Equities analysts forecast that Archrock Inc (NYSE:AROC) will post sales of $258.00 million for the current quarter, according to Zacks. Two analysts have provided estimates for Archrock’s earnings, with the lowest sales estimate coming in at $254.50 million and the highest estimate coming in at $261.50 million. Archrock reported sales of $232.37 million in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The company is expected to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Archrock will report full year sales of $992.50 million for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $1.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Archrock.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, July 29th. The energy company reported $0.12 earnings per share (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 during the quarter, compared to analyst estimates of $249.35 million. During the same period in the previous year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

AROC has been the subject of several research reports. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. B. Riley set a $17.00 price target on shares of Archrock and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, ValuEngine downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th.

NYSE AROC traded down $0.35 during mid-day trading on Friday, hitting $9.05. The company’s stock had a trading volume of 912,711 shares, compared to its average volume of 896,634. The company’s 50 day simple moving average is $9.91 and its 200 day simple moving average is $9.83. Archrock has a twelve month low of $7.26 and a twelve month high of $13.15. 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 firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.85 and a beta of 2.78.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This is a boost from Archrock’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 6.41%. Archrock’s dividend payout ratio (DPR) is 120.83%.

In related news, CFO Doug S. Aron acquired 10,550 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $8.20 per share, for a total transaction of $86,510.00. Following the purchase, the chief financial officer now owns 132,589 shares in the company, valued at $1,087,229.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider D Bradley Childers bought 12,050 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $8.19 per share, for a total transaction of $98,689.50. The disclosure for this purchase can be found here. 1.99% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Invesco Ltd. raised its stake in shares of 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. Norges Bank purchased a new position in Archrock during the 4th quarter valued at about $16,222,000. Nuveen Asset Management LLC purchased a new position in Archrock during the 2nd quarter valued at about $16,939,000. BlackRock Inc. grew its stake in Archrock by 4.2% in the second 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. Finally, Marshall Wace North America L.P. grew its stake in Archrock by 185.9% in the first quarter. Marshall Wace North America L.P. now owns 1,068,852 shares of the energy company’s stock worth $10,454,000 after purchasing an additional 695,018 shares during the period. Institutional investors own 88.99% of the company’s stock.

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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