Aramark (NYSE: ARMK) is -2.28% lower on its value in year-to-date trading and has touched a low of $29.82 and a high of $42.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARMK stock was last observed hovering at around $36.74 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $36.46, the stock is -3.03% and -3.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -0.76% at the moment leaves the stock -0.22% off its SMA200. ARMK registered 18.88% gain for a year compared to 6-month gain of 2.73%.
The stock witnessed a -7.41% loss in the last 1 month and extending the period to 3 months gives it a -10.77%, and is -1.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.63% over the month.
Aramark (ARMK) has around 266680 employees, a market worth around $9.67B and $17.55B in sales. Current P/E ratio is 28.72 and Fwd P/E is 16.07. Profit margin for the company is 1.94%. Distance from 52-week low is 22.28% and -14.19% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
with sales reaching $4.36B over the same period.The EPS is expected to grow by 23.69% this year, but quarterly earnings will post 7.12% year-over-year. Quarterly sales are estimated to grow 3.85% in year-over-year returns.
The shares outstanding are 265.65M, and float is at 263.34M with Short Float at 1.74%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.35 million shares valued at $862.46 million. The investor’s holdings represent 9.6452 of the ARMK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.4 million shares valued at $761.94 million to account for 8.5211 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 22.15 million shares representing 8.4103 and valued at over $753.55 million, while FARALLON CAPITAL MANAGEMENT LLC holds 6.4274 of the shares totaling 16.93 million with a market value of $575.93 million.
Aramark (ARMK) Insider Activity
The most recent transaction is an insider sale by Harrington Lauren A, the company’s SVP and General Counsel. SEC filings show that Harrington Lauren A sold 7,909 shares of the company’s common stock on Nov 26 ’24 at a price of $42.17 per share for a total of $0.33 million. Following the sale, the insider now owns 89447.0 shares.
Still, SEC filings show that on Mar 05 ’24, Harrington Lauren A (SVP and General Counsel) disposed off 13,384 shares at an average price of $31.02 for $0.42 million. The insider now directly holds 95,284 shares of Aramark (ARMK).
