Wall Street brokerages expect Archrock Inc (NYSE:AROC) to announce $246.45 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Archrock’s earnings, with the lowest sales estimate coming in at $246.20 million and the highest estimate coming in at $246.70 million. Archrock reported sales of $226.87 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The firm is expected to issue its next earnings report on Thursday, August 1st.

On average, analysts expect that Archrock will report full-year sales of $993.50 million for the current financial year. For the next financial year, analysts forecast that the company will post sales of $1.08 billion, with estimates ranging from $1.07 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Archrock.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Monday, April 29th. The energy company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The firm had revenue of $236.16 million for the quarter, compared to analyst estimates of $239.45 million. During the same quarter in the previous year, the business posted $0.02 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year.

AROC has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating on shares of Archrock in a report on Friday, February 22nd. Zacks Investment Research lowered shares of Archrock from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.50.

AROC stock traded up $0.18 during trading on Friday, reaching $9.25. The stock had a trading volume of 522,413 shares, compared to its average volume of 876,821. Archrock has a 1-year low of $7.26 and a 1-year high of $13.75. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.39 and a quick ratio of 0.95. The firm has a market capitalization of $1.21 billion, a P/E ratio of 19.27 and a beta of 2.86.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were issued a $0.132 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.53 dividend on an annualized basis and a yield of 5.71%. Archrock’s dividend payout ratio is currently 110.42%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Archrock by 1.4% in the 1st quarter. BlackRock Inc. now owns 20,149,575 shares of the energy company’s stock worth $197,062,000 after purchasing an additional 281,092 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Archrock by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,695,504 shares of the energy company’s stock worth $167,085,000 after purchasing an additional 331,688 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Archrock by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,739,703 shares of the energy company’s stock worth $85,475,000 after purchasing an additional 601,716 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Archrock by 24.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,747,004 shares of the energy company’s stock worth $20,575,000 after purchasing an additional 538,847 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Archrock in the 4th quarter worth about $16,222,000. 86.74% of the stock is 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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Earnings History and Estimates for Archrock (NYSE:AROC)

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