Aramark shares fell 2.3% despite Q2 earnings beating estimates, with brokerages raising target prices.
Aramark shares dropped 2.3% on Thursday to $35.13 after beating Q2 earnings estimates by $0.31 EPS, with $4.38B revenue, 3.43% net margin, and 13.82% ROE. Brokerages including JPMorgan, Deutsche Bank, and RBC raised their target prices and ratings. Aramark pays a $0.10 quarterly dividend, a 1.06% yield, and has a market cap of $9.42B. The company provides food and facility services internationally.
August 17, 2024
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