Archrock (AROC) to Release Quarterly Earnings on Tuesday

Archrock (NYSE:AROC - Get Free Report) is expected to release its earnings data before the market opens on Tuesday, February 18th. Analysts expect Archrock to post earnings of $0.32 per share and revenue of $328.38 million for the quarter.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, analysts expect Archrock to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Archrock Stock Up 0.1 %

Archrock stock traded up $0.03 during mid-day trading on Friday, hitting $27.60. 1,012,582 shares of the company's stock were exchanged, compared to its average volume of 1,287,539. Archrock has a 1-year low of $16.34 and a 1-year high of $30.44. The stock has a 50 day moving average of $26.96 and a two-hundred day moving average of $23.17. The stock has a market cap of $4.83 billion, a P/E ratio of 30.32, a P/E/G ratio of 1.70 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.19 per share. This is a positive change from Archrock's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.75%. Archrock's dividend payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AROC. JPMorgan Chase & Co. upped their target price on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. Royal Bank of Canada boosted their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Archrock currently has an average rating of "Moderate Buy" and a consensus price target of $25.17.

About Archrock

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.