How Does Wall Street Rate Shares Of Aramark (ARMK)?

Aramark (NYSE:ARMK) saw an upside of 0.55% to close Monday at $36.77 after adding $0.2 on the day. The 5-day average trading volume is 1,863,880 shares of the company’s common stock. It has gained $37.31 in the past week. An average of 2,223,890 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,056,846.

ARMK’s 1-month performance is 12.72% or $4.15 on its low of $31.22 reached on 09/20/21. The company’s shares have touched a 52-week low of $26.93 and high of $43.12, with the stock’s rally to the 52-week high happening on 03/15/21. YTD, ARMK has lost -4.44% or -$1.71. However, the current price is down -14.73%% from the 52-week high price.


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Insider Transactions

On Mar 11, 215 days have gone by since the last insider trading activity for Aramark (ARMK). Harrington Lauren A (SVP and General Counsel) most recently sold 10,000 shares at $41.99 per share on Mar 11. This transaction cost the insider $419,851. EVP, Human Resources, MCKEE LYNN, sold 94,518 shares at a price of $42.00 on Mar 09. Then, on Dec 03, EVP, Human Resources MCKEE LYNN sold 25,828 shares at a price of $37.05 per share. This transaction amounted to $956,927.

Valuation Metrics

Aramark (ARMK) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 30.68 for the sector. The company’s PE ratio for the last five years has touched a high of 73.30 and a low of 9.515. ARMK stock has a beta of 1.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.84 while the price-to-book (PB) in the most recent quarter is 3.49.

Aramark pays an annual dividend of $0.44 per share. Its dividend yield is 1.20%. ARMK’s most recent quarterly dividend payment was made on Sep. 8, when it paid $0.11 a share compared with prior rate of $0.11, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0050 reported on Wednesday November 14 2018. Measured over the last 3 years, the Dividend has been growing by 6.28% yearly.

It is projected that Aramark’s next ex-dividend date will be on 2-Dec. ARMK is expected to distribute $0.11 as its next dividend.

Aramark’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 1.10 meaning that ARMK stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.83, while the total debt to equity was 2.85. In terms of profitability, the gross margin trailing 12 months is 8.50%. The trailing 12-month EBITDA margin is 6.67% while for the period ending June 29; Aramark’s operating margin was -0.90%. The firm’s gross profit as reported stood at $835.89 million against revenue of $12.83 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 27.81% to $2.98 billion, while revenue of $2.82 billion was 5.42% off the previous quarter. Analysts expected ARMK to announce $0.01 per share in earnings in its latest quarter, but it posted $0.02, representing a 100.00% surprise. EBITDA for the quarter stood at more than $210.44 million. ARMK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.36 billion, with total debt at $8.13 billion. Shareholders hold equity totaling $255.24 million

Technical Picture

Let’s look briefly at Aramark (ARMK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 73.98% to suggest the stock is trending Overbought, with historical volatility in this time period at 43.63%.

The stock’s 5-day moving average is $36.54, reflecting a +2.39% or $0.86 change from its current price. ARMK is currently trading +10.99% above its 20-day SMA, -1.08% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.67% and -2.03% respectively.

Stochastic %K and %D was 90.13% and 92.52% and the average true range (ATR) pointed at 0.98. The RSI (14) points at 66.90%, while the 14-day stochastic is at 90.32% with the period’s ATR at 0.98. The stock’s 9-day MACD Oscillator is pointing at 1.00 and 1.87 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Aramark (NYSE: ARMK), Barclays downgraded it to an Underweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for ARMK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ARMK as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

What is ARMK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $50.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Aramark (ARMK) stock is $40.15.

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