Wall Street analysts forecast that Archrock Inc (NYSE:AROC) will report $258.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Archrock’s earnings. The highest sales estimate is $261.50 million and the lowest is $254.50 million. Archrock posted sales of $232.37 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The firm is expected to issue its next earnings results on Wednesday, October 30th.
According to Zacks, analysts expect that Archrock will report full year sales of $992.50 million for the current year. For the next financial year, analysts forecast that the business will report sales of $1.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Archrock.
Archrock (NYSE:AROC) last issued its quarterly earnings data on Monday, July 29th. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Archrock had a net margin of 5.73% and a return on equity of 6.96%. The business had revenue of $238.39 million for the quarter, compared to analysts’ expectations of $249.35 million. During the same quarter in the prior year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis.
Shares of AROC traded up $0.17 during midday trading on Monday, hitting $10.86. 1,059,417 shares of the company’s stock traded hands, compared to its average volume of 855,047. Archrock has a 1 year low of $7.26 and a 1 year high of $12.79. The firm’s fifty day moving average is $9.65 and its 200-day moving average is $9.85. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 22.63 and a beta of 2.79.
In other Archrock news, CAO Donna A. Henderson sold 15,308 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $10.14, for a total transaction of $155,223.12. Following the sale, the chief accounting officer now directly owns 34,177 shares of the company’s stock, valued at approximately $346,554.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider D Bradley Childers purchased 12,050 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $8.19 per share, for a total transaction of $98,689.50. The disclosure for this purchase can be found here. Company insiders own 1.99% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in Archrock by 4.2% during the 2nd quarter. BlackRock Inc. now owns 20,991,569 shares of the energy company’s stock worth $222,511,000 after purchasing an additional 841,994 shares during the period. Vanguard Group Inc. grew its position in Archrock by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,494,728 shares of the energy company’s stock worth $164,244,000 after purchasing an additional 444,348 shares during the period. Dimensional Fund Advisors LP grew its position in Archrock by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,137,987 shares of the energy company’s stock worth $60,955,000 after purchasing an additional 562,836 shares during the period. Invesco Ltd. grew its position in Archrock by 1,041.3% during the 2nd quarter. Invesco Ltd. now owns 7,928,721 shares of the energy company’s stock worth $84,044,000 after purchasing an additional 7,234,028 shares during the period. Finally, Bank of America Corp DE grew its position in Archrock by 13.1% during the 2nd quarter. Bank of America Corp DE now owns 3,216,878 shares of the energy company’s stock worth $34,099,000 after purchasing an additional 372,020 shares during the period. 88.25% of the stock is currently owned by institutional investors.
Archrock Company Profile
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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