Arko Corp. (NASDAQ:ARKO - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.03 per share on Tuesday, December 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, November 19th.
Arko has a payout ratio of 70.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Arko to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 37.5%.
Arko Stock Down 3.4 %
ARKO traded down $0.23 on Friday, hitting $6.61. 337,896 shares of the company were exchanged, compared to its average volume of 249,637. The stock's fifty day moving average is $6.72 and its 200-day moving average is $6.17. Arko has a 12 month low of $4.09 and a 12 month high of $8.42. The company has a debt-to-equity ratio of 3.97, a quick ratio of 1.06 and a current ratio of 1.58. The company has a market cap of $765.24 million, a PE ratio of 25.42 and a beta of 0.47.
Arko (NASDAQ:ARKO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Arko had a return on equity of 13.12% and a net margin of 0.39%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $0.11 EPS. Equities research analysts predict that Arko will post 0.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company upped their price target on shares of Arko from $5.00 to $6.25 and gave the stock an "equal weight" rating in a research report on Thursday, August 8th.
Check Out Our Latest Research Report on Arko
About Arko
(
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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.
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