G&K Services Inc (GK) is Downgraded by Sidoti to Neutral

G&K Services Inc (GK) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Jun 6, 2016.

On the company’s financial health, G&K Services Inc reported $0.89 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.89. The company had revenue of $239.30 million for the quarter, compared to analysts expectations of $241.29 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

G&K Services Inc closed down -0.53 points or -0.69% at $75.91 with 74,961 shares getting traded on Friday. Post opening the session at $76.31, the shares hit an intraday low of $75.13 and an intraday high of $76.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 4, 2016, Thomas Joseph Dietz (Vice President and Controller) sold 1,068 shares at $71.05 per share price. According to the SEC, on Feb 29, 2016, John S Bronson (director) sold 4,105 shares at $65.78 per share price. On Nov 10, 2015, Alice M Richter (director) sold 1,500 shares at $66.64 per share price, according to the Form-4 filing with the securities and exchange commission.

G&K Services Inc. is a service-focused market leader of branded uniform and facility services programs. The Company’s facility products and services include floor mats towels mops and restroom hygiene products. The Company serves customers in industries including automotive warehousing distribution transportation energy manufacturing food processing pharmaceutical retail restaurants hospitality government healthcare and others. The Company provides service to customers of every size from Fortune 100 companies to small and midsize firms. The Company offers facility services programs that provide dust control maintenance hand care and hygiene products and services. These programs include floor mat offerings such as traction control logo message scraper anti-fatigue; towel products such as shop kitchen bar bath dish continuous roll microfiber; mop offerings such as dust microfiber wet; fender covers selected linen items and restroom hygiene products.

G&K Services Inc

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