Arko (ARKO) Set to Announce Earnings on Tuesday

Arko (NASDAQ:ARKO - Get Free Report) will release 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. Parties that wish to listen to the company's conference call can do so using this link.

Arko (NASDAQ:ARKO - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Arko had a net margin of 0.37% and a return on equity of 12.32%. The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, analysts expect Arko to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Arko Trading Down 7.3 %

NASDAQ:ARKO traded down $0.34 during trading hours on Tuesday, hitting $4.30. 828,209 shares of the stock were exchanged, compared to its average volume of 324,169. The company's 50 day moving average is $5.75 and its two-hundred day moving average is $7.09. The company has a market capitalization of $497.68 million, a P/E ratio of 16.80 and a beta of 0.28. Arko has a twelve month low of $4.16 and a twelve month high of $8.55. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, March 8th. Arko's dividend payout ratio is 48.00%.

Insider Activity

In other news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the transaction, the insider now directly owns 11,683,980 shares of the company's stock, valued at $78,983,704.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 21.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Arko from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Thursday, February 29th. Wells Fargo & Company cut their price objective on shares of Arko from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Friday, April 19th.

Arko Company Profile

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.