G&K Services Inc (GK) Releases Earnings Results, Beats Expectations By $0.05 EPS

G&K Services Inc (GK) reported quarterly earnings results on Tuesday, Aug-16-2016. The company said it had a profit of $1.00 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.95. The company posted revenue of $258.50 million in the period, compared to analysts expectations of $257.80 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on G&K Services Inc. G&K Services Inc was Downgraded by Sidoti to ” Neutral” on Jun 6, 2016.

G&K Services Inc opened for trading at $81.12 and hit $82.25 on the upside on Monday, eventually ending the session at $82.13, with a gain of 1.42% or 1.15 points. The heightened volatility saw the trading volume jump to 76,330 shares. Company has a market cap of $1,623 M.

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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