Arko (ARKO) Set to Announce Quarterly Earnings on Tuesday

Arko (NASDAQ:ARKO) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect Arko to post earnings of ($0.17) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Arko (NASDAQ:ARKO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Arko had a return on equity of 12.32% and a net margin of 0.37%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company earned $0.09 earnings per share. On average, analysts expect Arko to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arko Stock Performance

NASDAQ:ARKO opened at $4.27 on Friday. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.54 and a quick ratio of 1.03. The company has a market cap of $494.21 million, a price-to-earnings ratio of 17.08 and a beta of 0.36. Arko has a 1 year low of $4.09 and a 1 year high of $8.55. The stock’s 50 day simple moving average is $5.45 and its two-hundred day simple moving average is $7.00.

Insider Transactions at Arko

In related news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the completion of the sale, the insider now owns 11,683,980 shares in the company, valued at approximately $78,983,704.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 21.60% of the company’s stock.

Analyst Ratings Changes

ARKO has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price objective on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. BMO Capital Markets reduced their price target on Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, February 29th.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.