Archrock (AROC) Set to Announce Earnings on Wednesday

Archrock (NYSE:AROC) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm had revenue of $268.49 million during the quarter, compared to analyst estimates of $260.51 million. During the same period in the previous year, the company earned $0.10 earnings per share. Archrock’s quarterly revenue was up 3.4% 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 Down 1.6 %

NYSE:AROC opened at $21.69 on Thursday. The company has a market cap of $3.39 billion, a PE ratio of 26.13, a P/E/G ratio of 1.72 and a beta of 1.53. The business’s 50 day moving average is $20.27 and its two-hundred day moving average is $18.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.78. Archrock has a 52 week low of $10.85 and a 52 week high of $23.44.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Monday, May 6th. Archrock’s dividend payout ratio is currently 79.52%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AROC. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Royal Bank of Canada upped their target price on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus raised their price target on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Archrock currently has a consensus 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.