Analysts Anticipate Arko Corp. (NASDAQ:ARKO) Will Announce Quarterly Sales of $2.31 Billion

Equities analysts expect that Arko Corp. (NASDAQ:ARKOGet Rating) will report sales of $2.31 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Arko’s earnings. The highest sales estimate is $2.39 billion and the lowest is $2.21 billion. Arko reported sales of $1.91 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.9%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Arko will report full year sales of $8.80 billion for the current fiscal year, with estimates ranging from $8.45 billion to $9.10 billion. For the next financial year, analysts anticipate that the business will report sales of $8.64 billion, with estimates ranging from $7.87 billion to $9.64 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Arko.

Arko (NASDAQ:ARKOGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Arko had a return on equity of 32.38% and a net margin of 0.96%. During the same period in the previous year, the firm posted ($0.13) earnings per share.

Separately, Zacks Investment Research cut Arko from a “buy” rating to a “hold” rating in a research note on Friday, May 6th.

ARKO opened at $8.22 on Friday. The stock has a market cap of $1.00 billion, a PE ratio of 15.51 and a beta of 0.12. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 3.74. The business has a 50 day moving average of $8.94 and a 200-day moving average of $8.88. Arko has a 52 week low of $7.32 and a 52 week high of $11.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, May 27th. Arko’s payout ratio is presently 15.09%.

Hedge funds have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in Arko during the 3rd quarter valued at approximately $36,000. Teacher Retirement System of Texas bought a new stake in shares of Arko in the 1st quarter worth $93,000. Morgan Stanley bought a new stake in shares of Arko in the 1st quarter worth $94,000. Centiva Capital LP bought a new stake in shares of Arko in the 3rd quarter worth $110,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Arko in the 3rd quarter worth $111,000. 56.50% of the stock is owned by institutional investors.

Arko Company Profile (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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