What is Sidoti Csr’s Estimate for Archrock Q4 Earnings?

Archrock, Inc. (NYSE:AROC) – Equities research analysts at Sidoti Csr decreased their Q4 2024 EPS estimates for Archrock in a research report issued on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now expects that the energy company will earn $0.27 per share for the quarter, down from their prior estimate of $0.29. The consensus estimate for Archrock’s current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

Several other brokerages have also weighed in on AROC. Citigroup started coverage on shares of Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. Mizuho started coverage on shares of Archrock in a report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada upped their price objective on shares of Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.50.

Archrock Stock Performance

Shares of NYSE:AROC opened at $23.65 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. Archrock has a 1-year low of $13.89 and a 1-year high of $24.71. The stock has a market capitalization of $3.99 billion, a P/E ratio of 25.98 and a beta of 1.52. The business has a 50-day moving average price of $20.76 and a two-hundred day moving average price of $20.29.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. Archrock had a return on equity of 18.12% and a net margin of 13.34%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS.

Institutional Trading of Archrock

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Archrock by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after buying an additional 849,750 shares during the last quarter. Earnest Partners LLC raised its holdings in Archrock by 2.6% during the first quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company’s stock worth $275,536,000 after acquiring an additional 351,391 shares in the last quarter. American Century Companies Inc. boosted its position in Archrock by 20.5% during the second quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock valued at $80,036,000 after purchasing an additional 672,663 shares during the last quarter. Energy Income Partners LLC grew its stake in Archrock by 4.9% in the first quarter. Energy Income Partners LLC now owns 2,468,897 shares of the energy company’s stock valued at $48,563,000 after purchasing an additional 116,298 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Archrock by 60.3% during the 2nd quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company’s stock worth $47,389,000 after purchasing an additional 882,024 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.96%. This is a positive change from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is presently 76.92%.

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.