Arko Corp. (NASDAQ:ARKO) Expected to Announce Quarterly Sales of $2.31 Billion

Equities research analysts expect Arko Corp. (NASDAQ:ARKOGet Rating) to report sales of $2.31 billion for the current quarter, Zacks reports. Three analysts have made estimates for Arko’s earnings. The lowest sales estimate is $2.21 billion and the highest is $2.39 billion. Arko reported sales of $1.91 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.9%. The business is expected to issue its next 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 year, with estimates ranging from $8.45 billion to $9.10 billion. For the next fiscal year, analysts forecast that the company will report sales of $8.64 billion, with estimates ranging from $7.87 billion to $9.64 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Arko.

Arko (NASDAQ:ARKOGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.01 EPS 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 company earned ($0.13) earnings per share.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Arko from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Wells Fargo & Company initiated coverage on Arko in a research report on Wednesday, May 25th. They issued an “equal weight” rating and a $7.75 target price for the company.

A number of hedge funds have recently modified their holdings of ARKO. BlackRock Inc. increased its holdings in shares of Arko by 200.0% in the third quarter. BlackRock Inc. now owns 6,652,621 shares of the company’s stock worth $67,190,000 after buying an additional 4,435,041 shares during the period. Phoenix Holdings Ltd. grew its holdings in shares of Arko by 124.3% during the 1st quarter. Phoenix Holdings Ltd. now owns 3,216,438 shares of the company’s stock worth $29,270,000 after acquiring an additional 1,782,581 shares during the period. Millennium Management LLC grew its holdings in shares of Arko by 2,572.8% during the 4th quarter. Millennium Management LLC now owns 1,199,852 shares of the company’s stock worth $10,523,000 after acquiring an additional 1,154,961 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Arko during the 1st quarter worth approximately $6,848,000. Finally, Geode Capital Management LLC grew its holdings in shares of Arko by 72.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,366,664 shares of the company’s stock worth $13,803,000 after acquiring an additional 573,531 shares during the period. 56.50% of the stock is owned by hedge funds and other institutional investors.

Shares of ARKO opened at $8.92 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. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.83 and a beta of 0.12. The stock has a 50 day moving average of $8.90 and a 200 day moving average of $8.73. Arko has a 12 month low of $7.32 and a 12 month high of $11.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, May 27th. Arko’s dividend payout ratio is 15.09%.

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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