Analysts expect Archrock Inc (NYSE:AROC) to report $249.35 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Archrock’s earnings, with the lowest sales estimate coming in at $246.70 million and the highest estimate coming in at $252.00 million. Archrock posted sales of $226.87 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The firm is expected to report its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Archrock will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $993.50 million to $1.02 billion. For the next year, analysts expect that the business will post sales of $1.10 billion, with estimates ranging from $1.07 billion to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Archrock.
Archrock (NYSE:AROC) last announced its earnings results on Monday, April 29th. The energy company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The business had revenue of $236.16 million during the quarter, compared to the consensus estimate of $239.45 million. During the same quarter last year, the firm earned $0.02 earnings per share. Archrock’s quarterly revenue was up 11.4% on a year-over-year basis.
AROC has been the subject of several research analyst reports. ValuEngine downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, B. Riley set a $17.00 price target on shares of Archrock and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.75.
NYSE AROC traded up $0.27 during mid-day trading on Monday, reaching $9.37. 9,694 shares of the stock were exchanged, compared to its average volume of 677,164. Archrock has a one year low of $7.26 and a one year high of $13.75. The company has a market capitalization of $1.19 billion, a PE ratio of 19.42 and a beta of 2.78. The company has a quick ratio of 0.95, a current ratio of 1.39 and a debt-to-equity ratio of 1.88.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.132 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date was Tuesday, May 7th. Archrock’s dividend payout ratio is currently 110.42%.
Several hedge funds and other institutional investors have recently modified their holdings of AROC. Norges Bank acquired a new position in shares of Archrock during the fourth quarter valued at about $16,222,000. Marshall Wace North America L.P. grew its holdings in shares of Archrock by 185.9% during the first quarter. Marshall Wace North America L.P. now owns 1,068,852 shares of the energy company’s stock valued at $10,454,000 after buying an additional 695,018 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Archrock by 50.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,008,311 shares of the energy company’s stock valued at $15,042,000 after buying an additional 672,408 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Archrock by 4,678.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 671,201 shares of the energy company’s stock valued at $5,028,000 after buying an additional 657,155 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Archrock by 74.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,502,036 shares of the energy company’s stock valued at $11,250,000 after buying an additional 639,394 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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