Aramark (ARMK) reported quarterly earnings results on Wednesday, May-11-2016. The company reported $0.39 EPS for the quarter. Analysts had a consensus estimate of $0.39. The company posted revenue of $3574.80 million in the period, compared to analysts expectations of $3646.85 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Aramark. Aramark was Initiated by Berenberg to “Hold” on Apr 26, 2016. Nomura Initiated Aramark on Apr 20, 2016 to “Buy”, Price Target of the shares are set at $39.Aramark was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.
Aramark opened for trading at $34.03 and hit $34.35 on the upside on Tuesday, eventually ending the session at $34.34, with a gain of 0.91% or 0.31 points. The heightened volatility saw the trading volume jump to 18,92,268 shares. Company has a market cap of $8,307 M.
In a different news, on Mar 2, 2016, Lynn Mckee (EVP, Human Resources) sold 50,000 shares at $32.01 per share price. According to the SEC, on Aug 25, 2015, Todd M Abbrecht (director) sold 8,725,722 shares at $32.30 per share price. On Aug 24, 2015, David Barr (director) sold 6,517,070 shares at $32.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Aramark formerly ARAMARK Holdings Corporation is a global provider of food facilities and uniform services to education healthcare business and industry and sports leisure and corrections clients. The Companys core market is North America. It serves students patients employees sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges universities and K-12 schools services over 2000 healthcare facilities caters to approximately 100 million sports fans and operates in 22 countries in North America Europe Asia and South America as of September 28 2012. It operates in three reportable segments: food and Support Services North America or FSS North America Food and Support Services International or FSS International and Uniform and Career Apparel or Uniform.