Analysts Expect Arko Corp. (NASDAQ:ARKO) Will Announce Earnings of $0.03 Per Share

Brokerages expect Arko Corp. (NASDAQ:ARKOGet Rating) to post earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Arko’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.01. Arko posted earnings per share of ($0.13) during the same quarter last year, which suggests a positive year-over-year growth rate of 123.1%. The company is expected to announce its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Arko will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.78. For the next year, analysts anticipate that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.48 to $0.87. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Arko.

Arko (NASDAQ:ARKOGet Rating) last announced its earnings results on Wednesday, February 23rd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Arko had a return on equity of 26.95% and a net margin of 0.80%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted ($0.15) EPS.

Separately, Zacks Investment Research lowered Arko from a “buy” rating to a “hold” rating in a research note on Tuesday, January 11th.

NASDAQ:ARKO opened at $9.46 on Friday. Arko has a 1-year low of $7.32 and a 1-year high of $11.40. The business’s 50-day moving average price is $8.83 and its two-hundred day moving average price is $9.03. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 3.57. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 23.65 and a beta of 0.16.

The business also recently announced a — dividend, which was paid on Tuesday, March 29th. Shareholders of record on Tuesday, March 15th were paid a $0.02 dividend. This represents a yield of 1%. The ex-dividend date was Monday, March 14th. Arko’s payout ratio is 20.00%.

Several institutional investors have recently made changes to their positions in ARKO. Point72 Hong Kong Ltd bought a new stake in shares of Arko in the third quarter worth about $36,000. Morgan Stanley bought a new stake in shares of Arko in the first quarter worth about $94,000. Centiva Capital LP bought a new position in shares of Arko during the third quarter worth about $110,000. GSA Capital Partners LLP bought a new position in shares of Arko during the third quarter worth about $111,000. Finally, Stifel Financial Corp bought a new position in shares of Arko during the fourth quarter worth about $136,000. Institutional investors own 74.56% of the company’s stock.

About Arko (Get Rating)

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents.

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Earnings History and Estimates for Arko (NASDAQ:ARKO)

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