Overview
- The company plans to post quarterly results before the opening bell, with consensus calling for earnings of 48 cents a share.
- Revenue is estimated at $4.76 billion, which compares with $4.28 billion in the same quarter a year earlier.
- Expectations imply profit growth from last year’s 34 cents per share, pointing to a stronger year-over-year performance.
- UBS analyst Joshua Chan reaffirmed a Buy rating on April 8 and raised his price target to $48.
- Aramark pays a 12-cent quarterly dividend that yields about 1.06%, and earning about $500 a month at that rate would require roughly 12,500 shares, or about $563,500 at recent prices.