Aramark (NYSE:ARMK) has a beta value of 1.47 and has seen 2.15 million shares traded in the last trading session. The company, currently valued at $8.45B, closed the last trade at $32.21 per share which meant it lost -$0.32 on the day or -0.98% during that session. The ARMK stock price is -2.58% off its 52-week high price of $33.04 and 25.64% above the 52-week low of $23.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.95 million shares traded. The 3-month trading volume is 2.50 million shares.
Aramark (NYSE:ARMK) trade information
Sporting -0.98% in the red in last session, the stock has traded in the green over the last five days, when the ARMK stock price touched $32.21 or saw a rise of 1.83%. Year-to-date, Aramark shares have moved 14.63%, while the 5-day performance has seen it change 0.78%. Over the past 30 days, the shares of Aramark (NYSE:ARMK) have changed 1.74%. Short interest in the company has seen 5.1 million shares shorted with days to cover at 2.21.
Aramark (ARMK) estimates and forecasts
Figures show that Aramark shares have underperformed across the wider relevant industry. The company’s shares have gained 30.93% over the past 6 months, with this year growth rate of -8.24%, compared to 7.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -3.60% and -13.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be -7.50%.
12 analysts offering their estimates for the company have set an average revenue estimate of $4.24 billion for the current quarter. 12 have an estimated revenue figure of $4.33 billion for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.75% over the past 5 years. Earnings growth for 2024 is a modest -9.22% while over the next 5 years, the company’s earnings are expected to increase by 19.79%.
ARMK Dividends
Aramark is expected to release its next earnings report between May 07 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.35 at a share yield of 1.08%. The company’s dividend yield has gone up over the past 12 months.
Aramark (NYSE:ARMK)’s Major holders
Insiders own 0.69% of the company shares, while shares held by institutions stand at 102.84% with a share float percentage of 103.55%. Investors are also buoyed by the number of investors in a company, with Aramark having a total of 520 institutions that hold shares in the company. The top two institutional holders are Capital International Investors with over 33.66 million shares worth more than $1.45 billion. As of Jun 29, 2023, Capital International Investors held 12.89% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 25.29 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.09 billion and represent 9.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Balanced Fund and Eaton Vance Atlanta Capital SMID-Cap Fd. As of Sep 29, 2023, the former fund manager holds about 6.48% shares in the company for having 16.91 million shares of worth $586.88 million while later fund manager owns 8.97 million shares of worth $386.21 million as of Jun 29, 2023, which makes it owner of about 3.44% of company’s outstanding stock.
