Archrock (AROC) Scheduled to Post Quarterly Earnings on Tuesday

Archrock (NYSE:AROC) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Archrock to post earnings of $0.22 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The company had revenue of $259.60 million during the quarter, compared to analyst estimates of $252.42 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts expect Archrock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Archrock Trading Up 0.8 %

Shares of AROC stock opened at $20.20 on Monday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. Archrock has a 1 year low of $8.78 and a 1 year high of $21.40. The stock has a fifty day moving average of $19.22 and a two-hundred day moving average of $16.32. The firm has a market capitalization of $3.16 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.91 and a beta of 1.59.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. Archrock’s dividend payout ratio (DPR) is presently 98.51%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.