Brokers Offer Predictions for Archrock, Inc.’s Q2 2024 Earnings (NYSE:AROC)

Archrock, Inc. (NYSE:AROC) – Investment analysts at Sidoti Csr increased their Q2 2024 earnings per share (EPS) estimates for Archrock in a report released on Thursday, May 2nd. Sidoti Csr analyst S. Ferazani now anticipates that the energy company will earn $0.26 per share for the quarter, up from their previous forecast of $0.24. The consensus estimate for Archrock’s current full-year earnings is $1.02 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.19 EPS.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million during the quarter, compared to analysts’ expectations of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. Archrock’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus increased their price target on Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Archrock presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Archrock Stock Down 0.9 %

AROC stock opened at $20.03 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.26 and a quick ratio of 0.74. The stock has a market capitalization of $3.13 billion, a P/E ratio of 24.13, a P/E/G ratio of 2.82 and a beta of 1.58. The business has a 50-day moving average of $19.42 and a 200-day moving average of $16.61. Archrock has a fifty-two week low of $8.92 and a fifty-two week high of $21.40.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. USA Financial Formulas lifted its position in shares of Archrock by 4,483.8% in the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after buying an additional 1,659 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Archrock in the first quarter valued at approximately $43,000. GAMMA Investing LLC acquired a new stake in shares of Archrock in the fourth quarter valued at approximately $51,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Archrock in the third quarter valued at approximately $135,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Archrock in the third quarter valued at approximately $153,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.66 annualized dividend and a yield of 3.30%. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.