Arko (NASDAQ:ARKO) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Arko (NASDAQ:ARKO - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05), Zacks reports. Arko had a net margin of 0.27% and a return on equity of 8.88%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.13 billion.

Arko Stock Performance

Shares of ARKO traded down $0.01 on Friday, reaching $4.51. 1,679,530 shares of the company's stock traded hands, compared to its average volume of 609,280. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. The stock has a market cap of $522.13 million, a PE ratio of 28.19 and a beta of 0.50. The stock's 50 day simple moving average is $6.78 and its two-hundred day simple moving average is $6.76. Arko has a 52-week low of $4.09 and a 52-week high of $7.84.

Arko Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Monday, March 10th. Arko's payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered Arko from a "buy" rating to a "hold" rating and dropped their target price for the company from $8.50 to $7.50 in a report on Thursday.

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About Arko

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.