With 3.33 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.0 million shares. During the session, the Specialty Business Services company that operates in wider Industrials sector, reached to the highest price of $40.45 whereas the lowest price it dropped to was $39.0. The 52-week range on ARMK shows that it touched its highest point at $42.04 and its lowest point at $26.58 during that stretch. It currently has a 1-year price target of $43.96. With its current market cap of 10.67 billion, ARMK has annualized dividend of $0.38 while the current yield stands at 0.94%. 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 up-trending over the past week, with a rise of 4.50%, but this was up by 5.81% over a month. Three-month performance surged to 13.67% while six-month performance rose 27.87%. The stock gained 44.98% in the past year, while it has gained 43.84% so far this year. A look at the trailing 12-month EPS for ARMK yields 0.98 with Next year EPS estimates of 2.30. For the next quarter, that number is 0.48. This implies an EPS growth rate of 24.17% for this year and 19.35% 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 -11.14%.
Float and Shares Shorts:
At present, 263.94 million ARMK shares are outstanding with a float of 261.75 million shares on hand for trading. On 2024-10-31, short shares totaled 5.81 million, which was 219.99999999999997 higher than short shares on 1727654400. 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 0.97400004 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 2024-09-27, ARMK reported revenue of $4416947000.0 and operating income of $218795000.0. The EBITDA in the recently reported quarter was $379095000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ARMK since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ARMK analysts setting a high price target of 47.0 and a low target of 38.43, the average target price over the next 12 months is 43.69533. Based on these targets, ARMK could surge 16.28% to reach the target high and fall by -4.92% to reach the target low. Reaching the average price target will result in a growth of 8.1% from current levels.
Analysts have provided yearly estimates in a range of $1.59797 being high and $1.50864 being low. For ARMK, this leads to a yearly average estimate of $1.53842. The surprise factor in the prior quarter was $0.3. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.37.
