Brokerages expect that Archrock Inc (NYSE:AROC) will report $232.16 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Archrock’s earnings, with the highest sales estimate coming in at $232.50 million and the lowest estimate coming in at $231.81 million. Archrock posted sales of $208.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The firm is expected to report its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Archrock will report full-year sales of $903.45 million for the current year, with estimates ranging from $903.10 million to $903.80 million. For the next financial year, analysts forecast that the company will report sales of $1.03 billion, with estimates ranging from $1.02 billion to $1.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Archrock.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Wednesday, October 31st. The energy company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $232.37 million for the quarter, compared to the consensus estimate of $226.19 million. Archrock had a return on equity of 2.49% and a net margin of 6.32%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share.

A number of research analysts have recently issued reports on the company. Piper Jaffray Companies set a $14.00 price objective on Archrock and gave the company a “buy” rating in a research note on Thursday, October 18th. ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. B. Riley set a $16.00 price objective on Archrock and gave the company a “buy” rating in a research note on Sunday, October 7th. Zacks Investment Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price objective on shares of Archrock in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Archrock has a consensus rating of “Buy” and an average target price of $14.33.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Archrock in the second quarter worth about $523,000. Flinton Capital Management LLC lifted its holdings in Archrock by 90.0% in the second quarter. Flinton Capital Management LLC now owns 25,976 shares of the energy company’s stock worth $312,000 after buying an additional 12,308 shares during the period. Texas Permanent School Fund lifted its holdings in Archrock by 77.7% in the second quarter. Texas Permanent School Fund now owns 83,455 shares of the energy company’s stock worth $1,001,000 after buying an additional 36,486 shares during the period. Pinebridge Investments L.P. lifted its holdings in Archrock by 89.0% in the second quarter. Pinebridge Investments L.P. now owns 192,032 shares of the energy company’s stock worth $2,304,000 after buying an additional 90,403 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Archrock in the second quarter worth about $160,000. Institutional investors own 89.81% of the company’s stock.

AROC traded up $0.03 during trading on Friday, reaching $10.34. The stock had a trading volume of 22,585 shares, compared to its average volume of 1,012,089. The stock has a market cap of $1.33 billion, a PE ratio of -51.90 and a beta of 2.84. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 1.83. Archrock has a one year low of $8.25 and a one year high of $13.75.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were issued a dividend of $0.132 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.11%. Archrock’s dividend payout ratio is currently -265.00%.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. 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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