G&K Services, Inc. (NASDAQ:GK) Given Price Target Of $77


As per G&K Services, Inc. (NASDAQ:GK)’s news release on 2016-05-03, its shareholders will get cash dividend of $0.37 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-02 and 2016-06-17, respectively.

The stock will commence trading ex-dividend from 2016-05-31, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year G&K Services, Inc. (NASDAQ:GK) disbursed $0.37 in dividend compared to distribution of $0.37, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 19.3548%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated G&K Services, Inc. (NASDAQ:GK) to attain a price target of $77. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $78. The low price range is set at $76 for next year while the arithmetic mean is seen at 2.67.

Eyeing Earnings G&K Services, Inc. (NASDAQ:GK) is likely to post quarterly numbers around 2016-08-16 for the quarter ending 2016-06-30. The quarterly EPS projection is set at $0.95 for the period ending on 2016-06-30.

In last quarter ended 2015-06-30, G&K Services, Inc. (NASDAQ:GK) earnings came at $0.89 suggesting a deviation of $0. The brokerages targeted EPS of $0.89 for the quarter.

Shares of the G&K Services, Inc. (NASDAQ:GK) traded in the range of $79.8 to $80.77 and closed the last trading session at $80.47 on a volume of ((Volume:238}}.

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