Arko (ARKO) Scheduled to Post Quarterly Earnings on Tuesday

Arko (NASDAQ:ARKO) will release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Arko to post earnings of $0.18 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.15. Arko had a return on equity of 13.20% and a net margin of 0.39%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.11 billion. On average, analysts expect Arko to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arko Price Performance

Shares of ARKO stock traded up $0.02 during mid-day trading on Tuesday, reaching $6.44. The stock had a trading volume of 47,151 shares, compared to its average volume of 382,418. Arko has a 12-month low of $4.09 and a 12-month high of $8.42. The company has a market cap of $745.37 million, a P/E ratio of 24.69 and a beta of 0.45. The business has a 50-day simple moving average of $6.04 and a 200 day simple moving average of $6.19. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 4.13.

Arko Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, May 17th. Arko’s payout ratio is 46.16%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets decreased their price target on Arko from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Wells Fargo & Company cut their price objective on Arko from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, April 19th.

About Arko

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.