Aramark (NYSE:ARMK) is set to announce third quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ARMK to report 3Q20 loss of $ 0.68 per share.
For the full year, analysts anticipate top line of $ 13231.20 million, while looking forward to income of $ 0.29 per share bottom line.
Previous Quarter Performance
Aramark communicated income for the second quarter of $ 0.26 per share, from the revenue of $ 3,732.00 million. The quarterly earnings lowered 42.22 percent compared with the same quarter last year. Street analysts expected Aramark to report income of $ 0.25 per share on revenue of $ 3736.12 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 4.00 percent, at the same time, top line results fell short of analysts by $ 4.12 million or 0.11 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ARMK was $ 20.83, representing a 115.85 % increase from the 52 week low of $ 9.65 and a 55.89 % decrease over the 52 week high of $ 47.22.
The company has a market capital of $ 5.26 billion and is part of the Consumer Cyclical sector and Restaurants industry.
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Recent Analyst recommendations
- On 10th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 25.00 target price.
- On 25th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 26.00 target price.
- On 16th June 2020, maintained by Citigroup at Buy rating, with $ 29.00 target price.
Recent Stock Dividend Announcement
On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.11 per share to holders of record as of the close of business on May 19, 2020, with payment date of June 2, 2020 and ex-dividend date on May 18, 2020.
Conference Call
Aramark will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aramark.com
Aramark provides food, facilities management, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in North America and internationally. It operates in three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers managed services, including dining, catering, food service management, and convenience-oriented retail operations; non-clinical support services, such as patient food and nutrition, retail food, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, clinical equipment maintenance, grounds keeping, and capital project management services.
