G&K Services Ends Trading Up 12% (GKSR)

Shares of G&K Services, Inc. GKSR closed on Tuesday up 12% at $27.18 per share. Tuesday's trading range for shares of G&K Services, Inc was between $25.06 and $27.27 per share. The consensus price target of analysts covering the company's stock is $27.80 per share. Volume of shares traded was 50,000, compared to the daily average volume of 44,000 total shares traded. G&K Services, Inc. (GKSR) released financial results on Tuesday morning that beat Wall Street estimates. G&K Services, Inc reported fiscal 1st quarter adjusted earnings of 35 cents per share, on revenue of $200.4 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 30 cents per share, on revenue of $198.47 million. Chief executive officer Douglas A. Milroy said, “The execution of our game plan continues to improve our financial results. We extended our positive trend of expanding operating margins, increased our productivity per employee and bettered our rental organic growth rate. Our focus on customer satisfaction has significantly increased our customer retention, contributing to our improved profitability.” Read more from Benzinga's Company news.