Arko (ARKO) Scheduled to Post Quarterly Earnings on Monday

Arko (NASDAQ:ARKOGet Rating) is scheduled to announce its earnings results after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Arko (NASDAQ:ARKOGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Arko had a return on equity of 32.38% and a net margin of 0.96%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted ($0.13) EPS. On average, analysts expect Arko to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arko Stock Performance

Shares of ARKO opened at $9.26 on Friday. The business’s fifty day moving average price is $8.68 and its 200 day moving average price is $8.63. Arko has a 12-month low of $7.45 and a 12-month high of $10.98. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.96 and a beta of 0.28. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.60 and a quick ratio of 1.09.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company assumed coverage on Arko in a research note on Wednesday, May 25th. They set an “equal weight” rating and a $7.75 price objective on the stock.

Institutional Investors Weigh In On Arko

A number of hedge funds have recently added to or reduced their stakes in ARKO. Ergoteles LLC bought a new stake in Arko in the first quarter valued at $1,709,000. Dimensional Fund Advisors LP lifted its stake in Arko by 28.0% in the first quarter. Dimensional Fund Advisors LP now owns 749,684 shares of the company’s stock valued at $6,822,000 after buying an additional 163,790 shares during the last quarter. Invesco Ltd. lifted its stake in Arko by 4.2% in the first quarter. Invesco Ltd. now owns 4,092,707 shares of the company’s stock valued at $37,244,000 after buying an additional 163,675 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Arko by 117.9% in the first quarter. Goldman Sachs Group Inc. now owns 126,360 shares of the company’s stock valued at $1,150,000 after buying an additional 68,372 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Arko in the first quarter valued at $465,000. 56.50% of the stock is currently owned by institutional investors.

Arko Company Profile

(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.

Featured Stories

Earnings History for Arko (NASDAQ:ARKO)

Want More Great Investing Ideas?

Receive News & Ratings for Arko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arko and related companies with MarketBeat.com's FREE daily email newsletter.