With 1.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.19 million shares. The 52-week range on ARMK shows that it touched its highest point at $42.49 and its lowest point at $29.92 during that stretch. It currently has a 1-year price target of $45.00. With its current market cap of 10.19 billion, ARMK has annualized dividend of $0.41 while the current yield stands at 1.05%. Beta for the stock currently stands at 1.25.
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 1.43%, but this was up by 17.93% over a month. Three-month performance surged to 8.21% while six-month performance rose 4.38%. The stock gained 18.50% in the past year, while it has gained 4.21% so far this year. A look at the trailing 12-month EPS for ARMK yields 1.30 with Next year EPS estimates of 2.28. For the next quarter, that number is 0.40. This implies an EPS growth rate of 24.84% for this year and 17.67% for next year. EPS is expected to grow by 19.43% 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, 262.78 million ARMK shares are outstanding with a float of 260.32 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.6037 being high and $1.51405 being low. For ARMK, this leads to a yearly average estimate of $1.54393. Based on analyst estimates, the high estimate for the next quarter is $0.72 and the low estimate is $0.64. The average estimate for the next quarter is thus $0.68.
