Key Details
Price
$38.13Last Dividend
$0.10Annual ROE
7.76%Beta
0.84Events Calendar
Next earnings date:
Feb 04, 2025Recent quarterly earnings:
Nov 11, 2024Recent annual earnings:
Nov 11, 2024Next ex-dividend date:
Feb 10, 2025Recent ex-dividend date:
Dec 02, 2024Next split:
N/ARecent split:
Oct 02, 2023Analyst ratings
Recent major analysts updates
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Aramark (ARMK) has the right mix of two important factors that could lead to a strong earnings report soon. Be ready for the main expectations.
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK), a worldwide leader in food and facilities management, has announced that its CEO, John Zillmer, will take part in the Redburn Atlantic CEO Conference on Tuesday, December 3, 2024. The Fireside Chat session is set to start at 7:00 a.m. EST, which is 12:00 p.m. GMT. You can listen to the live audio webcast and find a replay of the session in the Investor Relations section of the Aramark website at www.aramark.com.
I maintain a buy rating for ARMK because of its strong outlook for FY25, which is supported by organic growth and a solid balance sheet. Aramark's earnings for the fourth quarter of 2024 met expectations, with revenue growth coming from organic sources and a strong pipeline. The introduction of Avendra, ARMK's global group purchasing organization, is anticipated to improve profit margins by using its scale to secure better purchasing agreements.
ARMK's financial results for the fourth quarter show that they achieved record revenues and profits in both areas, thanks to natural revenue growth and increased profitability.
U.S. stocks showed mixed results as trading came to a close, with the Nasdaq Composite dropping over 50 points on Monday.
Aramark (NYSE:ARMK) will hold its Q4 2024 Earnings Conference Call on November 11, 2024, at 8:30 AM ET. The call will feature company representatives, including Felise Kissell, John Zillmer, and Jim Tarangelo, along with various participants from different financial institutions. The operator, Kevin, will welcome everyone to the call and guide the discussion.
While the revenue and earnings per share (EPS) for Aramark (ARMK) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Aramark (ARMK) reported quarterly earnings of $0.54 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $0.64 per share from the same period last year.
PHILADELPHIA--(BUSINESS WIRE)--Aramark (NYSE: ARMK) has announced its financial results for the entire fiscal year of 2024. John Zillmer, the CEO of Aramark, stated, "We achieved record revenue and AOI profitability each quarter in fiscal 2024, marking the best performance in Global FSS history." He emphasized that these results reflect the dedication and hard work of their teams, who consistently strive for excellence.
Aramark (ARMK) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
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