Arko (ARKO) Set to Announce Quarterly Earnings on Tuesday

Arko (NASDAQ:ARKOGet Free Report) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect Arko to post earnings of ($0.17) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Arko (NASDAQ:ARKOGet Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same quarter last year, the company posted $0.09 EPS. On average, analysts expect Arko to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arko Stock Up 0.7 %

ARKO stock opened at $4.27 on Friday. The company’s 50 day moving average is $5.45 and its 200 day moving average is $7.00. The stock has a market cap of $494.21 million, a price-to-earnings ratio of 17.08 and a beta of 0.36. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 3.77. Arko has a 1-year low of $4.09 and a 1-year high of $8.55.

Insiders Place Their Bets

In other news, major shareholder Morris Willner sold 2,792,631 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the sale, the insider now owns 11,683,980 shares of the company’s stock, valued at approximately $78,983,704.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ARKO shares. BMO Capital Markets lowered their price objective on shares of Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Thursday, February 29th. Wells Fargo & Company lowered their price target on Arko from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, April 19th.

Get Our Latest Analysis on ARKO

About Arko

(Get Free Report)

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.

See Also

Earnings History for Arko (NASDAQ:ARKO)

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