Analysts Anticipate Arko Corp. (NASDAQ:ARKO) Will Announce Earnings of $0.20 Per Share

Brokerages expect that Arko Corp. (NASDAQ:ARKOGet Rating) will report earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Arko’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.23. Arko reported earnings per share of $0.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The business is expected to report its next quarterly earnings results 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 $0.46 to $0.74. For the next year, analysts anticipate that the business will post earnings of $0.63 per share, with EPS estimates ranging from $0.49 to $0.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Arko.

Arko (NASDAQ:ARKOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned ($0.13) EPS.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ARKO. Point72 Hong Kong Ltd acquired a new position in shares of Arko during the 3rd quarter worth approximately $36,000. Teacher Retirement System of Texas purchased a new stake in Arko in the 1st quarter valued at $93,000. Morgan Stanley purchased a new position in shares of Arko during the 1st quarter worth $94,000. Centiva Capital LP purchased a new stake in shares of Arko in the third quarter valued at about $110,000. Finally, GSA Capital Partners LLP acquired a new stake in Arko during the third quarter worth about $111,000. 56.50% of the stock is currently owned by institutional investors.

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

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

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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