ARKO (NASDAQ:ARKO) Posts Earnings Results

ARKO (NASDAQ:ARKO) issued its earnings results on Wednesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02), FiscalAI reports. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2 billion. ARKO had a net margin of 0.18% and a return on equity of 5.50%.

ARKO Price Performance

ARKO stock opened at $4.18 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $470.70 million, a P/E ratio of 51.32 and a beta of 0.78. The business has a 50-day moving average of $4.55 and a 200-day moving average of $4.55. ARKO has a 1 year low of $3.51 and a 1 year high of $7.84.

ARKO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.9%. ARKO’s payout ratio is 109.09%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of ARKO in a report on Wednesday. Raymond James Financial set a $8.00 target price on shares of ARKO and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.13.

Institutional Investors Weigh In On ARKO

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of ARKO by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after buying an additional 206,061 shares during the period. JPMorgan Chase & Co. increased its stake in ARKO by 22.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 733,606 shares of the company’s stock worth $3,103,000 after purchasing an additional 134,502 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in ARKO by 24.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 671,398 shares of the company’s stock worth $2,840,000 after buying an additional 133,354 shares during the period. Gabelli Funds LLC lifted its stake in ARKO by 5.3% in the second quarter. Gabelli Funds LLC now owns 350,500 shares of the company’s stock valued at $1,483,000 after buying an additional 17,500 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of ARKO in the first quarter valued at approximately $1,335,000. Institutional investors own 78.29% of the company’s stock.

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.