Archrock (AROC) Scheduled to Post Quarterly Earnings on Wednesday

Archrock (NYSE:AROC) will announce its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts expect Archrock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Archrock Stock Performance

Archrock stock traded down $0.12 on Tuesday, reaching $21.51. 348,401 shares of the stock were exchanged, compared to its average volume of 1,455,592. The stock has a market cap of $3.36 billion, a PE ratio of 26.06, a PEG ratio of 1.74 and a beta of 1.53. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. Archrock has a twelve month low of $11.52 and a twelve month high of $23.44. The firm has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $19.12.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, August 6th. Archrock’s dividend payout ratio (DPR) is currently 79.52%.

Wall Street Analysts Forecast Growth

AROC has been the topic of a number of research reports. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Stifel Nicolaus increased their target price on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.33.

About Archrock

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.