Brokers Offer Predictions for Archrock, Inc.’s Q2 2024 Earnings (NYSE:AROC)

Archrock, Inc. (NYSE:AROC) – Analysts at Sidoti Csr raised their Q2 2024 EPS estimates for shares of Archrock in a research report issued to clients and investors on Thursday, May 2nd. Sidoti Csr analyst S. Ferazani now forecasts that the energy company will post earnings of $0.26 per share for the quarter, up from their prior estimate of $0.24. The consensus estimate for Archrock’s current full-year earnings is $1.02 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.19 EPS.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to analysts’ expectations of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. Archrock’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus lifted their price objective on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Archrock Trading Down 0.9 %

NYSE:AROC opened at $20.03 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $3.13 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.82 and a beta of 1.58. The firm’s 50 day moving average is $19.42 and its 200 day moving average is $16.61. Archrock has a 12 month low of $8.92 and a 12 month high of $21.40.

Institutional Investors Weigh In On Archrock

A number of hedge funds and other institutional investors have recently bought and sold shares of AROC. USA Financial Formulas increased its holdings in shares of Archrock by 4,483.8% in the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Archrock in the first quarter worth $43,000. GAMMA Investing LLC bought a new position in shares of Archrock in the fourth quarter worth $51,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Archrock in the third quarter worth $135,000. Finally, Aigen Investment Management LP bought a new position in shares of Archrock in the third quarter worth $153,000. Institutional investors own 95.45% of the company’s stock.

Archrock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.30%. Archrock’s payout ratio is 79.52%.

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.