ARMK Stock Summary and Trading Ideas (Aramark | NYSE:ARMK)

Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international, food and support services united states and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.

Aramark trades on the NYSE stock market under the symbol ARMK.

As of April 18, 2024, ARMK stock price climbed to $31.20 with 1,869,065 million shares trading.

ARMK has a beta of 0.77, meaning it tends to be less sensitive to market movements. ARMK has a correlation of 0.14 to the broad based SPY ETF.

ARMK has a market cap of $8.18 billion. This is considered a Mid Cap stock.

Last quarter Aramark reported $4 billion in Revenue and $.41 earnings per share. This beat revenue expectation by $128 million and exceeded earnings estimates by $.05.

In the last 3 years, ARMK stock traded as high as $45.72 and as low as $23.95.

The top ETF exchange traded funds that ARMK belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

ARMK stock has underperformed the market in the last year with a return of +12.7%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ARMK shares. However, ARMK has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and -1.1%, while SPY returned +5.2% and -2.6%, respectively. This indicates ARMK has been having a stronger performance recently.

ARMK support price is $30.65 and resistance is $31.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARMK stock will trade within this expected range on the day.