dining, patient and senior nutrition, campus dining, sports and entertainment concessions, custodial services, technical maintenance and industrial laundry.

Founded in 1959 and headquartered in Philadelphia, Pennsylvania, Aramark has expanded its footprint to more than 20 countries, with a strong presence in North America, Latin America, Europe and Asia.