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

G&K Services Inc (GK) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Aug 18, 2016.

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.

On the company’s financial health, G&K Services Inc reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.95. The company had revenue of $258.50 million for the quarter, 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.

G&K Services Inc opened for trading at $96.75 and hit $97.84 on the upside on Wednesday, eventually ending the session at $97.19, with a gain of 0.51% or 0.49 points. The heightened volatility saw the trading volume jump to 9,22,493 shares. Company has a market cap of $1,920 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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