Arko Corp. (NASDAQ:ARKO) Expected to Announce Earnings of $0.13 Per Share

Equities analysts predict that Arko Corp. (NASDAQ:ARKO) will post earnings per share of $0.13 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arko’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.07. The firm is scheduled to issue its next earnings results on Thursday, August 12th.

On average, analysts expect that Arko will report full year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.12 to $0.36. For the next fiscal year, analysts forecast that the company will post earnings of $0.39 per share, with EPS estimates ranging from $0.18 to $0.70. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Arko.

Arko (NASDAQ:ARKO) last announced its earnings results on Wednesday, March 24th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.16). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.38 billion.

A number of equities research analysts have weighed in on ARKO shares. Stifel Nicolaus started coverage on Arko in a research note on Friday, March 19th. They set a “buy” rating and a $12.00 price objective for the company. Capital One Financial reiterated an “overweight” rating on shares of Arko in a research report on Friday, May 28th. Finally, Zacks Investment Research upgraded Arko from a “sell” rating to a “hold” rating in a research report on Wednesday, May 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.67.

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new position in Arko during the 4th quarter valued at approximately $103,000. Bank of New York Mellon Corp acquired a new position in Arko during the 4th quarter valued at approximately $97,000. Monashee Investment Management LLC acquired a new position in Arko during the 4th quarter valued at approximately $9,000,000. Baird Financial Group Inc. acquired a new position in Arko during the 4th quarter valued at approximately $6,007,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Arko during the 4th quarter valued at approximately $90,000. Institutional investors own 45.96% of the company’s stock.

Shares of NASDAQ ARKO opened at $10.82 on Tuesday. Arko has a fifty-two week low of $7.58 and a fifty-two week high of $11.40. The company’s 50 day simple moving average is $10.32. The company has a current ratio of 1.45, a quick ratio of 0.98 and a debt-to-equity ratio of 4.90. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 77.29 and a beta of 0.13.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents.

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