Wall Street brokerages expect that Arko Corp. (NASDAQ:ARKO – Get Rating) will report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Arko’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.16. Arko posted earnings per share of $0.19 during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Arko will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.74. For the next year, analysts expect that the firm will post earnings of $0.63 per share, with EPS estimates ranging from $0.49 to $0.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Arko.
Arko (NASDAQ:ARKO – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Arko had a net margin of 0.96% and a return on equity of 32.38%. During the same quarter last year, the firm posted ($0.13) earnings per share.
NASDAQ:ARKO traded down $0.35 during mid-day trading on Friday, hitting $8.26. The stock had a trading volume of 5,302 shares, compared to its average volume of 427,247. The stock has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $8.87. The company has a market capitalization of $1.01 billion, a PE ratio of 16.25 and a beta of 0.12. Arko has a twelve month low of $7.32 and a twelve month high of $11.40. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 3.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a $0.02 dividend. The ex-dividend date is Friday, May 27th. This represents a $0.08 annualized dividend and a yield of 0.97%. Arko’s dividend payout ratio is currently 15.09%.
A number of institutional investors have recently made changes to their positions in ARKO. BlackRock Inc. increased its stake in Arko by 200.0% in the third quarter. BlackRock Inc. now owns 6,652,621 shares of the company’s stock valued at $67,190,000 after purchasing an additional 4,435,041 shares during the last quarter. Phoenix Holdings Ltd. increased its stake in Arko by 124.3% in the first quarter. Phoenix Holdings Ltd. now owns 3,216,438 shares of the company’s stock valued at $29,270,000 after purchasing an additional 1,782,581 shares during the last quarter. Millennium Management LLC increased its stake in Arko by 2,572.8% in the fourth quarter. Millennium Management LLC now owns 1,199,852 shares of the company’s stock valued at $10,523,000 after purchasing an additional 1,154,961 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in Arko in the first quarter valued at approximately $6,848,000. Finally, Geode Capital Management LLC increased its stake in Arko by 72.3% in the third quarter. Geode Capital Management LLC now owns 1,366,664 shares of the company’s stock valued at $13,803,000 after purchasing an additional 573,531 shares during the last quarter. Institutional investors own 56.50% of the company’s stock.
About Arko (Get Rating)
Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents.
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