A new trading day began on Monday, with Aramark (NYSE: ARMK) stock price up 1.19% from the previous day of trading, before settling in for the closing price of $31.87. ARMK’s price has ranged from $23.95 to $33.04 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 5.31% over the past five years. Meanwhile, its annual earnings per share averaged -9.52%. With a float of $260.52 million, this company’s outstanding shares have now reached $261.45 million.
Let’s look at the performance matrix of the company that is accounted for 262550 employees.
Aramark (ARMK) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Business Services Industry. The insider ownership of Aramark is 0.73%, while institutional ownership is 100.94%. The most recent insider transaction that took place on Mar 05 ’24, was worth 415,208. In this transaction SVP and General Counsel of this company sold 13,384 shares at a rate of $31.02, taking the stock ownership to the 95,284 shares. Before that another transaction happened on Dec 15 ’23, when Company’s SVP and General Counsel sold 4,274 for $27.33, making the entire transaction worth $116,819. This insider now owns 95,142 shares in total.
Aramark (ARMK) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2023, the company reported earnings of $0.41 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.79% during the next five years compared to 2.75% growth over the previous five years of trading.
Aramark (NYSE: ARMK) Trading Performance Indicators
Here are Aramark’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.45. Likewise, its price to free cash flow for the trailing twelve months is 34.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.39, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.93 in one year’s time.
Technical Analysis of Aramark (ARMK)
Aramark (NYSE: ARMK) saw its 5-day average volume 2.3 million, a negative change from its year-to-date volume of 2.48 million. As of the previous 9 days, the stock’s Stochastic %D was 52.88%. Additionally, its Average True Range was 0.65.
During the past 100 days, Aramark’s (ARMK) raw stochastic average was set at 87.77%, which indicates a significant increase from 69.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.12% in the past 14 days, which was lower than the 20.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.39, while its 200-day Moving Average is $28.65. Nevertheless, the first resistance level for the watch stands at $32.47 in the near term. At $32.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.99. If the price goes on to break the first support level at $31.96, it is likely to go to the next support level at $31.67. Assuming the price breaks the second support level, the third support level stands at $31.44.
Aramark (NYSE: ARMK) Key Stats
With a market capitalization of 8.46 billion, the company has a total of 262,454K Shares Outstanding. Currently, annual sales are 18,854 M while annual income is 674,110 K. The company’s previous quarter sales were 4,408 M while its latest quarter income was 28,540 K.
