Sidoti Weighs in on Archrock's FY2028 Earnings (NYSE:AROC)

Key Points

• Sidoti forecasts Archrock will earn $2.34 per share in FY2028, above the current full-year consensus estimate of $1.73.
• Archrock’s latest quarterly EPS of $0.49 beat the $0.45 consensus, but revenue of $370.81 million fell short of estimates and declined 3% year over year.
• Analyst sentiment is broadly positive: nine analysts rate the stock Buy and one Hold, for a “Moderate Buy” consensus and an average price target of $42.12. Archrock also declared a $0.23 quarterly dividend.

Archrock, Inc. (NYSE:AROC - Free Report) - Sidoti issued their FY2028 earnings per share estimates for shares of Archrock in a research report issued on Thursday, November 5th. Sidoti analyst S. Ferazani forecasts that the energy company will earn $2.34 per share for the year. The consensus estimate for Archrock's current full-year earnings is $1.73 per share.

A number of other research analysts have also recently issued reports on AROC. Weiss Ratings cut Archrock from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, October 28th. Wells Fargo & Company lowered their target price on shares of Archrock from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Zacks Research raised shares of Archrock from a "strong sell" rating to a "hold" rating in a report on Thursday. Evercore set a $40.00 target price on shares of Archrock in a research report on Monday, August 17th. Finally, JPMorgan Chase & Co. cut their price target on shares of Archrock from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $42.12.

Archrock Stock Performance

Shares of NYSE:AROC opened at $27.59 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.46 and a quick ratio of 0.91. The business's fifty day moving average price is $30.64 and its two-hundred day moving average price is $34.09. Archrock has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96.

Archrock (NYSE:AROC - Get Free Report) last posted its earnings results on Monday, November 2nd. The energy company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $370.81 million during the quarter, compared to the consensus estimate of $385.95 million. Archrock had a return on equity of 22.33% and a net margin of 22.89%. Archrock's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS.

Hedge Funds Weigh In On Archrock

A number of institutional investors have recently modified their holdings of AROC. BlackRock Inc. bought a new position in Archrock in the 2nd quarter worth approximately $1,217,511,000. Bank of America Corp DE bought a new position in Archrock in the 2nd quarter valued at $262,070,000. Bank of New York Mellon Corp bought a new position in Archrock in the 2nd quarter valued at $84,463,000. Energy Income Partners LLC bought a new position in Archrock in the 2nd quarter valued at $58,510,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Archrock in the 2nd quarter valued at $51,617,000. 95.45% of the stock is owned by institutional investors.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, November 3rd will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, November 3rd. Archrock's dividend payout ratio (DPR) is presently 47.42%.

About Archrock

Archrock, Inc provides natural gas compression services to companies in the oil and natural gas industry. Its equipment helps move natural gas from wells through gathering systems and pipelines, supporting production and transportation.

The company's contract operations include supplying, operating and maintaining compression equipment at customer sites. Through its aftermarket services business, Archrock provides maintenance, repair and other support for compression equipment, including units it did not originally supply.

Archrock was formed in 2015 following a separation of Exterran Holdings, with the business focused on contract compression operations.

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