With 4.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.94 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $38.5 whereas the lowest price it dropped to was $37.885. The 52-week range on ARMK shows that it touched its highest point at $39.99 and its lowest point at $25.92 during that stretch. It currently has a 1-year price target of $40.93. With its current market cap of 10.00 billion, ARMK has annualized dividend of $0.38 while the current yield stands at 1.00%. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARMK was down-trending over the past week, with a drop of -2.69%, but this was up by 1.91% over a month. Three-month performance surged to 12.84% while six-month performance rose 17.45%. The stock gained 43.23% in the past year, while it has gained 35.12% so far this year. A look at the trailing 12-month EPS for ARMK yields 1.31 with Next year EPS estimates of 1.93. For the next quarter, that number is 0.53. This implies an EPS growth rate of -9.45% for this year and 25.48% for next year. EPS is expected to grow by 11.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.75%.
Float and Shares Shorts:
At present, 263.45 million ARMK shares are outstanding with a float of 261.73 million shares on hand for trading. On 2024-09-30, short shares totaled 5.84 million, which was 222.00000000000003 higher than short shares on 1724976000. In addition to Mr. John J. Zillmer as the firm’s CEO & Director, Ms. Lauren A. Harrington serves as its Senior VP & General Counsel.
Institutional Ownership:
Through their ownership of 1.0824 of ARMK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-28, ARMK reported revenue of $4376076000.0 and operating income of $161679000.0. The EBITDA in the recently reported quarter was $269811000.0 and diluted EPS was $0.22.
