$239.15 Million in Sales Expected for Archrock Inc (AROC) This Quarter

Analysts expect Archrock Inc (NYSE:AROC) to report sales of $239.15 million for the current quarter, Zacks reports. Two analysts have made estimates for Archrock’s earnings, with the highest sales estimate coming in at $241.00 million and the lowest estimate coming in at $237.30 million. Archrock posted sales of $212.04 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 30th.

According to Zacks, analysts expect that Archrock will report full-year sales of $1.00 billion for the current fiscal year. For the next financial year, analysts anticipate that the business will post sales of $1.08 billion, with estimates ranging from $1.07 billion to $1.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Archrock.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, February 19th. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $232.15 million. Archrock had a return on equity of 4.09% and a net margin of 2.33%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.



Several research firms have weighed in on AROC. Zacks Investment Research cut Archrock from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley restated a “buy” rating on shares of Archrock in a report on Friday, February 22nd. Finally, ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Archrock has an average rating of “Buy” and a consensus price target of $14.00.

NYSE AROC opened at $10.75 on Thursday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 22.40 and a beta of 2.89. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.70 and a quick ratio of 1.19. Archrock has a 1-year low of $7.26 and a 1-year high of $13.75.

Several institutional investors have recently made changes to their positions in AROC. Norges Bank purchased a new position in shares of Archrock in the 4th quarter worth approximately $16,222,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Archrock by 50.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,008,311 shares of the energy company’s stock worth $15,042,000 after purchasing an additional 672,408 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Archrock by 4,678.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 671,201 shares of the energy company’s stock worth $5,028,000 after purchasing an additional 657,155 shares during the period. SG Capital Management LLC purchased a new position in shares of Archrock in the 4th quarter worth approximately $4,844,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Archrock by 74.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,502,036 shares of the energy company’s stock worth $11,250,000 after purchasing an additional 639,394 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Archrock Company Profile

Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History and Estimates for Archrock (NYSE:AROC)

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